Global Healthcare Analytical Testing Services Market to reach USD 21.52 billion by 2027. Global Healthcare Analytical Testing Services Market is valued approximately at USD 11.4 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2021-2027. Healthcare analytical testing services allow the assessment of various chemical compounds or biopharmaceutical materials in specific and sensitive manner used for making pharmaceuticals products. The global Healthcare Analytical Testing Services market is being driven by Increasing outsourcing of analytical testing by pharmaceutical companies, increasing number of clinical trials and focus on analytical testing of biologics & biosimilars. Furthermore, the rising advancement for specialized testing and the emerging market, will provide new opportunities for the global Healthcare Analytical Testing Services industry. For instance, according to biosimilars councils in the United States, there were more than 25 FDA-approval for biosimilars helping the patients with common but difficult-to-treat diseases such as cancer and arthritis and other inflammatory diseases. As a result, focus on analytical testing of biologics & biosimilars, will serve as a catalyst for the Healthcare Analytical Testing Services industry in the future. However, lack of skilled professionals, may restrict the growth of market in the forecasted period 2021-2027.,
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of global healthcare analytical testing services market. The huge base of clinical trials in the region, along with rising demand for analytical testing makes the North America the leading region across the world in terms of market share. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to the expansion of the biosimilars market in countries such as India applications in the region.
Major market player included in this report are:
Eurofins scientific
Labcorp
SGS
Charles river laboratories
Wuxi pharmatech
PPD
Element materials technology
Pace analytical
Intertek
0merck kgaa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Solid
Hollow
By Origin:
Virgin
Blended
Recycled
By End Use:
Textile
Home Furnishing
Automotive
Filtration
Construction
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Healthcare Analytical Testing ServicesMarket in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors