Healthcare analytical testing services are significantly used by the healthcare industry, including pharmaceutical, biopharmaceutical, and medical device manufacturers, in order to facilitate the different stages of drug discovery and development. These services provide support in the drug development process, from discovery through clinical development or clinical trials to commercial drug launches. The main objective of performing healthcare analytics is to gain in-depth insights into patient records, drug manufacturing costs, disease diagnosis, and overall hospital management.
MARKET DYNAMICS
The increasing predominance of the analytical testing rate of biosimilar and biologics, increased outsourcing of healthcare analytical testing services by pharmaceutical companies, and the growing adoption of the Quality-by-design approach in pharmaceutical research and manufacturing are factors driving the development of the healthcare analytical testing services market. Also, a significant rise in the clinical trial number, surge in drug research and development activities, and technological advancements in healthcare has boosted the market growth. In contrast, scarcity of trained and skilled healthcare professionals and data security risks associated with analytical testing services like the breach of confidential data may act as the restraining factor for healthcare analytical testing services market growth.
MARKET SCOPE
The "Healthcare Analytical Testing Services Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of healthcare analytical testing services market with detailed market segmentation by type and application. The healthcare analytical testing services market are expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in healthcare analytical testing services market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The healthcare analytical testing services market are segmented on the basis of type and application. on the basis of type, the market is segmented into bioanalytical testing services, physical characterization services, method development & validation services, raw material testing services, batch-release testing services, stability testing, microbial testing services, and environmental monitoring services . On the basis of application, the market is segmented as pharmaceutical & biopharmaceutical companies, medical device companies and contract research organizations.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the healthcare analytical testing services market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The healthcare analytical testing services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting healthcare analytical testing services market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the healthcare analytical testing services market in these regions.
MARKET PLAYERS
The report covers key developments in the healthcare analytical testing services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from healthcare analytical testing services market are anticipated to have lucrative growth opportunities in the future with the rising demand for healthcare analytical testing services in the global market. Below mentioned is the list of few companies engaged in the healthcare analytical testing services market.
The report also includes the profiles of key players in healthcare analytical testing services market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
-Eurofins Scientific
-Syneos Health
-PPD Inc.
-ICON plc.
-Charles River Laboratories
-SGS
-Pace Analytical Services, LLC
-Intertek
-Merck KGAA
-Source BioScience
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