The global pharmaceutical analytical testing outsourcing market is
expected to reach USD 9.6 billion by 2025, according to a new report by Grand
View Research, Inc. The performance of market players in pharmaceutical
analytical testing domain is highly influenced by the level of demand from
end-user side. Due to intense market efforts, increasing awareness level,
improving accessibility, and government initiatives, consumers, these days, are
more concerned about self-care, resulting in higher consumption of
pharmaceutical products.
 |
Global pharmaceutical analytical testing outsourcing market,
by services, 2015
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The consumption levels are anticipated to rise exponentially over the forecast period. The companies and government organizations are working collaboratively to bridge the gap between supply and demand. As a result, companies have to realign their manufacturing capabilities to meet the increasing demand.
A major price difference between conducting analytical tests in-house and
outsourcing has been observed. Companies may lack the required set-up and
expertise to perform every possible test in-house. In addition, there are
serval no routine activities that are needed to be performed only once. These
include registration stability storage & testing, process & facility
validation work, cleaning validations, analytical testing using expensive
equipment & method development. For such tests, the best option is to
outsource it to a specialty firm that has expertise and experience in this
vertical. Outsourcing benefits companies with various aspects such as personnel
management and reduction of equipment, validation & maintenance cost.
In depth research report on Pharmaceutical
Analytical Testing Outsourcing Market
Further key findings from the study suggest:
·
The other
methods of validation services include cleaning validation services, analytical
standard characterization, and peak identification. These services are
anticipated to witness growth over the forecast period.
·
Clinical
bioanalytical testing market is likely to witness growth rate of over 8.0%
during the forecast period owing to the increasing number of clinical trials
coupled with a strengthened regulatory framework to perform drug discovery and
development process at par with excellence.
·
North America
is expected to dominate the market at a global level owing to the better
quality and propelling research activities being conducted within the region.
·
Some of the
key players in this market include SGS SA; Toxikon, Inc.; Eurofins Scientific;
Pharmaceutical Product Development, LLC; Intertek Group plc; Pace Analytical
Services, LLC; Exova Group plc; Boston Analytical; Charles River Laboratories
International Inc.; and West Pharmaceutical Services, Inc. Regional &
service portfolio expansions and merger & acquisitions are key strategic
undertakings of these players.
Grand View Research has segmented the global pharmaceutical analytical
testing outsourcing market on the basis of services and region:
Pharmaceutical Analytical Testing Outsourcing
Services Outlook (Revenue, USD Million, 2014-2025)
·
Bioanalytical
Testing
o
Clinical
o
Non Clinical
·
Method
Development & Validation
o
Extractable
& Leachable
o
Impurity
Method
o
Technical
Consulting
o
Others
·
Stability
Testing
o
Drug Substance
o
Stability
Indicating Method Validation
o
Accelerated
Stability Testing
o
Phostostability
Testing
o
Others
·
Others
Pharmaceutical Analytical Testing Outsourcing
Services Regional Outlook (Revenue, USD Million, 2014-2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East
and Africa (MEA)
o
South Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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