Pharmaceutical analytical testing
outsourcing is the constitution of services from the manufacturing,
testing and validating the pharmaceuticals and therapeutics. This involves
validating pharmaceutical ingredient, compounds, manufacturing methods required
for the development of these drugs. Global pharmaceutical analytical testing
outsourcing market is expected to rise to an estimated value of USD 10.42
billion by 2026, registering a substantial CAGR in the forecast period of
2019-2026. Key players profiled in this report are: SGS SA; TOXIKON;
Eurofins Scientific; Pace Analytical Services, LLC; Intertek Group plc;
Pharmaceutical Product Development, LLC; Exova; Charles River; Boston
Analytical; West Pharmaceutical Services, Inc.; Dalton Pharma Services; Merck
KGaA; Cambrex Corporation; WuXi AppTec; Source BioScience; Ajinomoto
Bio-Pharma; Catalent, Inc; Gateway Analytical
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Segmentation: Global Pharmaceutical
Analytical Testing Outsourcing Market
·
Global Pharmaceutical Analytical Testing
Outsourcing Market By Service Type
(Bioanalytical Testing, Method Development & Validation, Stability Testing,
Others)
·
Product
Type (Raw Materials, Finished Product, Active Pharmaceutical Ingredients),
·
End-Users
(Pharmaceutical & Biopharmaceutical Companies, Biotechnology Industry)
·
Geography
(North America, South America, Europe, Asia-Pacific, Middle East and
Africa) – Industry Trends & Forecast to 2026
Competitive Analysis: Global
Pharmaceutical Analytical Testing Outsourcing Market
Global pharmaceutical analytical testing outsourcing market
is highly fragmented and the major players have used various strategies such as
new product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market. The
report includes market shares of pharmaceutical analytical testing outsourcing
market for global, Europe, North America, Asia-Pacific, South America and
Middle East & Africa.
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Market Drivers
·
Increasing usage of pharmaceuticals and
therapeutics requiring specialized manufacturing capabilities; this factor is
expected to drive the growth of the market
· Growth in modernization and innovations requiring reduction of operating costs of manufacturing and development; this factor is expected to enhance the growth of the market
· Presence of strict regulations and requirement of pertaining to the standards provided by the authorities; this factor is expected to flourish the growth of the market
· Growth in modernization and innovations requiring reduction of operating costs of manufacturing and development; this factor is expected to enhance the growth of the market
· Presence of strict regulations and requirement of pertaining to the standards provided by the authorities; this factor is expected to flourish the growth of the market
Market Restraints
·
Reliance on performance of unstable outsourced
manufacturing organizations; this factor is expected to hamper the market
growth
· Concerns regarding privacy/theft of confidential data of manufacturing pharmaceuticals; this factor is expected to restrain the market growth
· Concerns regarding privacy/theft of confidential data of manufacturing pharmaceuticals; this factor is expected to restrain the market growth
Reasons to Purchase
this Report
·
Current and future of global pharmaceutical
analytical testing outsourcing market outlook in the developed and emerging
markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
· Regions/Countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
· Regions/Countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
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