The report "Healthcare Analytical Testing Services Market by Type (Biomarker Testing, Stability Testing, Raw Material Testing, Batch-release Testing, Cleaning Validation, End User (Pharmaceutical Companies, Medical Device Companies, CRO) - Global Forecast to 2027",is projected to reach USD 11.1 billion by 2027 from USD 6.5 billion in 2022, at a CAGR of 11.4%. Growth in the market is driven by analytical testing of biologics and biosimilars, increasing outsourcing of analytical testing by pharmaceutical companies, and rising number of clinical trials requiring regulatory approvals.
Browse 355 market data Tables and 57 Figures spread through 413 Pages and in-depth TOC on "Healthcare Analytical Testing Services Market by Type (Biomarker Testing, Stability Testing, Raw Material Testing, Batch-release Testing, Cleaning Validation, End User (Pharmaceutical Companies, Medical Device Companies, CRO) - Global Forecast to 2027"
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The bioanalytical testing services segment holds the largest share in the healthcare analytical testing services market in 2021
Based on type, the healthcare analytical testing services market is segmented into segmented into bioanalytical testing, physical characterization, method development & validation, stability testing, batch-release testing, raw material testing, microbial testing, and environmental monitoring services. In 2021, the bioanalytical testing segment accounted for the largest share of the healthcare analytical testing services market. The large share of this segment is attributed to the growing adoption of outsourced research & development services by the biopharmaceutical companies to reduce inhouse resarch cost and streamlinetheir core competencies.
The laser particlesize analysis service segment holds the largest share in the physical characterization services market
Based on type, the physical characterization services market is segmented into laser particle size analysis, thermal analysis, image analysis, surface area analysis, and other physical characterization services. In 2021, the laser particle size analysis segment dominated this market. This method has developed considerably over the years as has the capability to analyze a broad size range in a variety of dispersion media. Manufactures and end users of powdered materials depend on these accurate, reproducible, and high-resolution light scattering measurements to ensure full characterization of the particle size distribution of their sample. This makes particle size analysis an important component in manufacturing and formulating pharmaceutical dosage forms.
The pharmaceutical & biopharmaceutical companies segment accounted for the largest share of the healthcare analytical testing services market
Based on end user, the healthcare analytical testing services market is segmented into pharmaceutical & biopharmaceutical companies, medical device companies, and contract research organizations. In 2021, the pharmaceutical & biopharmaceutical companies segment dominated this market. Growth in this segment is mainly driven by the growing demand for healthcare analytical testing services among pharmaceutical companies to facilitate clinical trials, and drug development processes.
North America holds the largest market share of the healthcare analytical testing services market
North America accounted for the largest share of the healthcare analytical testing services market in 2021. Growth in this market is mainly attributed to the rapid growth in the biosimilars and biologics markets in the region, technological advancements, pricing benefits of outsourcing, and the rising demand for healthcare testing services across US.
Prominent players in the healthcare analytical testing services market include Eurofins Scientific (Luxembourg), Laboratory Corporation of America Holdings (US), SGS S.A. (Switzerland), Charles River Laboratories (US), WuXi AppTec Co. Ltd. (China), Element Materials Technology (UK), Thermo Fisher Scientific Inc. (US), Pace Analytical Services, LLC (US), Intertek Group LLC (UK), IQVIA Inc. (US), Merck KGaA (Germany), Source BioScience (UK), Almac Group (UK), ICON Plc (Ireland), Frontage Laboratories, Inc. (US), STERIS Plc (US), Sartorius AG (Germany), ALS Life Science (US), Syneos Health, Inc. (US), Medpace Holdings, Inc. (US), LGC Limited (Cinven) (UK), Parexel International Corporation (US), Celerion (US), Absorption Systems LLC (US), and BioAgilytix Labs (US).
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