Healthcare Analytical Testing Services Market

Eurofins Scientific (Luxembourg), Wuxi Pharmatech (China), and Charles River Laboratories (US) are the Leading Players in the Healthcare Analytical Testing Services Market

Players in the global healthcare analytical testing services industry include Eurofins Scientific (Luxembourg), LabCorp (US), SGS (Switzerland), Charles River Laboratories (US), WuXi PharmaTech (China), PPD (US), Element Materials Technology (UK), Pace Analytical (US), Intertek (UK), Merck KGAA (Germany), and Anacura (Belgium). These players are focusing on increasing their presence in high-growth markets through both organic as well as inorganic growth strategies, including service launches, expansions, collaborations, and partnerships.

Eurofins Scientific (US) was the leader in the global healthcare analytical testing services in 2019. The company has a diversified service portfolio, which includes a wide range of healthcare analytical testing services. The company operates in more than 800 laboratories and has a portfolio of over 200,000 analytical methods. It has displayed a major emphasis on acquisition in the past years. For instance, in June 2018, Eurofins Scientific acquired two wholly owned subsidiaries of VTT Technical Research Centre of Finland Ltd. to enhance its environment-testing segment. Similarly, in June 2019, Eurofins Scientific acquired Transplant Genomics Inc. (US) to expand its transplantation testing footprint.

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WuXi PharmaTech (China) held the second-largest market share in the healthcare analytical testing services market in 2019. The company offers analytical testing services for the pharmaceutical, biotechnology, and medical device industries. The company also offers comprehensive and regulatory-compliant bioanalysis services to support preclinical and clinical development for small-molecule drugs, biologics, vaccines, and biomarkers. To maintain its leading position and enhance its market share, the company has shown a focus on acquisition. For instance, in 2019, the company acquired ResearchPoint Global, a US-based CRO. It also acquired HD Biosciences in 2017.

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Healthcare Analytical Testing Services Market by Type (Method Development & Validation, Cell-Based Assays, Stability Testing, Heavy Metal Testing, Image Analysis, Virology Testing) & End user (Pharmaceuticals, Medical Devices) - Global Forecast to 2025

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Report Code
AST 4341
RI Published ON
4/24/2020
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