Key players in healthcare analytical testing services market are Exova Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), SGS (Switzerland), PPD Inc. (U.S.), WuXi PharmaTech (Cayman) Inc. (China), Charles River Laboratories International Inc. (U.S.), Source BioScience Plc. (U.K.), Anabiotec (Belgium), Intertek Group Plc. (U.K.), Medistri SA (Switzerland), Pace Analytical Services Inc. (U.S.), and BioReliance Corporation (U.S.).
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The global healthcare analytical testing services market is projected to reach USD 4.13 Billion by 2021 from USD 2.42 Billion in 2016, at a CAGR of 11.3% from 2016 to 2021. The market is expected to witness significant growth in the coming years due to the rising demand for analytical services for biologics and large-molecule drugs.
- Pharmaceutical and Biopharmaceutical Companies
- Contract Research Organizations (CROs)
- Medical Device Manufacturing Companies
- Government Associations
- Market Research and Consulting Firms
- Venture Capitalists and Investors
In this report, healthcare analytical testing services market segmented on basis of services, samples, end users, and regions.
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In 2015, bioanalytical testing segment accounted for largest share of global healthcare analytical testing services market, by type. Large share of this segment can primarily be attributed to large number of biologic molecules in pipeline & growing biopharmaceutical industry.
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North America dominated healthcare analytical testing services market followed by Europe, Asia-pacific, & Rest of the World. High quality standards in pharmaceutical industry, rapid growth in biosimilars & biologics market, & presence of a large pool of analytical testing providers are factors driving growth of this market.
2 Market Share Analysis
3 Competitive Situation and Trends
6 Agreements, Collaborations, and Partnerships
7 Service Launches
Report analyzes healthcare analytical testing services market by services, samples, end users, & regions. North America dominated the healthcare analytical testing services market followed by Europe, Asia-pacific, & Rest of the World.
Geographically, North America commanded a major share of healthcare analytical testing services market in 2015. Asia-Pacific is expected to witness highest growth rate during forecast period.
Growth in Asia-Pacific market can be attributed to large pool of pharmaceutical & biopharmaceutical companies, government support from both an economic and policy standpoint to drive innovation in life sciences, and rapidly increasing demand for outsourcing of analytical testing.
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