Market Research Report
Healthcare Analytical Testing Services - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939229|
|Published||Content info||151 Pages
Delivery time: 2-3 business days
|Healthcare Analytical Testing Services - Global Market Outlook (2018-2027)|
|Published: May 1, 2020||Content info: 151 Pages||
According to Stratistics MRC, the Global Healthcare Analytical Testing Services market is accounted for $3.82 billion in 2018 and is expected to reach $11.67 billion by 2027 growing at a CAGR of 13.2% during the forecast period. Increasing number of clinical trials, and rising outsourcing of analytical testing by pharmaceutical companies are driving the growth of the market. However, lack of skilled professionals is restraining the growth of the market.
Healthcare analytical testing services are widely used by pharmaceutical, biopharmaceutical, and medical device manufacturers that support throughout the stages of their drug development. These services provide support in the process of drug development started from discovery through clinical development or clinical trials to commercial use. The primary objective of performing healthcare analytics is to gain insights into patient records, costs, hospital management, and diagnosis in order to systemize the process and obtain required data for the development of the overall healthcare sector. Furthermore, analytical testing plays a critical role in the end-to-end process of drug development and manufacturing
Based on end user, the Pharmaceutical & biopharmaceutical companies is likely to a huge demand in the forecast period due to the tremendous amount of analytical testing required to support a product from discovery, development, and clinical trials, through manufacturing and marketing. On the basis of geography, Asia Pacific has a growing prominence due to the lower production costs and growing favorability of the regulatory environment.
Some of the key players in Healthcare Analytical Testing services Market include Almac Group, Anacura, Charles River Laboratories, Element Materials Technology,Eurofins Scientific,Frontage Labs, Icon, Intertek, Labcorp, Lgc Limited, Medpace, Merck KGAA, Pace Analytical, PPD, PRA Health Sciences, SGS, Source Bioscience, Steris PLC, Syneos Health, and Wuxi Pharmatech.
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End Users Covered:
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.