Pharmaceutical Analytical Testing Outsourcing Market Size, Share, Growth Report 2030

Industry Perspective:

The report covers forecasts and analyses for the pharmaceutical analytical testing outsourcing market on a global and regional level. The study provides historic data from 2016 along with forecasts from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the pharmaceutical analytical testing outsourcing market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the pharmaceutical analytical testing outsourcing market on a global as well as regional level.

In order to give the users of this report a comprehensive view of the pharmaceutical analytical testing outsourcing market we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides a company market share analysis in order to give a broader overview of the key players in the pharmaceutical analytical testing outsourcing market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the pharmaceutical analytical testing outsourcing market on a global and regional basis.

Global Pharmaceutical Analytical Testing Outsourcing Market Segmentation

The study provides a crucial view on pharmaceutical analytical testing outsourcing by segmenting the market based on product type, solution type, end user and region. All the segments of the pharmaceutical analytical testing outsourcing market have been analyzed based on present and future trends and the market is estimated from 2018 to 2025.

Analytical testing is an important part of the quality management system for pharmaceutical and biopharmaceutical manufacturers. The process is a crucial step in the drug manufacturing process. Analytical testing can be used for the identification, and purification of compounds and impurities, characterization of active pharmaceutical ingredients, stability testing, method development, and validation, etc. Outsourcing of pharmaceutical and biopharmaceutical product analytical testing is gaining momentum as a result of the increasing need to speed up the overall product development and commercialization process along with an increasing number of pipeline products, the need to reduce overall cost, and faster regulatory approvals.

The pharmaceutical analytical testing outsourcing market is majorly driven by an increasing focus on biopharmaceutical and biosimilar testing, growth in new biopharmaceutical development, and increasing adoption of outsourcing activities. Other factors such as increasing investments, growing demand for biosimilar and other new pharmaceutical therapeutics, increasing registrations for clinical trials, and entry of new contract organizations have widely influenced the growth of the pharmaceutical analytical testing outsourcing market. However, regulatory audits and quality approvals may hamper the growth of this market.

Based on product market is segmented into raw materials, active pharmaceutical ingredients and finished products. Active pharmaceutical ingredient product segment is expected to grow at the highest CAGR over the forecast period. This growth is attributed to increasing demand for biosimilars, monoclonal antibodies, generic drugs, etc. for treating various chronic disorders.

Based on services, the global pharmaceutical analytical testing outsourcing market is bifurcated into method development & validation, bioanalytical testing, stability testing, and others. the bioanalytical testing segment is further sub-categorized into non clinical and clinical. The stability testing segment is further split into stability indicating method validation, drug substance, photostability testing, accelerated stability testing, and others. The method development & validation segment is further split into impurity method, technical consulting, extractable & leachable and others. Bioanalytical testing segment accounted for the largest market share in 2018 and the clinical bioanalytical testing segment is expected to grow at the highest CAGR over the forecast period. The stability testing segment is projected to witness highest growth rate over the forecast period.

At the regional level, North America dominated the global pharmaceutical analytical testing outsourcing market in 2018. The strong presence of major biopharmaceutical manufacturers, favorable government support, and increasing research and development of new chemical entities (NCEs), biosimilars, therapeutic peptides, monoclonal antibodies has attributed to the large market share in North America. Europe held second largest revenue share in 2018 owing to availability of ample funds for R&D, growing investments by major players, presence of developed infrastructure for R&D etc. Asia Pacific is projected to register highest CAGR over the forecast period. Presence of major contract research organizations, developed pharmaceutical generics market in emerging countries like China and India is expected to attribute to the high growth over the forecast period.

Key Market Players & Competitive Landscape

Major players included in the report are Intertek Group PLC, SGS SA, Toxikon, Inc., Exova Group PLC, Pharmaceutical Product Development, LLC, Eurofins Scientific, Charles River Laboratories International, Inc., Pace Analytical Services, LLC, West Pharmaceutical Services, Inc., and Boston Analytical, Inc.

The report segment of global pharmaceutical analytical testing outsourcing market as follows:

Global Pharmaceutical Analytical Testing Outsourcing Market: By Product Type

• Raw Materials
• Active Pharmaceutical Ingredients
• Finished Products

Global Pharmaceutical Analytical Testing Outsourcing Market: By Services

• Bioanalytical Testing
  • Clinical
  • Non Clinical
• Method Development & Validation
  • Extractable & Leachable
  • Impurity Method
  • Technical Consulting
  • Others
• Stability Testing
  • Drug Substance
  • Stability Indicating Method Validation
  • Accelerated Stability Testing
  • Photostability Testing
  • Others
• Others

Global Pharmaceutical Analytical Testing Outsourcing Market: By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa