Pharmaceutical Analytical Testing Outsourcing Market Undertakes Strapping Growth by 2020 with Eurofins Scientific, Intertek Group, Exova, Charles River, Boston Analytical, Dalton Pharma Services, Gateway Analytical
Global Pharmaceutical Analytical Testing Outsourcing Market report brings into light key market dynamics of the sector. It provides guidelines about planning of advertising and sales promotion efforts. The market report is a professional yet exhaustive study on the current state for the market. This world class market research report is a vital document in planning business objectives or goals. The credible market report is a window to the industry which talks about what market definition, classifications, applications, engagements and market trends are. While formulating this Pharmaceutical Analytical Testing Outsourcing Market analysis report, client business competence is understood adeptly to identify tangible growth opportunities.
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The wide ranging Pharmaceutical Analytical Testing Outsourcing Market report evaluates CAGR value fluctuation during the forecast period of 2021-2028 for the market. All the data of research and analysis are mapped in an actionable model, with strategic recommendations from the experts. Base year for calculation in the report is considered as 2020 while the historic year is 2019 which will tell how the Pharmaceutical Analytical Testing Outsourcing Market is going to act upon in the forecast years by giving information about the several market insights. Lastly, the large scale report makes some important proposals for a new project of the market before evaluating its feasibility.
Global pharmaceutical analytical testing outsourcing market is expected to rise to an estimated value of USD 10.42 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the constrained budgets and the need for reducing the R&D expenses as well as manufacturing costs.
Few of the major competitors currently working in the global pharmaceutical analytical testing outsourcing market are SGS SA; TOXIKON; Eurofins Scientific; Pace Analytical Services, LLC; Intertek Group plc; Pharmaceutical Product Development, LLC; Exova; Charles River; Boston Analytical; West Pharmaceutical Services, Inc.; Dalton Pharma Services; Merck KGaA; Cambrex Corporation; WuXi AppTec; Source BioScience; Ajinomoto Bio-Pharma; Catalent, Inc; Gateway Analytical; Alcami Corporation; Aztech Sciences Inc.; Recro Gainesville and Next Breath, a division of AptarGroup Inc.
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Market Definition: Global Pharmaceutical Analytical Testing Outsourcing Market
Pharmaceutical analytical testing outsourcing is the constitution of services from the manufacturing, testing and validating the pharmaceuticals and therapeutics. This involves validating pharmaceutical ingredient, compounds, manufacturing methods required for the development of these drugs. These outsourcing services are provided by specialized manufacturing organizations that are solely focused on outsourcing of these activities.
Segmentation: Global Pharmaceutical Analytical Testing Outsourcing Market
Pharmaceutical Analytical Testing Outsourcing Market : By Service Type
- Bioanalytical Testing
- Method Development & Validation
- Stability Testing
Pharmaceutical Analytical Testing Outsourcing Market : By Product Type
- Raw Materials
- Finished Product
- Active Pharmaceutical Ingredients
Pharmaceutical Analytical Testing Outsourcing Market : By End-Users
- Pharmaceutical & Biopharmaceutical Companies
- Biotechnology Industry
Pharmaceutical Analytical Testing Outsourcing Market : By Geography
- North America
- South America
- Middle East and Africa
Key Developments in the Pharmaceutical Analytical Testing Outsourcing Market:
- In April 2019, Charles River announced that they had completed the acquisition of Citoxlab. This acquisition will provide further expansion of geographical stronghold of Charles River due to Citoxlab’s expertise in providing CRO (Contract Research Organization) services to the North America and European region. This acquisition is a strategic step as the trend for outsourcing pharmaceutical and biotechnology services is on the rise.
- In September 2018, Cambrex Corporation announced that they had completed the acquisition of Halo Pharma, adding formulation development and finished dosage manufacturing capabilities to the Cambrex service portfolio. This acquisition will also help them in providing pharmaceutical, biotech organizations manufacturing and development services.
Pharmaceutical Analytical Testing Outsourcing Market Restraints
- Reliance on performance of unstable outsourced manufacturing organizations; this factor is expected to hamper the market growth
- Concerns regarding privacy/theft of confidential data of manufacturing pharmaceuticals; this factor is expected to restrain the market growth
Competitive Analysis: Global Pharmaceutical Analytical Testing Outsourcing Market
Global pharmaceutical analytical testing outsourcing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmaceutical analytical testing outsourcing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Pharmaceutical Analytical Testing Outsourcing Market Industry Insights
Technological and innovation landscape
Chapter 4: Pharmaceutical Analytical Testing Outsourcing Market, By Region
Chapter 5: Company Profile
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