According to a new market research report published by sheer analytics and insights, “The Pharmaceutical Analytical Testing Outsourcing Market was valued at $6.4 Billion in 2020. Growing at a high CAGR of more than 12.4% between 2021 and 2031, it is estimated to reach $23.1 Billion by 2031", as per the latest market research report titled Pharmaceutical Analytical Testing Outsourcing Market - Global Industry Analysis, size, share, growth, trends and forecast, 2021 – 2031.
Various kinds of innovation in the healthcare industry increased end-users, increased focus on safety, quality, and regulations are the main factors that will help to accelerate the growth of the market during the forecasted period. This market is developing because of the increased competition in the pharmaceutical and biopharmaceutical markets for the diseases specific drugs. Most of the biopharmaceutical manufacturing companies do rely on analytical testing to help and to improve productivity, to provide real-time product quality control, characterize biologics and biosimilar, optimize and monitor the process. These factors will help the market to grow during the forecasted period.
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List of Companies Covered:
SGS SA
Toxikon, Inc.
Eurofins Scientific
Pace Analytical Services, Inc.
Intertek Group Plc
Pharmaceutical Product Development, LLC.
WuXi AppTec, Inc.
Boston Analytical
Charles River Laboratories International, Inc.
West Pharmaceutical Services Inc.
The Global Pharmaceutical Analytical Testing Outsourcing Market Has Been Segmented Into:
Pharmaceutical Analytical Testing Outsourcing Market, By Services
Pharmaceutical Analytical Testing Outsourcing Market, By End-Use
Pharmaceutical Analytical Testing Outsourcing Market, By Region
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