Pharmaceutical Analytical Testing Outsourcing Market Size, Share, Growth Analysis, By Region - Industry Forecast 2024-2031


Report ID: SQMIG35C2024 | Region: Global | Published Date: October, 2024
Pages: 219 |Tables: 97 |Figures: 76

Pharmaceutical Analytical Testing Outsourcing Market Insights

Global Pharmaceutical Analytical Testing Outsourcing Market size was valued at USD 7.62 billion in 2022 and is poised to grow from USD 8.32 billion in 2023 to USD 15.89 billion by 2031, growing at a CAGR of 8.42% during the forecast period (2024-2031).

The purpose of outsourcing these services is to enhance operational efficiency, reduce costs, and leverage the expertise of specialized laboratories to ensure compliance with regulatory standards and maintain product quality. The pharmaceutical industry is subject to stringent regulatory requirements, and analytical testing plays a vital role in ensuring the safety, efficacy, and quality of pharmaceutical products. However, conducting these tests in-house can be resource-intensive and time-consuming for pharmaceutical companies. Outsourcing analytical testing to specialized laboratories allows them to access state-of-the-art facilities, advanced technologies, and experienced scientists, enabling efficient and accurate analysis of their products. Several factors are driving the growth of the pharmaceutical analytical testing outsourcing market. Firstly, the increasing complexity of pharmaceutical products, including biologics, biosimilars, and personalized medicines, necessitates specialized expertise and advanced analytical techniques. Outsourcing to dedicated laboratories ensures access to the necessary capabilities for comprehensive testing. Secondly, stringent regulatory guidelines imposed by regulatory authorities such as the FDA and EMA require extensive testing and documentation to ensure compliance. Outsourcing analytical testing helps companies navigate these regulatory challenges by leveraging the expertise of laboratories experienced in regulatory compliance.

Despite the advantages of outsourcing, there are certain challenges and restraints to consider. Data security and confidentiality concerns may arise when sharing sensitive information and intellectual property with third-party service providers. Additionally, the lack of control over the testing process and potential delays in communication and coordination can impact project timelines and overall efficiency. Key trends in the pharmaceutical analytical testing outsourcing market include the increasing adoption of advanced technologies such as high-performance liquid chromatography (HPLC), mass spectrometry (MS), and genomics. Additionally, there is a growing emphasis on risk-based approaches, quality by design (QbD) principles, and the implementation of automation and robotics in analytical testing processes. The market presents several opportunities for growth and expansion. The rising number of drug approvals, particularly in biopharmaceuticals and generics, creates a significant demand for analytical testing services. Furthermore, the increasing focus on research and development of novel therapeutics and personalized medicines provides opportunities for outsourcing specialized analytical testing for these innovative products. Additionally, emerging markets in the Asia Pacific and Latin America offer untapped potential due to the growth of the pharmaceutical industry in these regions.

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Pharmaceutical Analytical Testing Outsourcing Market Segmental Analysis

Global Pharmaceutical Analytical Testing Outsourcing Market is segmented by Services, End Use, and region. Based on Services, the market is segmented into 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. Based on End Use, the market is segmented into Pharmaceutical Companies, Biopharmaceutical Companies, Contract Research Organizations. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. 

Analysis By Service Type

The largest segment in the market is raw material testing. Raw materials serve as the foundation of pharmaceutical products, and ensuring their quality and safety is of utmost importance. Raw material testing involves comprehensive analysis to verify the identity, purity, and potency of the ingredients used in drug manufacturing. As the largest segment, raw material testing holds a substantial market share due to its critical role in guaranteeing the overall quality and efficacy of pharmaceutical products. With the increasing complexity of pharmaceutical formulations and regulatory requirements, the demand for raw material testing services has surged. Pharmaceutical companies are increasingly outsourcing these testing activities to specialized analytical laboratories. This trend is driven by several factors, including the need for expertise, cost efficiency, and faster turnaround times.

The fastest growing segment in the market is stability testing. Stability testing plays a vital role in assessing the shelf life and quality of pharmaceutical products over time. It involves subjecting drug formulations to various environmental conditions, such as temperature and humidity, to evaluate their stability, efficacy, and degradation patterns. Stability testing provides crucial information on product expiration dates, storage conditions, and potential formulation improvements. The rapid growth of the stability testing segment can be attributed to several factors. Firstly, stringent regulatory guidelines require extensive stability testing data to ensure the safety and efficacy of pharmaceutical products. Secondly, the increasing complexity of drug formulations, including biologics and novel drug delivery systems, necessitates thorough stability testing to guarantee product integrity. Moreover, outsourcing stability testing enables pharmaceutical companies to access specialized expertise, state-of-the-art facilities, and efficient testing protocols, driving its exponential growth.

Analysis By Application

The largest segment in the pharmaceutical analytical testing outsourcing market is oncology. With a staggering number of cancer cases around the world, the demand for oncology drugs and therapies has surged exponentially. This has resulted in an increased need for comprehensive analytical testing services to ensure the safety, efficacy, and quality of these medications. The oncology segment holds a significant share in the market, accounting for a substantial portion of the revenue. This dominance is driven by several factors. Firstly, the rising prevalence of cancer globally, coupled with the increasing complexity of oncology drugs, has necessitated extensive testing to meet regulatory standards and ensure patient safety. Additionally, the continuous advancements in targeted therapies and personalized medicine have further fueled the demand for analytical testing services specific to oncology.

On the other hand, the fastest growing segment in the pharmaceutical analytical testing outsourcing market is the central nervous system (CNS) disorders segment. The prevalence of CNS disorders such as Alzheimer's disease, Parkinson's disease, and multiple sclerosis has been on the rise globally. This, coupled with an aging population, has created a substantial market opportunity for analytical testing services focused on CNS disorders. The CNS disorders segment is witnessing rapid growth due to various factors. Firstly, there is an urgent need for accurate and reliable testing of drugs targeting CNS disorders to ensure their safety and efficacy. Analytical testing plays a crucial role in assessing drug candidates, determining their bioavailability, and evaluating potential interactions with the central nervous system.

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Pharmaceutical Analytical Testing Outsourcing Market Regional Insights

In the global pharmaceutical analytical testing outsourcing market, one of the dominating regions in North America. North America holds a significant share of the market due to several key factors. Firstly, the region is home to a large number of pharmaceutical companies, including both established players and emerging biotechnology firms. These companies require extensive analytical testing services to ensure the safety, quality, and efficacy of their products. The presence of a robust pharmaceutical industry and a strong focus on regulatory compliance in North America drives the demand for analytical testing outsourcing services. Secondly, North America boasts advanced healthcare infrastructure and a well-established regulatory framework. The stringent regulations set by the U.S. Food and Drug Administration (FDA) and other regulatory authorities necessitate comprehensive analytical testing to comply with regulatory guidelines. Pharmaceutical companies in the region rely on outsourcing partners with expertise in analytical testing to meet regulatory requirements and accelerate the drug development and approval process.

On the other hand, the fastest-growing region in the global pharmaceutical analytical testing outsourcing market is Asia-Pacific. The Asia-Pacific region is experiencing rapid growth due to several factors. Firstly, the region has a large and diverse pharmaceutical industry, with countries like China, India, and Japan playing pivotal roles. These countries are witnessing a surge in contract research organizations (CROs) and contract manufacturing organizations (CMOs), which require extensive analytical testing services to support drug development and manufacturing operations. Secondly, Asia-Pacific offers cost advantages in terms of labor and infrastructure, making it an attractive outsourcing destination for pharmaceutical companies. Many international pharmaceutical companies are leveraging the expertise and capabilities of analytical testing outsourcing providers in the region to optimize costs while maintaining high-quality standards.

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Pharmaceutical Analytical Testing Outsourcing Market Dynamics

Drivers

Increasing Demand for Outsourcing Services

  • One driver propelling the growth of the global pharmaceutical analytical testing outsourcing market is the increasing demand for outsourcing services by pharmaceutical companies. Outsourcing analytical testing services allows pharmaceutical companies to focus on their core competencies, such as drug discovery and development, while leveraging the expertise and specialized infrastructure of contract research organizations (CROs). This enables them to streamline operations, reduce costs, and accelerate time-to-market for new drugs. For example, a pharmaceutical company may outsource analytical testing for quality control purposes, ensuring that its products meet regulatory standards and are safe for consumption.

Rising R&D and Stringent Regulations 

  • The global pharmaceutical industry is experiencing a boom in research and development (R&D) for new drugs and therapies. This surge creates a massive demand for robust analytical testing to ensure product safety and efficacy. However, regulatory bodies are also tightening their grip, mandating stricter testing protocols. These factors combined are pushing pharmaceutical companies to outsource analytical testing to meet both R&D needs and regulatory compliance. 

Restraints

Data Security and Confidentiality Concerns

  • One restraint for the pharmaceutical analytical testing outsourcing market is the concern over data security and confidentiality. Pharmaceutical companies handle sensitive and proprietary information related to drug formulations, manufacturing processes, and clinical trials. Outsourcing analytical testing involves sharing this critical data with external partners, which raises concerns regarding data protection and intellectual property rights. Companies may hesitate to outsource analytical testing due to the risk of data breaches or unauthorized use of their proprietary information. To overcome this restraint, contractual agreements and stringent data security measures need to be in place to ensure the confidentiality and integrity of the shared data.

Skilled Labor Shortage 

  • The quality and reliability of outsourced analytical testing hinges on the expertise of the testing labs. However, the industry faces a shortage of highly skilled professionals trained in advanced analytical techniques. This lack of qualified personnel can limit the capacity and capabilities of contract research organizations (CROs) that pharmaceutical companies rely on for outsourced testing. This can lead to delays, higher costs, and even potential safety concerns if unqualified personnel conduct critical tests. 

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Pharmaceutical Analytical Testing Outsourcing Market Competitive Landscape

The Global Pharmaceutical Analytical Testing Outsourcing Market is characterized by intense competition among key players operating in the industry. The market analysis reveals the presence of several prominent companies striving to enhance their market share and provide comprehensive analytical testing services to pharmaceutical companies. Some of the major players in the pharmaceutical analytical testing outsourcing market have established their strong presence in the market by offering a wide range of analytical testing services, including raw material testing, method development and validation, stability testing, and microbiological testing. They leverage their state-of-the-art laboratories, advanced technologies, and expertise in regulatory compliance to deliver accurate and reliable testing results. These key players also emphasize strategic partnerships, collaborations, and acquisitions to expand their service offerings, global reach, and customer base. Moreover, with the increasing complexities in drug development, quality control, and regulatory requirements, these companies invest heavily in research and development to stay at the forefront of analytical testing capabilities.

Top Player’s Company Profiles 

  • Eurofins Scientific SE 
  • Laboratory Corporation of America Holdings 
  • Charles River Laboratories International, Inc. 
  • WuXi AppTec 
  • SGS SA 
  • PPD, Inc. 
  • Intertek Group plc 
  • Almac Group 
  • Pace Analytical Services, LLC 
  • Source BioScience plc 
  • Syneos Health 
  • BioReliance Corporation 
  • LGC Limited 
  • Pharmaceutical Product Development, LLC 
  • Toxikon Corporation 
  • Avista Pharma Solutions 
  • Harlan Laboratories Ltd 
  • Accutest Laboratories 
  • Neopharm Labs Inc.

Recent Developments

  • In March 2024, LGM Pharma, a contract development and manufacturing organization (CDMO), announced a significant expansion of its analytical testing services (ATS) in March 2024. This included a 50% increase in capacity and a $2 million investment. This upgrade strengthens their internal resources, allowing them to offer clients a more streamlined and efficient solution for both manufacturing and testing. 

  • In August 2023, Eurofins Scientific, a major player in analytical services, partnered with Astellas, a pharmaceutical company, in August 2023. This unique deal involved outsourcing. Eurofins acquired one of Astellas' internal testing facilities, Astellas Analytical Science Laboratories, Inc. This strategic move allows Eurofins to expand its capabilities and potentially attract new clients in the pharmaceutical industry.  

  • In February 2022, The Center for Breakthrough Medicines (CBM) and BioAnalysis LLC (BIA) joined forces through a strategic alliance. This collaboration aims to provide CBM's clients with direct access to BIA's cutting-edge testing capabilities. BIA specializes in advanced testing methods, including the characterization of viral vectors utilizing their proprietary sedimentation velocity Approach to analytical ultracentrifugation. Additionally, BIA offers other advanced biophysical methods and analytics. By leveraging BIA's expertise, CBM can enhance its analytical testing services and offer clients comprehensive solutions for their pharmaceutical development and manufacturing needs. 

Pharmaceutical Analytical Testing Outsourcing Key Market Trends

  • Growing Market Driven by Regulations and Cost Efficiency: The global pharmaceutical analytical testing outsourcing market is flourishing, with a projected CAGR of around 8%. This growth is fueled by stricter regulations demanding rigorous quality and safety testing throughout drug development and manufacturing. Companies, particularly those lacking in-house infrastructure, are increasingly outsourcing these analytical services to save time and costs. 

  • Rising Demand for Specialized Testing: The market sees a surge in demand for testing biosimilars, biopharmaceuticals, and complex analytical drugs. This aligns with the growing focus on R&D in these areas. Additionally, advancements in analytical techniques like hyphenated methods are being adopted to ensure thorough testing. 

  • Evolving Regulatory Landscape: The pharmaceutical industry grapples with ever-changing regulations for in-vivo and in-vitro tests. Contract research organizations (CROs) offering outsourcing services are well-positioned to navigate this complex regulatory environment, providing a valuable advantage to pharmaceutical companies. 

  • Increasing Adoption of Advanced Analytical Techniques: One emerging trend in the pharmaceutical analytical testing outsourcing market is the increasing adoption of advanced analytical techniques. With the development of innovative drug therapies and personalized medicine, there is a growing demand for specialized analytical testing services such as genomics, proteomics, metabolomics, and bioanalytical testing. Outsourcing partners with expertise in these advanced techniques can offer pharmaceutical companies access to cutting-edge technologies and analytical expertise, enabling them to leverage the full potential of their drug candidates. 

Pharmaceutical Analytical Testing Outsourcing Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analyses, The Global Pharmaceutical Analytical Testing Outsourcing Market is witnessing substantial growth and is expected to continue expanding in the coming years. The market analysis highlights several key factors contributing to this growth. Firstly, the increasing complexity and stringent regulatory requirements in the pharmaceutical industry necessitate extensive analytical testing of drug substances, formulations, and finished products. Outsourcing analytical testing services allows pharmaceutical companies to access specialized expertise, advanced technologies, and state-of-the-art laboratories, enabling them to ensure compliance with regulatory standards while focusing on core competencies such as research and development. Moreover, the growing pipeline of novel drug candidates, including biologics and biosimilars, drives the demand for analytical testing services to assess their quality, safety, and efficacy. Additionally, the rising emphasis on cost containment, operational efficiency, and flexibility in the pharmaceutical sector further fuels the outsourcing trend. Outsourcing analytical testing offers cost advantages, reduces capital expenditures, and provides access to a global network of contract research organizations (CROs) and testing laboratories. The market research analysis identifies North America, Europe, and Asia-Pacific as the key regions driving the growth of the pharmaceutical analytical testing outsourcing market, attributed to the presence of a robust pharmaceutical industry, increasing outsourcing activities, and the availability of skilled labor.

Report Metric Details
Market size value in 2022 USD 7.62 billion
Market size value in 2031 USD 15.89 billion
Growth Rate 8.42%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • 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
  • End Use
    • Pharmaceutical Companies, Biopharmaceutical Companies, Contract Research Organizations
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Eurofins Scientific SE 
  • Laboratory Corporation of America Holdings 
  • Charles River Laboratories International, Inc. 
  • WuXi AppTec 
  • SGS SA 
  • PPD, Inc. 
  • Intertek Group plc 
  • Almac Group 
  • Pace Analytical Services, LLC 
  • Source BioScience plc 
  • Syneos Health 
  • BioReliance Corporation 
  • LGC Limited 
  • Pharmaceutical Product Development, LLC 
  • Toxikon Corporation 
  • Avista Pharma Solutions 
  • Harlan Laboratories Ltd 
  • Accutest Laboratories 
  • Neopharm Labs Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Pharmaceutical Analytical Testing Outsourcing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Pharmaceutical Analytical Testing Outsourcing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Pharmaceutical Analytical Testing Outsourcing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pharmaceutical Analytical Testing Outsourcing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pharmaceutical Analytical Testing Outsourcing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Pharmaceutical Analytical Testing Outsourcing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Pharmaceutical Analytical Testing Outsourcing Market size was valued at USD 7.62 billion in 2022 and is poised to grow from USD 8.32 billion in 2023 to USD 15.89 billion by 2031, growing at a CAGR of 8.42% during the forecast period (2024-2031).

The Global Pharmaceutical Analytical Testing Outsourcing Market is characterized by intense competition among key players operating in the industry. The market analysis reveals the presence of several prominent companies striving to enhance their market share and provide comprehensive analytical testing services to pharmaceutical companies. Some of the major players in the pharmaceutical analytical testing outsourcing market have established their strong presence in the market by offering a wide range of analytical testing services, including raw material testing, method development and validation, stability testing, and microbiological testing. They leverage their state-of-the-art laboratories, advanced technologies, and expertise in regulatory compliance to deliver accurate and reliable testing results. These key players also emphasize strategic partnerships, collaborations, and acquisitions to expand their service offerings, global reach, and customer base. Moreover, with the increasing complexities in drug development, quality control, and regulatory requirements, these companies invest heavily in research and development to stay at the forefront of analytical testing capabilities. 'Eurofins Scientific SE ', 'Laboratory Corporation of America Holdings ', 'Charles River Laboratories International, Inc. ', 'WuXi AppTec ', 'SGS SA ', 'PPD, Inc. ', 'Intertek Group plc ', 'Almac Group ', 'Pace Analytical Services, LLC ', 'Source BioScience plc ', 'Syneos Health ', 'BioReliance Corporation ', 'LGC Limited ', 'Pharmaceutical Product Development, LLC ', 'Toxikon Corporation ', 'Avista Pharma Solutions ', 'Harlan Laboratories Ltd ', 'Accutest Laboratories ', 'Neopharm Labs Inc.'

One driver propelling the growth of the global pharmaceutical analytical testing outsourcing market is the increasing demand for outsourcing services by pharmaceutical companies. Outsourcing analytical testing services allows pharmaceutical companies to focus on their core competencies, such as drug discovery and development, while leveraging the expertise and specialized infrastructure of contract research organizations (CROs). This enables them to streamline operations, reduce costs, and accelerate time-to-market for new drugs. For example, a pharmaceutical company may outsource analytical testing for quality control purposes, ensuring that its products meet regulatory standards and are safe for consumption.

In the global pharmaceutical analytical testing outsourcing market, one of the dominating regions in North America. North America holds a significant share of the market due to several key factors. Firstly, the region is home to a large number of pharmaceutical companies, including both established players and emerging biotechnology firms. These companies require extensive analytical testing services to ensure the safety, quality, and efficacy of their products. The presence of a robust pharmaceutical industry and a strong focus on regulatory compliance in North America drives the demand for analytical testing outsourcing services. Secondly, North America boasts advanced healthcare infrastructure and a well-established regulatory framework. The stringent regulations set by the U.S. Food and Drug Administration (FDA) and other regulatory authorities necessitate comprehensive analytical testing to comply with regulatory guidelines. Pharmaceutical companies in the region rely on outsourcing partners with expertise in analytical testing to meet regulatory requirements and accelerate the drug development and approval process.

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