Report ID: SQMIG35C2024
Report ID:
SQMIG35C2024 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|
Tables:
97 |
Figures:
76
Europe dominates the global pharmaceutical analytical testing outsourcing market due to its strong regulatory frameworks, well-established pharmaceutical industry, and extensive infrastructure for drug development and testing. The region has mastered the presence of many pharmaceutical companies and research institutions, which have built a high level of innovation. Ethospa's regional market is further enhanced by Europe's high standards of drug safety and efficacy and the growing appetite for top quality testing services. In addition, lower cost of service delivery through outsourcing, sophisticated bioanalytical methods as well as the concentration of clinical trials in the region make Europe to command the market thus making it the major player in the global pharmaceutical analytical testing outsourcing market.
Asia Pacific is the fastest-growing region in the global pharmaceutical analytical testing outsourcing market due to its rapidly expanding pharmaceutical and biotechnology sectors, cost-effective outsourcing solutions, and a large pool of skilled professionals. The above factors, along with an increase in the number of pharmaceutical companies in the region as evidenced by the rise in competition, enable pharmaceutical companies to cut costs and shorten time-to-market. The growing need for generic drugs, biosimilars, and personalized medicine, the availability of government policies promoting investment in health care in the region, and growth in the region’s technology infrastructure also play a significant role in East Asia’s rapid expansion, making region a major player to the global pharmaceutical analytical testing outsourcing market share.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35C2024