The market for healthcare analytical testing services is expected to grow at a CAGR of around 9.4% from 2020 to 2027 and expected to reach the market value of around US$ 20.7 Bn by 2027.
Healthcare Analytical Testing Services provide study or analysis with the help of scientific procedures and governed by a written protocol specifying the materials to be analyzed, the techniques, equipment, and methods used in the analysis, method of mixing and sub-sampling, method of preservation of samples and extracts, analytical sensitivity, the quality assurance/quality control measures, and the documentation necessary to allow another party to repeat the study or analysis. These are used in the healthcare sector for reverse engineering or failure analysis, and identifying contaminants or stains on products.
Market Dynamics
The increasing demand for specialized testing services, the number of clinical trials, and the acceptance of the pharmaceutical Quality by Design (QbD) approach for systematic research and manufacturing are driving the market growth. The increasing outsourcing of analytical testing by pharmaceutical and biotech companies along with the exponential increase in market value is additionally bolstering the market value. The pharmaceutical companies are investing more in the development and approval of biosimilars because biosimilars serve as a cheaper treatment option as compared to biologics is additionally bolstering the market value. The demand for analytical testing services is also gaining growth in the medical devices and combination drugs due to their complexity in usage.
On the other side, the shortage of skilled professionals is expected to restrict the growth over the forecast period from 2020 to 2027.
Segment Instance of Global Healthcare Analytical Testing Services Market
Pharmaceutical & Biopharmaceutical Companies accounted for the maximum revenue
Based on end-user, pharmaceutical & biopharmaceutical companies dominated the global healthcare analytical testing services market with maximum revenue share (%) in 2019. The healthcare analytical testing services market is gaining growth in the pharmaceutical & biopharmaceutical companies due to the requirement of a tremendous amount of analytical testing to support a product from discovery, development, and clinical trials, through manufacturing and marketing.
North America accounted for the maximum revenue share in the global market
In 2019, North America leads the healthcare analytical testing services market due to its advance and well-established healthcare sector. The major economy of the region including the US and Canada are major revenue contributors. The region is also recognized for medical tourism, which is another factor bolstering the regional market value.
Asia Pacific expected to experience maximum growth in the forecast period
Asia Pacific is projected to experience the fastest growth over the forecast period from 2020 to 2027. The emerging economies are supporting the maximum growth of the region. The continuously developing healthcare sector of the region along with the increasing investments in the research and development activities associated with the new and complex devices and drugs are boosting the regional market value. The increasing number of expansions plans of regional as well as major global players in the region due to the presence of major opportunities in further bolstering the regional market value.
Key Market Players
The players profiled in the report include Charles River Laboratories International, Inc., Eurofins Scientific, ICON plc, Intertek Group, LabCorp, Pace Analytical Services, LLC, PPD, Inc., SGS SA, Syneos Health, and Toxikon, Inc. The major players are continuously making possible efforts for the expansion of their market share. Many of them are involved in mergers & acquisitions and partnerships and collaborations as a part of their strategic developments.
Market Segmentation
Market By Type
Bioanalytical Testing Services
Physical Characterization Services
Method Development & Validation Services
Raw Material Testing Services
Batch-release Testing Services
Stability Testing
Microbial Testing Services
Environmental Monitoring Services
Market By End-user
Pharmaceutical & Biopharmaceutical Companies
Contract Research Organizations
Medical Device Companies
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1.Industry Overview of Healthcare Analytical Testing Services
1.1.Definition and Scope
1.1.1.Definition of Healthcare Analytical Testing Services
1.1.2.Market Segmentation
1.1.3.Years Considered for the Study
1.1.4.Assumptions and Acronyms Used
1.1.4.1.Market Assumptions and Market Forecast
1.1.4.2.Acronyms Used in Global Healthcare Analytical Testing Services Market
1.2.Summary
1.2.1.Executive Summary
1.2.2.Healthcare Analytical Testing Services Market By Type
1.2.3.Healthcare Analytical Testing Services Market By End-user
1.2.4.Healthcare Analytical Testing Services Market by Regions
CHAPTER 2.Research Approach
2.1.Methodology
2.1.1.Research Programs
2.1.2.Market Size Estimation
2.1.3.Market Breakdown and Data Triangulation
2.2.Data Source
2.2.1.Secondary Sources
2.2.2.Primary Sources
CHAPTER 3.Market Dynamics And Competition Analysis
3.1.Market Drivers
3.1.1.Driver 1
3.1.2.Driver 2
3.2.Restraints and Challenges
3.2.1.Restrain 1
3.2.2.Restrain 2
3.3.Growth Opportunities
3.3.1.Opportunity 1
3.3.2.Opportunity 2
3.4.Porter’s Five Forces Analysis
3.4.1.Bargaining Power of Suppliers
3.4.2.Bargaining Power of Buyers
3.4.3.Threat of Substitute
3.4.4.Threat of New Entrants
3.4.5.Degree of Competition
3.5.Market Concentration Ratio and Market Maturity Analysis of Healthcare Analytical Testing Services Market
3.5.1.Go To Market Strategy
3.5.1.1.Introduction
3.5.1.2.Growth
3.5.1.3.Maturity
3.5.1.4.Saturation
3.5.1.5.Possible Development
3.6.Technological Roadmap for Healthcare Analytical Testing Services Market
3.7.Value Chain Analysis
3.7.1.List of Key Manufacturers
3.7.2.List of Customers
3.7.3.Level of Integration
3.8.Cost Structure Analysis
3.8.1.Price Trend of Key Raw Materials
3.8.2.Raw Material Suppliers
3.8.3.Proportion of Manufacturing Cost Structure
3.8.3.1.Raw Material
3.8.3.2.Labor Cost
3.8.3.3.Manufacturing Expense
3.9.Regulatory Compliance
3.10.Competitive Landscape, 2019
3.10.1.Player Positioning Analysis
3.10.2.Key Strategies Adopted By Leading Players
CHAPTER 4.Healthcare Analytical Testing Services Market By Type
4.1.Introduction
4.2.Healthcare Analytical Testing Services Revenue By Type
4.2.1.Healthcare Analytical Testing Services Revenue (US$ Mn) and Forecast, By Type, 2016-2027
4.2.2.Bioanalytical Testing Services
4.2.2.1.Bioanalytical Testing Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3.Physical Characterization Services
4.2.3.1.Physical Characterization Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4.Method Development & Validation Services
4.2.4.1.Method Development & Validation Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.5.Raw Material Testing Services
4.2.5.1.Raw Material Testing Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.6.Batch-release Testing Services
4.2.6.1.Batch-release Testing Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.7.Stability Testing
4.2.7.1.Stability Testing Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.8.Microbial Testing Services
4.2.8.1.Microbial Testing Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.9.Environmental Monitoring Services
4.2.9.1.Environmental Monitoring Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5.Healthcare Analytical Testing Services Market Revenue By End-user
5.1.Introduction
5.2.Healthcare Analytical Testing Services Revenue (US$ Mn) By End-user
5.2.1.Healthcare Analytical Testing Services Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
5.2.2.Pharmaceutical & Biopharmaceutical Companies
5.2.2.1.Pharmaceutical & Biopharmaceutical Companies Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3.Contract Research Organizations
5.2.3.1.Contract Research Organizations Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4.Medical Device Companies
5.2.4.1.Medical Device Companies Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6.North America Healthcare Analytical Testing Services Market By Country
6.1.North America Healthcare Analytical Testing Services Overview
6.2.U.S.
6.2.1.U.S. Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
6.2.2.U.S. Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016-2027
6.3.Canada
6.3.1.Canada Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
6.3.2.Canada Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016-2027
6.4.North America PEST Analysis
CHAPTER 7.Europe Healthcare Analytical Testing Services Market By Country
7.1.Europe Healthcare Analytical Testing Services Market Overview
7.2.U.K.
7.2.1.U.K. Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.2.2.U.K. Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016-2027
7.3.Germany
7.3.1.Germany Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.3.2.Germany Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016-2027
7.4.France
7.4.1.France Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.4.2.France Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016-2027
7.5.Spain
7.5.1.Spain Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.5.2.Spain Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016-2027
7.6.Rest of Europe
7.6.1.Rest of Europe Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.6.2.Rest of Europe Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016-2027
7.7.Europe PEST Analysis
CHAPTER 8.Asia Pacific Healthcare Analytical Testing Services Market By Country
8.1.Asia Pacific Healthcare Analytical Testing Services Market Overview
8.2.China
8.2.1.China Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
8.2.2.China Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
8.3.Japan
8.3.1.Japan Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
8.3.2.Japan Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
8.4.India
8.4.1.India Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
8.4.2.India Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
8.5.Australia
8.5.1.Australia Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
8.5.2.Australia Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
8.6.South Korea
8.6.1.South Korea Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
8.6.2.South Korea Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
8.7.Rest of Asia-Pacific
8.7.1.Rest of Asia-Pacific Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
8.7.2.Rest of Asia-Pacific Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
8.8.Asia Pacific PEST Analysis
CHAPTER 9.Latin America Healthcare Analytical Testing Services Market By Country
9.1.Latin America Healthcare Analytical Testing Services Market Overview
9.2.Brazil
9.2.1.Brazil Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.2.2.Brazil Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
9.3.Mexico
9.3.1.Mexico Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.3.2.Mexico Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
9.4.Rest of Latin America
9.4.1.Rest of Latin America Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.4.2.Rest of Latin America Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
9.5.Latin America PEST Analysis
CHAPTER 10.Middle East & Africa Healthcare Analytical Testing Services Market By Country
10.1.Middle East & Africa Healthcare Analytical Testing Services Market Overview
10.2.Saudi Arabia
10.2.1.Saudi Arabia Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.2.Saudi Arabia Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
10.3.UAE
10.3.1.UAE Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.2.UAE Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
10.4.Rest of Middle East & Africa
10.4.1.Rest of Middle East & Africa Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.4.2.Rest of Middle East & Africa Healthcare Analytical Testing Services Market Revenue (US$ Mn) and Forecast By End-user, 2016 - 2027
10.5.Middle East & Africa PEST Analysis
CHAPTER 11.Player Analysis Of Healthcare Analytical Testing Services
11.1.Healthcare Analytical Testing Services Market Company Share Analysis
11.2.Competition Matrix
11.2.1.Competitive Benchmarking of key players by price, presence, market share, and R&D investment
11.2.2.New Product Launches and Product Enhancements
11.2.3.Mergers And Acquisition In Global Healthcare Analytical Testing Services Market
11.2.4.Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 12.COMPANY PROFILE
12.1.Charles River Laboratories
12.1.1.Company Snapshot
12.1.2.Business Overview
12.1.3.Financial Overview
12.1.3.1.Revenue (US$ Mn), 2019
12.1.3.2.Charles River Laboratories 2019 Healthcare Analytical Testing Services Business Regional Distribution
12.1.4.Product/ Service and Specification
12.1.5.Recent Developments & Business Strategy
12.1.6.Manufacturing Plant Footprint Analysis
12.2.International, Inc.
12.3.Eurofins Scientific
12.4.ICON plc
12.5.Intertek Group
12.6.LabCorp
12.7.Pace Analytical Services, LLC
12.8.PPD, Inc.
12.9.SGS SA
12.10.Syneos Health
12.11.Toxikon, Inc.
12.12.Others
