A recent report on Healthcare Analytical Testing Market provides a detailed analysis of the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Healthcare Analytical Testing Market Size
Healthcare Analytical Testing Market is valued at USD 4.86 Billion in 2020 and expected to reach USD 11.08 Billion by 2027 with the CAGR of 12.50% over the forecast period.
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Scope of Healthcare Analytical Testing Market
Healthcare analytics is analysis that focuses on offering insights into hospitals management, patient’s records, costs, diagnosis and more. Healthcare analytics helps managers operate better by providing real-time information that can support decisions and deliver actionable insights. Analytic testing is referred to material testing, is use to describe various techniques which are used to identify the chemical makeup or characteristics of a particular sample. The Healthcare analytical testing services are precisely utilized by the biopharmaceutical, pharmaceutical and medical device manufacturers for offering support to all the stages involved in the drug development process.
US healthcare analytical testing market report is segmented on the basis of type, end-user and region & country level. Based upon type, the market is segmented into bioanalytical testing services, physical characterization services, method development and validation, raw material testing, batch release testing services, stability testing and other. Based upon end-user, the market is divided into pharmaceutical and biopharmaceutical companies, medical device companies and contract research organizations.
The regions covered in this Healthcare Analytical Testing market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Healthcare Analytical Testing sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Healthcare Analytical Testing Companies
- lmac Group
- Exova Group
- Eurofins Scientific
- Source BioScience
- Charles River Laboratories
- Intertek Group
- Wuxi PharmaTech
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Healthcare Analytical Testing News:
Exova Group PLC acquired Generational Equity client SL Pharma Labs Inc.
April 10th, 2017; SL Pharma Labs is acquired by Exova Group for an undisclosed price, the acquired company’s M&A advisor said today, in a deal that brings the contract research and development organization under the control of a US testing company.
Rising outsourcing of Analytical Testing by Several Pharmaceutical Companies is Driving the Growth of US Healthcare Analytical Testing Market.
Growing acceptance of quality by design (QbD) approach in pharma manufacturing, increasing demand by pharmaceutical companies, companies providing healthcare analytical services, and high demand of tests required for biosimilar compounds and biologics are some of the major factors driving the market growth. Additionally, the increasing growth biopharmaceutical industry leads to the rising demand for bioanalytical testing. For example; according to U.S. Department of Commerce; more than 30% of the US market for biopharmaceuticals is based in the United States. However, lack of trained and technically sound professionals, pricing competition faced by major players and Inadequate of expertise may hamper the healthcare analytic testing market growth. In spite of that, increased government spending for healthcare analytics and infrastructure may create the number of opportunities for the further growth of the US healthcare analytic testing market.
North America is expected to Dominate the US Healthcare Analytical Testing Market
North America is expected to dominate the US healthcare analytic testing market owing to the rapidly increasing penetration of biopharmaceutical companies in U.S, growing research and development expenditure in this field in this region. Among U.S. industries, the biopharmaceutical industry stands out as a leader in innovation-led development. One of the major characteristic of the U.S. biopharmaceutical industry is that the innovation activities take place across the nation. R&D investments of established and emerging biopharmaceutical companies are geographically dispersed, with a high share of industry-sponsored clinical trial activities and patent activity found across the U.S. In 2014 alone, 21 states had more than 500 biopharmaceutical-related patents issued, and 13 of these had more than 1,000 patents issued. Thus, this reflects the substantial R&D activity taking place in these states. Asia pacific is expecetd to witness a significant growth in the US healthcare analytic testing market owing to the increasing population, demand for bioanalytical testing and increasing technological advancement in biopharmaceuticals in this region.
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Key Benefits for US Healthcare Analytical Testing Market Report:-
US healthcare analytic testing market report covers in depth historical and forecast analysis.
US healthcare analytic testing market research report provides detail information about Market Introduction, Market Summary, US market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
US healthcare analytic testing market report helps to identify opportunities in market place.
US healthcare analytic testing market report covers extensive analysis of emerging trends and competitive landscape.
US Healthcare Analytical Testing Market Segmentation:-
- Bioanalytical Testing Services
- Physical Characterization Services
- Method Development and Validation
- Raw Material Testing
- Batch Release Testing Services
- Stability Testing
- Microbial Testing
- Environmental Monitoring
- Pharmaceutical And Biopharmaceutical Companies
- Medical Device Companies
- Contract Research Organizations
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – US Healthcare Analytical Testing Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. US Healthcare Analytical Testing Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Healthcare Analytical Testing Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – US Healthcare Analytical Testing Market Overview: Quantitative Analysis
4. Chapter – US Healthcare Analytical Testing Market Analysis: Segmentation By Type
5. Chapter – US Healthcare Analytical Testing Market Analysis: Segmentation By Application
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