The purpose of Pharmaceutical Testing is to make sure that new drugs are safe and effective. It is the process of developing new medicines, such as vaccines and antibiotics. A pharmaceutical testing laboratory can conduct several types of tests on the product. It can test the microbial, elemental, and chemical impurities in the product. These tests can be done in a number of ways. The most important aspect of this process is that it involves multiple techniques. In order to ensure that the product is free from impurities, pharmaceutical testing organizations can perform a variety of tests. This helps the companies to avoid costly and time-consuming errors.
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Increasing clinical trials and growing R&D spending is expected to accelerate growth of the global pharmaceutical testing services market during the forecast period. Clinical trials include testing of various medical content and testing equipment. The pharmaceutical testing services provide such requirements of clinical trials or any drug research activity. For instance in July 2020, National Institute of Health (NIH) launched clinical trials network for testing COVID-19 vaccines and other prevention tools.
However, lack of skilled professionals is expected to hinder growth of the global pharmaceutical testing services market during the forecast period.
Impact of COVID-19:
The outbreak of COVID-19 positively impacted growth of the global pharmaceutical testing services market. Initially, the growth of the market was hampered due to lockdown and movement restrictions implemented by countries to curb the virus spread. However, growing cases of COVID-19 increased the demand for testing kits, treatment as well as vaccine development. This further supported growth of the global pharmaceutical testing services market during the pandemic.
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The global pharmaceutical testing services market is expected to grow with a CAGR of 7.15% during the forecast period due to rise in the number of drug approvals across the world. For instance, in December 2021, the U.S. FDA granted approval to AstraZeneca and Amgen’s Tezspire in the U.S. for the add-on maintenance treatment of paediatric patients of age 12 years and older and adult patients with severe asthma.
North America is projected to witness significant growth in the global pharmaceutical testing services market over the forecast period. This is due to presence of top manufacturing hubs of highly reliable, complex, and high-end pharmaceuticals as well as increasing demand for efficient healthcare across the region.
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➡Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region .
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Pharmaceutical Testing Services Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Pharmaceutical Testing Services Industry Impact
Chapter 2 Global Pharmaceutical Testing Services Competition by Types, Applications, and Top Regions and Countries
2.1 Global Pharmaceutical Testing Services (Volume and Value) by Type
2.3 Global Pharmaceutical Testing Services (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Pharmaceutical Testing Services Sales, Consumption, Export, Import by Regions
Chapter 5 North America Pharmaceutical Testing Services Market Analysis
Chapter 6 East Asia Pharmaceutical Testing Services Market Analysis
Chapter 7 Europe Pharmaceutical Testing Services Market Analysis
Chapter 8 South Asia Pharmaceutical Testing Services Market Analysis
Chapter 9 Southeast Asia Pharmaceutical Testing Services Market Analysis
Chapter 10 Middle East Pharmaceutical Testing Services Market Analysis
Chapter 11 Africa Pharmaceutical Testing Services Market Analysis
Chapter 12 Oceania Pharmaceutical Testing Services Market Analysis
Chapter 13 South America Pharmaceutical Testing Services Market Analysis
Chapter 14 Company Profiles and Key Figures in Pharmaceutical Testing Services Business
Chapter 15 Global Pharmaceutical Testing Services Market Forecast (2021-2028)
Chapter 16 Conclusions
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