Overview:
Healthcare testing services are developed and designed in the laboratories. These services are required at every stage, such as clinical, preclinical, and manufacturing, during the research & development and pharmaceutical production. Healthcare testing services are often used to test raw materials to perform process quality control (IPQC) of dosage forms and finished products. Moreover, these services help verify the safety, stability, potency, and efficacy of the medical product before releasing them into the market. Healthcare testing laboratories provide a variety of services to ensure the safety of the medical product, such as stability testing, microbiological testing, chemical testing, toxicology testing, and others.
Global healthcare testing services market is estimated to be valued at US$ 5430.2 million in 2021 and is expected to exhibit a CAGR of 5.1% over the forecast period (2021-2028).
To Get More Business Strategies Sample Copy of Report @ https://www.coherentmarketinsights.com/insight/request-sample/4844
Drivers:
Increasing government grants to develop test kits is expected to augment the global healthcare testing services market growth. For instance, in March 2020, Roche Diagnostics India received the license for conducting coronavirus tests, after approval from drug regulator DCGI (the Drug Controller General of India), making it the first firm to get permission. The development comes after Indian Council of Medical Research (ICMR) permitted accredited private labs to conduct tests for COVID-19 to enhance capacity for diagnosis and detection of novel coronavirus.
Moreover, increase in development of healthcare testing services and increase in research and development activities are expected to boost the growth of the global healthcare testing services market. For instance, in March 2020, National Jewish Health today developed a COVID-19 diagnostic test and established an Acute Respiratory Clinic for suspected & confirmed COVID-19 patients. It is designed to provide an option for people with suspected COVID-19 infection or those with acute respiratory illnesses.
Furthermore, introduction of novel services by market players is expected to propel the growth of the global healthcare testing services market. For instance, in June 2019, Parexel announced the launch of enhanced integrated outsourcing delivery model for Functional Service Provider (FSP) services. Parexel FSP reflects the company’s strategic focus on offering patient-focused customer solutions tailored to the changing needs of its biopharma customers, from full service to functional to a hybrid approach.
Restraints:
High cost of healthcare testing services and price fluctuations are some major factors expected to hinder growth of the global healthcare testing services market.
COVID-19 Impact:
Outbreak of COVID-19 has had a severe impact on almost every businesses across all sectors. The pandemic affected the entire supply chain of the healthcare industry due to strict lockdown enforced by many governments to curb the spread of the virus. The pandemic had a positive impact on the growth of the healthcare testing services market.
The emergence of new methods for testing and validation of kits and drugs used to detect the COVID-19 virus has increased the use of healthcare testing services. Moreover, the demand for drug development and diagnostic testing kits has increased significantly due to the outbreak of COVID-19, which in turn has also increased the use of testing services.
Inquire More Or Share Questions If Any Before The Purchase On This Report @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/4844
Players in the market, such as Almac Group is supporting research of biotech, pharmaceutical, and research institutes by offering wide range of services such as clinical trial manufacturing, expedited Interactive Response Technology support, analytical services, and other services for COVID-19 treatment.
Competitive landscape:
Major players involved in the global healthcare testing services market are Pfizer Inc., SGS SA, Parexel International Corporation, National Jewish Health, Roche Diagnostics India, Lasa Supergenerics Ltd, Predictive Laboratories, Alcami Corporation Inc., Perfectus Biomed, PCI Pharma Services, ZYUS Life Sciences Inc., Moderna Inc., ADPEN Laboratories, Inc., Intertek Group plc, Element Materials Technology Ltd., DYNALABS LLC., ARL Bio Pharma, Inc., Microbac Laboratories, Inc., Eurofins Scientific, and Consumer Product Testing Company.
Purchase This Premium Report With Flat USD 2000 OFF @ https://www.coherentmarketinsights.com/promo/buynow/4844
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service Type
- Market Snippet, By Product Type
- Market Snippet, By Development Stage
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Industry Trends
- Acquisition and Collaboration Scenario
- PEST Analysis
- Regulatory Scenario
- Market Trends
- Market Dynamics
- Global Healthcare Testing Services Market – Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- Impact on Clinical Trials and Drug Development
- Government Initiatives
- Global Healthcare Testing Services Market, By Service Type, 2021 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Chemical Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Microbiological Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Toxicology Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Stability Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Introduction
- Global Healthcare Testing Services Market, By Product Type, 2021 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Anti-viral Drugs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- HIV Drugs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Fertility Drugs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Anti-diabetic Drugs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Respiratory Drugs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Anticoagulants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Medical Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Pharmaceutical Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Introduction
- Global Healthcare Testing Services Market, By Development Stage, 2021 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Preclinical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Clinical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Introduction
- Global Healthcare Testing Services Market, By End User, 2021 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Pharmaceutical Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Contract Research Organization
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn.)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/healthcare-testing-services-market-4112
About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Contact Us:
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
Phone: U.S.: +1-206-701-6702
U.K.: +44-020-8133-4027
JAPAN: +81-50-5539-1737
INDIA: +91-848-285-0837