DUBLIN–(BUSINESS WIRE)–The “Pharmaceutical Analytical Testing Outsourcing – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Pharmaceutical Analytical Testing Outsourcing Market to Reach $10.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Pharmaceutical Analytical Testing Outsourcing estimated at US$6.4 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2027, growing at a CAGR of 6.9% over the analysis period 2020-2027.
Bioanalytical Testing, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$3.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Method Development & Validation segment is readjusted to a revised 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 6.4% CAGR
The Pharmaceutical Analytical Testing Outsourcing market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.
Stability Testing Segment to Record 5.8% CAGR
In the global Stability Testing segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$485.6 Million in the year 2020 will reach a projected size of US$723.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027.
Select Competitors (Total 40 Featured):
Bioreliance
Boston Analytical
Charles River Laboratories International, Inc.
Dalton Pharma Services
Eurofins Scientific
Exova
Halo Pharma
Intertek Group PLC
Pace Analytical Services, LLC
Pharmaceutical Product Development, LLC
SGS SA
Toxikon, Inc.
West Pharmaceutical Services, Inc.
WuXi AppTec, Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Pharmaceutical Analytical Testing Outsourcing by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Pharmaceutical Analytical Testing Outsourcing by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
World Current & Future Analysis for Bioanalytical Testing by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Current & Future Analysis for Method Development & Validation by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Current & Future Analysis for Stability Testing by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World Current & Future Analysis for Other Services by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 40
For more information about this report visit https://www.researchandmarkets.com/r/6bqi15
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.comFor E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900