About Pharmaceutical Analytical Testing Outsourcing
Pharmaceutical analytical testing outsourcing is a testing activity used by the pharmaceutical industry for reducing costs and transferring a portion of work to another supplier as a outsource. The analytical testing outsourcing activity is used in the application of genotoxic impurities, leachables & extractable, elemental impurities, and others along with usage in drug discovery till the final manufacturing.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
West Pharmaceutical Services, Inc. (United States), Pace Analytical Services, LLC (United States), Charles River Laboratories (United States), SGS SA (Switzerland), Intertek Group plc (United Kingdom), Halo Pharma (United States), Eurofins Scientific (Luxembourg), Boston Analytical, Inc. (United States) and TOXIKON (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Pharmaceutical Analytical Testing Outsourcing market by , Application (Genotoxic Impurities, Leachables & Extractables, Elemental Impurities and Others) and Region.
On the basis of geography, the market of Pharmaceutical Analytical Testing Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Bioanalytical Testing will boost the Pharmaceutical Analytical Testing Outsourcing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. High-performance Liquid Chromatography (HPLC) will boost the Pharmaceutical Analytical Testing Outsourcing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Research and Development, Analytical Development and Quality Control Testing in Pharmaceutical Laboratory
Market Growth Drivers:
Need for the Analytical Testing in Laboratories for Decreased Overhead Cost and with Accurate Consultation and Growing Drug Delivery Research and increasing Pharmaceutical Industry
Challenges:
Complexities Involved in Pharmaceutical Analytical Testing Outsourcing
Restraints:
Stringent Regulatory Guidelines on the Pharmaceutical Analytical Testing Outsourcing
Opportunities:
Surging Investment of Government on Pharmaceutical Analytical Testing Outsourcing
On 22nd May 2018, Eurofins Scientific, a global leader in biopharmaceutical products testing services, announces that it has signed an outsourcing agreement with Astellas to outsource one of its internal testing laboratories Astellas Analytical Science Laboratories, Inc. (“ASL”).
Key Target Audience
Pharmaceutical Analytical Testing Outsourcing Industry Associations, Pharmaceutical Analytical Testing Outsourcing Providers, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.