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Trending News: Pharmaceutical Analytical Testing Outsourcing Market with Strategic Trends Growth, Analysis and Forecast 2026

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[email protected] rashipande23

Global pharmaceutical analytical testing outsourcing market is expected to rise to an estimated value of USD 10.42 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the constrained budgets and the need for reducing the R&D expenses as well as manufacturing costs.

Few of the major competitors currently working in the global pharmaceutical analytical testing outsourcing market are SGS SA; TOXIKON; Eurofins Scientific; Pace Analytical Services, LLC; Intertek Group plc; Pharmaceutical Product Development, LLC; Exova; Charles River; Boston Analytical; West Pharmaceutical Services, Inc.; Dalton Pharma Services; Merck KGaA; Cambrex Corporation; WuXi AppTec; Source BioScience; Ajinomoto Bio-Pharma; Catalent, Inc; Gateway Analytical; Alcami Corporation; Aztech Sciences Inc.; Recro Gainesville and Next Breath, a division of AptarGroup Inc.

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Segmentation: Global Pharmaceutical Analytical Testing Outsourcing Market 

Pharmaceutical Analytical Testing Outsourcing Market  : By Service Type

  • Bioanalytical Testing
  • Method Development & Validation
  • Stability Testing
  • Others

Pharmaceutical Analytical Testing Outsourcing Market  : By Product Type

  • Raw Materials
  • Finished Product
  • Active Pharmaceutical Ingredients

Pharmaceutical Analytical Testing Outsourcing Market  : By End-Users

  • Pharmaceutical & Biopharmaceutical Companies
  • Biotechnology Industry

Pharmaceutical Analytical Testing Outsourcing Market  : By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Key Developments in the Pharmaceutical Analytical Testing Outsourcing Market:

  • In April 2019, Charles River announced that they had completed the acquisition of Citoxlab. This acquisition will provide further expansion of geographical stronghold of Charles River due to Citoxlab’s expertise in providing CRO (Contract Research Organization) services to the North America and European region. This acquisition is a strategic step as the trend for outsourcing pharmaceutical and biotechnology services is on the rise.
  • In September 2018, Cambrex Corporation announced that they had completed the acquisition of Halo Pharma, adding formulation development and finished dosage manufacturing capabilities to the Cambrex service portfolio. This acquisition will also help them in providing pharmaceutical, biotech organizations manufacturing and development services.

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Competitive Analysis: Global Pharmaceutical Analytical Testing Outsourcing Market 

Global pharmaceutical analytical testing outsourcing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmaceutical analytical testing outsourcing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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