Pharmaceutical Analytical Testing Outsourcing: Worldwide Market Insights 2019-2026 - Industry Expected to Reach a Value of $10.4 Billion by 2026

Dublin, April 25, 2019 (GLOBE NEWSWIRE) -- The "Pharmaceutical Analytical Testing Outsourcing Market Size, Share & Trends Analysis Report By Service (Bioanalytical, Stability Testing, Method Development & Validation), And Segment Forecasts, 2019 - 2026" report has been added to ResearchAndMarkets.com's offering.

The global pharmaceutical analytical testing outsourcing market size is projected to reach USD 10.4 billion by 2026 expanding at a CAGR of 8.1%.

Focus on the analytical testing of biopharmaceuticals and biosimilars, adoption of Full Time Equivalent Agreements (FTE), and increased outsourcing of analytical testing services to contract pharma companies are propelling the market growth.

Demand for biosimilars and pharmaceutical drugs is expected to increase substantially over the forecast period. Thus, to fulfil the rising demand, key pharmaceutical companies and government bodies are working collaboratively.

For instance, in August 2018, the Swedish government collaborated with GE Healthcare to establish a new innovation center for testing of new discoveries in the pharmaceutical sector.

Major companies may lack the required manufacturing set-up and expertise to carry out in-house testing services. This leads to the outsourcing of in-house work to contract pharmaceutical companies. In addition, several ancillary works, such as registration, storage and testing, process and facility validation, and cleaning validations, are outsourced to remain competitive in the market. These factors will boost the market growth in the years to come.

Further key findings from the study suggest:

• Clinical bioanalytical testing services is projected to be the largest service segment over the forecast period
• Increasing number of clinical trial registrations and entry of new contract pharma companies are the factors responsible for the segment growth
• North America led the global pharmaceutical analytical testing outsourcing market in 2018 due to government support and strong presence of key pharmaceutical outsourcing companies
• Some of the key companies in the market are SGS SA; Intertek Group PLC; Pharmaceutical Product Development, LLC; Toxikon, Inc.; Exova Group PLC, Eurofins Scientific; Pace Analytical Services, LLC; Charles River Laboratories International, Inc.; Boston Analytical, Inc.; and West Pharmaceutical Services, Inc

Key Topics Covered

Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
1.2 Information procurement
1.3 Information analysis
1.4 Market formulation & data visualization
1.5 Data validation & publishing

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights

Chapter 3 Pharmaceutical Analytical Testing Outsourcing Market Variables, Trends & Scope
3.1 Market Lineage outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Product Pipeline Analysis, by Stage
3.4 User perspective analysis
3.5 List of Key End-users, by region / by product / by country
3.6 Regulatory Framework
3.7 Market Dynamics
3.8 Pharmaceutical Analytical Testing Outsourcing: Market Analysis Tools

Chapter 4 Pharmaceutical Analytical Testing Outsourcing Market: Segment Analysis, By Service, 2015 - 2026 (USD Million)
4.1 Definitions & Scope
4.2 Services market share analysis, 2018 & 2026
4.3 Segment Dashboard
4.4 Global Pharmaceutical Analytical Testing Outsourcing Market, by Service, 2015 to 2026
4.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following

Chapter 5 Pharmaceutical Analytical Testing Outsourcing Market: Regional Market Analysis, 2015 - 2026 (USD Million)
5.1 Definitions & Scope
5.2 Regional market share analysis, 2018 & 2026
5.3 Regional Market Dashboard
5.4 Regional Market Snapshot (Market Size, CAGR, Top Verticals, Key Players, Top Trends)
5.5 Regional Market Share and Leading Players, 2018
5.6 SWOT Analysis, by Factor (Political & Legal, Economic And Technological)
5.7 Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 2026:
5.8 North America
5.9 Europe
5.10 Asia Pacific
5.11 Latin America
5.12 Middle East & Africa

Chapter 6 Pharmaceutical Analytical Testing Outsourcing Market - Competitive Analysis
6.1 Recent developments & impact analysis, by key market participants
6.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
6.3 Vendor Landscape
6.4 Public Companies
6.5 Private Companies
6.6 Supplier Ranking
6.7 Key companies profiled
6.7.1 SGS S.A.
6.7.2 Toxikon Inc.
6.7.3 Eurofins Scientific
6.7.4 Pace Analytical Services LLC
6.7.5 Intertek Group PLC
6.7.6 Pharmaceutical Product Development LLC.
6.7.7 Exova Group PLC
6.7.8 Boston Analytical
6.7.9 Charles River Laboratories International Inc.
6.7.10 West Pharmaceutical Services

For more information about this report visit https://www.researchandmarkets.com/r/6nvu22

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

                    CONTACT: ResearchAndMarkets.com
                             Laura Wood, Senior Press Manager
                             press@researchandmarkets.com
                             For 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
                    Related Topics: Pharmaceutical Manufacturing