San Francisco, California, July 30, 2018 – Technological advanced in medicine and biotechnology are leading Pharmaceutical Analytical Testing Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” reports the various factors boosting the growth of the global pharmaceutical analytical testing services market. Additionally, the report delves into the analysis of various market dynamics, such as opportunities, trends, challenges, and drivers.
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The pharmaceutical industry is moving towards outsourcing highly specialized contract research organizations (CROs) who depict expertise in drug discovery assistance, regulatory compliance, lead identification, clinical data management, consultation, clinical trials, and project management. Pharmaceutical analytical testing is one of the research support services rendered by CROs and contract laboratories to pharmaceutical manufacturers. Toxicological risk assessments, environmental monitoring, clinical and non-clinical bioanalysis, stability testing, method validation, preclinical research, and biological assay development are some of the services under pharmaceutical analytical testing. Outsourcing is expected to become a key trend in this industry, on account need for accuracy and expertise.
This market is also witnessing an increasing need for high-quality analytical testing of biologics. In the recent years, pharmaceutical companies have undertaken significant measures to increase their portfolio of biologics. The increased development of biologics is driven by the growing demand for biologics among patients.
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North America is expected to be a prominent region in the global pharmaceutical analytical testing services market and is driven by familiarity with the regulatory scenario and the presence of well-established outsourcing infrastructure. Asia Pacific is expected to emerge a lucrative regional market ascribed to the rising pool of skilled professionals coupled with lower operating costs.
Key players operating in the global pharmaceutical analytical testing services market are Aptuit, Inc., Pace Analytical Services, Inc., West Pharmaceutical Services, Inc., and ntertek Group plc, among others.