Global Biopharmaceutical Analytical Testing Services Market

Global Biopharmaceutical Analytical Testing Services Market Size, Share, Growth Analysis, By End-User(Pharma Companies & Biotechnology Companies, CROs) - Industry Forecast 2024-2031

Report ID: SQMIG35H2168 | Region: Global | Published Date: April, 2024
Pages: 249 | Tables: 35 | Figures: 74

Global Biopharmaceutical Analytical Testing Services Market News

  • In May 2022, Verizon business and the leading UK-based health technology company Visionable planned to open a technological center to accelerate the adoption of connected health care technologies for patient monitoring and care.
  • In March 2022, AMCS Group an Irish technology company made some major updates to its product SPRING 22 by adding some new and very helpful features including new cross route optimization designed to automate the unplanned and on-demand orders to the routes. This also enables customers to make online payments through google and apple pay on the go.
  • In January 2021, Curia Inc offers biopharmaceutical analytical testing services that help in performing material identity testing and offers a complete testing solution, under the Curia brand.
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Biopharmaceutical Analytical Testing Services Market size was valued at USD 7.58 Billion in 2019 and is poised to grow from USD 8.06 Billion in 2023 to USD 13.2 Billion by 2031, at a CAGR of 6.36% during the forecast period (2024-2031).

The Global Biopharmaceutical Analytical Testing Services Market is highly competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve Biopharmaceutical Analytical Testing Services Market share and profitability. Some of the major players in the market are OptimoRoute Inc, Alphabet Inc, Wise Systems Inc, and Caliper Corp among others who are driving the Biopharmaceutical Analytical Testing Services Market. 'Eurofins Scientific (Luxembourg) ', 'Charles River Laboratories International, Inc. (US)', 'SGS SA (Switzerland)', 'Merck KGaA (Germany)', 'Lonza Group Ltd. (Switzerland) ', 'PPD, Inc. (US) ', 'WuXi AppTec Co., Ltd. (China)', 'BioReliance Corporation (US)', 'Toxikon Corporation (US)', 'Almac Group (UK)', 'Avista Pharma Solutions (US)', 'Catalent, Inc. (US)', 'Source Bioscience (UK)', 'Intertek Group plc (UK)', 'Envigo (US)', 'ICON plc (Ireland)', 'LGC Limited (UK)', 'Sartorius AG (Germany)', 'Syneos Health (US)', 'Pace Analytical Services, LLC (US)'

One of the key factors for the growth of the biopharmaceutical analytical tests services market is the increase in demand for Methyl Methacrylate Acrylonitrile Butadiene Styrene. The global acrylonitrile methyl methacrylate market is growing as it is used for immunotherapy to boost immune responses for the treatment of diseases. R & D for antibodies for diseases like rheumatoid arthritis and cancers is carried out. Cancer is split at the swelling spot to provide targeted treatments.

The increasing investments in the R&D of the biopharmaceutical analytical testing services market are expected to have a positive influence in the coming years. The overheads on R&D are increased by 3.21% in 2021. Developing countries rising faster than that developed economies suggest that, these are expected to have an increased number of laboratories and research facilities during the forecast period.

In 2021, North America dominated the Biopharmaceutical Analytical Testing Services Market with a market share of more than 30%. The US and Canada are the the largest revenue contributing countries in the region as stable economies and infrastructure support the launch of new biopharmaceuticals. Market growth in this region will be faster than the growth of the Biopharmaceutical Analytical Testing Services Market in the European, MEA, and South American regions. This will facilitate the biopharmaceutical analytical testing services market growth over the forecast period. The Asia Pacific and European regions will witness the highest growth in the near future.

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