Healthcare Analytical Testing Services Market

Healthcare Analytical Testing Services Market Size, Share, Growth Analysis, By Type(Medical Device Analytical Testing Services, Extractable & Leachable), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031


Report ID: UCMIG35D2042 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Healthcare Analytical Testing Services Market Insights

Market Overview:

The global market size for healthcare analytical testing services was worth USD 12.1 billion in 2021 and is predicted to have a compound annual growth rate (CAGR) of 8.3% throughout the forecast period. The growth of the market is primarily driven by the increasing number of clinical trials requiring analytical testing, a rise in outsourcing activities by pharmaceutical companies, and a growing emphasis on biosimilars. The COVID-19 pandemic has also boosted the industry as there has been a rapid development in drugs and therapeutics to prevent the spread of the virus, which has led to a rise in analytical testing services.

Healthcare Analytical Testing Services Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Healthcare Analytical Testing Services was estimated to be valued at US$ XX Mn in 2021.

The Healthcare Analytical Testing Services Market is estimated to grow at a CAGR of XX% by 2028.

The Healthcare Analytical Testing Services Market is segmented on the basis of Type, Regional.

Based on region, the Healthcare Analytical Testing Services Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Healthcare Analytical Testing Services Market are PPD, Inc., ICON plc, LabCorp, Charles River Laboratories International, Inc., Syneos Health, SGS SA, Eurofins Scientific, Pace Analytical Services, LLC, Toxikon, Inc., Intertek Group.

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Healthcare Analytical Testing Services Market

Product ID: UCMIG35D2042

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