Editorial, Volume: 9( 2)
3rd International Conference on Pharmaceutical Analysis & Analytical Chemistry
About the U.S. pharmaceutical analytical testing market, 2019 - 2026 (USD Billion) the global pharmaceutical analytical testing outsourcing market size was valued at USD 5.59 billion in 2018. And it is estimated to expand further at a strong CAGR of 8.1% from 2019 to 2026. Increasing demand for biopharmaceuticals, bio-similar, and analytical drugs is projected to be one of the key factors in the market growth. In the last few years, the Market ratio of R&D expense and total revenue has highly increased and is expected to continue growing during the forecast period of Pharma Analysis. In 2018 the Bioanalytical segment held a substantial share of 40.0%.
North America leads the global market in 2018 owing to the presence of top most pharmaceutical companies in the region. Constant development of new pharmaceutical drugs to meet the rising demand for efficient healthcare in North America is anticipated to drive the regional market further Growth of Development.
The Market in Asia Pacific is anticipated to witness the fastest growth over the study period due to rising demand for outsourcing services in the low-cost labor markets. Outsourcing services in this region are typically supported from delivery centers in Indonesia, India and China. China is obtaining popularity as a delivery location for on-shore clients and off-shore clients that are based out of Japan.
As maintained by the National Institute for Health Research, the news found that the Association of the British Pharmaceutical Industry (ABPI) financed around Euro 4.1 billion on research and development activities for innovating new drugs mainly for rare genetic diseases, dementia and cancer, in the United Kingdom in January 2019
The Clinical bioanalytical testing services Market is extending to be the largest service segment over the forecast period. Increasing number of clinical trial enrolment and entry of new contract pharma companies are the factors responsible for the segment growth. North America lead the global pharmaceutical analytical testing outsourcing market in 2018 due to government support and Powerful presence of key pharmaceutical outsourcing companies.
Some of the key companies in the market are SGS SA; Intertek (It is One of the largest growing company. For Pharmaceutical Analysis 2019 Conference one of the Keynote Speaker “Gyorgy Vas” Business Technical Scientific Liasion Company Intertek Pharmaceutical Services) Group PLC; Toxikon, Inc.; Exova Group PLC, Eurofins Scientific; Pharmaceutical Product Development, LLC; Pace Analytical Services, LLC; Charles River Laboratories International, Inc.; Boston Analytical, Inc.; Pharmaceutical Product Development, LLC; and West Pharmaceutical Services, Inc.
Innovation in the pharmaceutical industry brings success to pharma companies and new options for patients with new treatments and therapies. However, these often come with new or additional analytical testing requirements. Many of the pharmaceutical companies lack the instruments, experience, knowledge, or personnel to perform such testing; therefore, many analytical processes began to be outsourced to conduct Research & development. These services gained much traction during the time and grew incredibly, which supported the global pharmaceutical analytical testing outsourcing market in significant ways.
Pharmaceutical Analytical Testing Outsourcing Market Services Outlook (Revenue, USD Billion, 2015 - 2026)
Bioanalytical Testing: Clinical, Non Clinical
Method Development & Validation: Extractable & Leachable, Impurity Method, Technical Consulting.
Stability Testing: Stability Indicating Method Validation, Drug Substance, Accelerated Stability Testing, Photostability Testing.Stability Testing: Stability Indicating Method Validation, Drug Substance, Accelerated Stability Testing, Photostability Testing.
Pharmaceutical Analytical Testing Outsourcing Market Regional Outlook (Revenue, USD Billion, 2015 - 2026)
North America: U.S, Canada
Europe: Germany, U.K, France, Italy, Spain,
Asia Pacific: China, Japan, India, Thailand, South Korea,
Latin America: Brazil, Mexico, Colombia,
Middle East & Africa: South Africa, Saudi Arabia, UAE
Pharmaceutical analytical services market is mainly Operate by innovation in the pharmaceutical industry, end-user volume, safety & quality, swelling focus on regulation, and pricing as well. The various categories of these tests that are outsourced include method development & validation, bioanalytical tests, and stability testing.
Pharmaceutical analytical testing outsourcing services play a vital role in the progress of drug and its manufacturing process. Also, it helps in providing information about the Raw materials safety and quality and finished products. The market players also perform validation services & method development to provide pharmaceutical Industries, companies with a complete plan of tests with a unproblematic experience.
Some pharmaceutical analytical tests play a vital for the introduction of the product for the further phase of research. Consequently their method development & validation is also expected to cause higher reliability & maintain proof of the results. With the Increasing growth of outsourcing of testing processes, an auxiliary growth also is observed. These components are now enormously taking the global pharmaceutical analytical testing market.
U.S. pharmaceutical analytical testing outsourcing-market size, 2015 - 2026 (USD Billion)