Healthcare Analytical Testing Services Market 2022 Analysis and Forecast To 2026

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MarketsandMarkets Presents
Healthcare Analytical Testing Services Market
worth 9.8 billion by 2026
https//www.marketsandmarkets.com/Market-Reports/h
ealthcare-analytical-testing-services-market-10892
3833.html
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The report "Healthcare Analytical Testing
Services Market by Type (Method Development
Validation, Cell-based Assays, Stability Testing,
Heavy Metal Testing, Thermal Analysis, Cleaning
Validation), End User (Pharmaceutical Companies,
CROs) - Global Forecast to 2026" The healthcare
analytical testing services market is projected
to reach USD 9.8 billion by 2026 from USD 5.6
billion in 2021, at a CAGR of 11.9. Growth in
the market is driven by analytical testing of
biologics and biosimilars, increasing outsourcing
of analytical testing by pharmaceutical
companies, and rising number of clinical trials.
In this report the global healthcare analytical
testing services market is segmented by type, end
user, and region. The healthcare analytical
testing services market exhibited a dip in the
year-on-year growth rate for the first half of
2020 since the COVID-19 outbreak resulted in
decreased drug production in many countries. This
impacted many segments of the analytical testing
market, such as raw material testing and physical
characterization services. However, there has
been a solid recovery in the market from Q3 2020,
fueled by growth in the pharmaceutical industry
in response to the COVID-19 pandemic. In this
report, the global healthcare analytical testing
services market is segmented by type, end user,
and region. Download a PDF Brochure
https//www.marketsandmarkets.com/pdfdownload
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• Objectives of the Study
• To define, describe, analyze, and forecast the
  size of the healthcare analytical testing
  services market on the basis of type, end-user,
  and region.
• To provide detailed information on the major
  factors influencing market growth (drivers,
  restraints, opportunities, and industry-specific
  challenges)
• To strategically analyze the micromarkets1 with
  respect to individual growth trends, prospects,
  and contributions to the overall market
• To forecast the size of the market segments with
  respect to North America, Europe, Asia Pacific,
  Latin America, and Middle East Africa.
• To profile key players and comprehensively
  analyze their service portfolios, market
  positions, and core competencies.
• To track and analyze competitive developments
  such as service launches, expansions,
  partnerships, agreements, collaborations,
  acquisitions and other developments in the
  market.
• To benchmark players within the healthcare
  analytical testing services market using the
  Competitive Leadership Mapping framework which
  analyzes market players on various parameters
  within the broad categories of business and
  service strategy.
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalyst

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The research report categorizes the market into
the following segments and subsegments

By Type Bioanalytical Testing Services Physical
Characterization Services Method Development
Validation Testing Services Raw Material Testing
Services Batch-Release Testing Services Stability
Testing Microbial Testing Services Environmental
Monitoring Services By End User Pharmaceutical
Biopharmaceutical Companies Medical Device
Companies Clinical Research Organizations
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Prominent players in the healthcare analytical
testing services market include Eurofins
Scientific (Luxembourg), Laboratory Corporation
of America Holdings (US), SGS S.A. (Switzerland),
Charles River Laboratories (US), WuXi AppTec Co.
Ltd. (China), PPD, Inc. (US), Element Materials
Technology (UK), Thermo Fisher Scientific (US),
Pace Analytical Services, LLC. (US), Intertek
Group LLC. (UK), Merck KGaA (Germany), Danaher
Corporation (US), Source BioScience (UK), Almac
Group (UK), ICON plc (Ireland), Frontage
Laboratories, Inc. (US), STERIS plc (US),
Sartorius AG (Germany), ALS Life Science (US),
Syneos Health (US), Medpace Holdings, Inc. (US),
Cinven (LGC Limited) (UK), Anacura (Belgium),
Impact Analytical (US), CD BioSciences (US).
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Company Insights
Eurofins Scientific (US) is a leading player in
the healthcare analytical testing services market
and accounted for the largest share of the market
in 2020. The companys services in the healthcare
analytical testing services market quality
control, manufacturing/process validation,
analytical development, microbiology, and other
testing for pharmaceutical and biopharmaceutical
industries. In August 2021, Eurofins Scientific
acquired a CRO, bioskin GmbH (Germany), to
strengthen Eurofins leadership position.
Similarly, in November 2020, the company acquired
Taiyo Techno Research (Japan) to strengthen its
market leadership in Japan. LabCorp (US) is one
of the prominent players in the healthcare
analytical testing services market. The company
operates through two key segmentsLabCorp
Diagnostics (Dx) and LabCorp Drug Development
(DD). Dx is an independent clinical laboratory
business, while the DD segment provides
end-to-end drug development and medical device
companion diagnostic development solutions from
early-stage research to clinical development and
commercial market access. The company provides
healthcare analytical testing service offerings
through its LabCorp Drug Development operating
segment. In June 2019, LabCorps Covance Drug
Development business completed the acquisition of
Envigo, a leading provider of research models and
services to enhance research support for
biopharmaceutical life sciences industries.
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