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(Wireless-NewsWire.Com, July 25, 2018 ) The global Pharmaceutical Analytical Testing Outsourcing Market is key part of pharmaceutical development from the early stages to commercialization of the dug or therapy. The process is a key step in drug manufacturing which includes identification, determination, and purification of a compound or mixture of compounds. The process also entails determining the structure of chemical compounds and helps in the synthesis and characterization of active pharmaceutical ingredients (APIs). In recent years, pharmaceutical analytical testing outsourcing services, as a part of contract research organizations, have begun playing significant role in substituting a large part of analytical development and testing conducted in-house.
The global pharmaceutical analytical testing outsourcing market size was valued at USD 4.4 billion in 2015 and is expected to grow with CAGR of +7% over the forecast period.
A major price difference between conducting analytical tests in-house and outsourcing has been observed. Companies may lack the required set-up and expertise to perform every possible test in-house. In addition, there are serval no routine activities that are needed to be performed only once. These include registration stability storage & testing, process & facility validation work, cleaning validations, analytical testing using expensive equipment & method development.
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Some of the key players in this market include SGS SA; Toxikon, Inc.; Eurofins Scientific; Pharmaceutical Product Development, LLC; Intertek Group plc; Pace Analytical Services, LLC; Exova Group plc; Boston Analytical; Charles River Laboratories International Inc.; and West Pharmaceutical Services, Inc. Regional & service portfolio expansions and merger & acquisitions are key strategic undertakings of these players.
Geographically, the global pharmaceutical analytical testing outsourcing market is distributed over North America, Asia Pacific, Europe Latin America, and Middle East & Africa. North America occupies a major share in the global analytical testing outsourcing market in terms of value, followed by Europe. The factors attributing to the expansion of the analytical testing outsourcing market in North America by 2025 include the technological advancements, extensive research & development facilities, better quality, and rising demand for drugs & other pharmaceutical products in the region.
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Table of Content:
Pharmaceutical Analytical Testing Outsourcing Market Research Report 2018-2023
Chapter 1: Pharmaceutical Analytical Testing Outsourcing Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Pharmaceutical Analytical Testing Outsourcing Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Pharmaceutical Analytical Testing Outsourcing Market Forecast
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