Global Analytical Laboratory Services Market is growing with factors such as growing expenditure on drugs and medical devices, government initiatives to strengthen analytical testing capabilities, increasing number of drug approvals and clinical trials, increasing investment in analytical testing by market players.
Rising demand for specialized analytical testing services has propelled the demand of the market. However, limitation analyzing novel complex product have decreased the demand of the market.
Global Analytical Laboratory Services Market Scenario
According to Data Bridge Market Research, the global analytical laboratory services market is growing with Market leader such as Charles River Laboratories which accounts an estimated market share of approximately 17.85% .The Company has gained outstanding sale by providing analytical laboratory services.
- In May, 2018 Charles River Laboratories announced that they have expanded their business to early discovery setting, offering high-speed pharmacokinetics screening of compounds’ underlying biology to help companies identify small-molecule candidates in U.S and European region. This will increase the contract research services for the company
Trends Impacting the Market
Now the question is which other regions SGS SA, Charles Rivers Laboratories, Eurofins Scientific are targeting? Data Bridge Market Research has estimated a large growth in North America region and the market leader are targeting U.S. and Canada to be their next revenue pockets for 2021.
The global analytical laboratory services market is becoming more competitive every year with companies like Covance, Syneos Health, PRA Health sciences, Eurofins Scientifics among others which are the market leaders for analytical laboratory services. The data bridge market research new reports highlight the major growth factors and opportunities in the global analytical laboratory services market.
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New Market Developments in 2021
- In February, 2021 Eurofins Scientific announced that they have acquired Beacon Discovery, a preeminent drug discovery and contract research organization (CRO). This will increase the company access to contract research and will increase the revenue for the company.
- In February, 2021 PRA Health Sciences, Inc. announced that it has entered into a strategic agreement with ICON plc, a provider of outsourced drug and device development and commercialization services to the pharmaceutical, biotechnology and medical device industries leading to acquisition of PRA Health Sciences, Inc. by ICON plc. This acquisition of the company has strengthened its product portfolio leading to increased demand in the market.
Scope of Global Analytical Laboratory Services Market
All country based analysis of global analytical laboratory services is further analyzed based on maximum granularity into further segmentation. On the basis of test type, the global analytical laboratory services market is segmented into bioanalytical testing, batch release testing, method validation, raw material testing, microbial testing, physical characterization, stability testing, and environmental monitoring. On the basis of service type, the global analytical laboratory services market is segmented into hospital-based laboratories, stand-alone laboratories, and clinics-based laboratories. On the basis of method type, the global analytical laboratory services market is segmented into pharmacokinetic testing, biomarker testing, virology testing, cell-based assays, immunogenicity, and serology. On the basis of application, the global analytical laboratory services market is segmented into oncology, infectious-diseases, neurology, gastroenterology, cardiology, and other applications. On the basis of technology, the global analytical laboratory services market is segmented into mass spectroscopy (LC-MS/MS), immunochemistry, UPLC technology, turbulent flow technology, others. On the basis of end user channel, the global analytical laboratory services market is segmented into pharmaceutical and biopharmaceutical companies, contract development and manufacturing organizations, contract research organizations and others.
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Key Pointers Covered in Global Analytical Laboratory Services Market Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of analytical laboratory services market
- Company profiling of top eight players of analytical laboratory services market
Key Market Competitors Covered in the Report
- Charles River Laboratories
- Medpace
- WuXi AppTec
- Eurofins Scientific
- Q2 solutions (A Subsidiary of IQVIA)
- SGS SA
- SOLVIAS AG
- Syneos Health
- ICON plc
- Central Drugs Standard Control Organization
- National Medical Products Administration
- Frontage Labs
- TOXIKON
- BioAgilytix Labs
- VxP Pharma, Inc.
- Pace Analytical Services, LLC
- Pharmaceutical Research Associates Inc.
- ALS Limited
- Evotec SE
- Intertek Group plc
- Pharmaceuticals and Medical Devices Agency
- Food Safety and Drug Administration Department
- European medicines agency
- Federal Institute for Drugs & Medical Devices (BfArM)
- Agenzia Italiana del Farmaco - AIFA
- Spanish Agency for Medicines and Health Products
- Shanghai Medicilone Inc.
- Covance (A Subsidiary of Laboratory Corporation of America)
Above are the key players covered in the report, to know about more and exhaustive list of submental fat treatment companies’, contact us https://www.databridgemarketresearch.com/reports/global-analytical-laboratory-services-market
Research Methodology: Global Analytical Laboratory Services Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Research Laboratories, Professionals
- Supply Side: Manufactures, Service Providers, CRO's
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