(PharmaNewsWire.Com, February 17, 2019 ) Global Healthcare Analytical Testing Market valued approximately USD 3 billion in 2017 is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2018-2025. The Healthcare Analytical Testing is developing and expanding at a significant pace. The Healthcare analytical testing services are precisely utilized by the biopharmaceutical, pharmaceutical and medical device manufacturers for offering support to all the stages involved in the drug development process. The drug development process includes discovery through the preclinical and clinical development to commercial manufacturer. The Healthcare analytical testing services market is seeing an shift of focus towards the analytical testing of biosimilars and biologics, escalating outsourcing of the analytical testing by the pharmaceutical organizations, surging acceptance of the Q&D approach in the pharma and research manufacturing along with adoption of FTE contact in the research and development outsourcing are acting as major factors fueling the development and growth of healthcare analytical testing services market considering the global scenario.
On the basis of segmentation, The Healthcare analytical testing services market is segmented into Type and End User. In the Type segment, the bioanalytical testing segment is anticipated to hold the largest share considering the healthcare analytical testing services market. The dominant share of the bioanalytical testing segment could be attributed to surging number of drugs in the biopharmaceutical pipeline & the constant development of biopharmaceutical sector on the globe. Moreover, In the end user segment pharmaceutical & biopharmaceutical companies segment accounted for the dominant share owing to rising outsourcing of the Analytical testing services by the biopharmaceutical and pharmaceutical organizations to boost the profit margins, lower the time required to validate the product & process and avoid high capital expenditure.
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