Global Pharmaceutical Testing Services Market Growth (Status and Outlook) 2023-2029

Global Pharmaceutical Testing Services Market Growth (Status and Outlook) 2023-2029

Pharmaceutical Testing Service is often used to identify the chemical composition and molecular structure of each individual substance contained in a medication.

This knowledge provides insight into a drug's performance and safety considerations. Pharmaceutical testing can reveal a pharmaceutical's solubility and can predict the medication's ability to reach a specific target within the body. Testing may even reveal contamination in the manufacturing production process or highlight other, previously unknown risks with the formulation.

Pharmaceutical Testing Services include raw materials testing, in-process and product release testing, finished pharmaceutical products testing and environmental samples, etc. It is mainly used in analytical testing, method development, stability testing and so on, the end users are like pharmaceutical factory, medical institution, government of health department, etc.

LPI (LP Information)' newest research report, the “Pharmaceutical Testing Services Industry Forecast” looks at past sales and reviews total world Pharmaceutical Testing Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Pharmaceutical Testing Services sales for 2023 through 2029. With Pharmaceutical Testing Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pharmaceutical Testing Services industry.

This Insight Report provides a comprehensive analysis of the global Pharmaceutical Testing Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pharmaceutical Testing Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Pharmaceutical Testing Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pharmaceutical Testing Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pharmaceutical Testing Services.

The global Pharmaceutical Testing Services market size is projected to grow from US$ 3398.6 million in 2022 to US$ 7008.4 million in 2029; it is expected to grow at a CAGR of 10.9% from 2023 to 2029.

Eurofins, WuXi AppTec, Pace Analytical Services, Catalent, Envigo, PPD, Element (Exova), ALS Pharmaceutical, Intertek Group, SGS, Boston Analytical and EAG are the key manufacturters of Pharmaceutical Testing Services. Eurofins is the leader of it by 21% market shares.

USA market took up about 39% the global market, while EU and China were about 3%, 8%.

This report presents a comprehensive overview, market shares, and growth opportunities of Pharmaceutical Testing Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Raw Materials Testing
In-Process and Product Release Testing
Finished Pharmaceutical Products Testing
Environmental Samples
Others

Segmentation by application
Analytical Testing
Method Development
Stability Testing

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Eurofins
WuXi AppTec
Pace Analytical Services
Catalent
Envigo
PPD
Element (Exova)
ALS Pharmaceutical
Intertek Group
SGS
Boston Analytical
EAG
DYNALABS
Maxxam
ARLBioPharma
West Pharmaceutical
BioScreen
Microbac
RD Laboratories
Analytical Lab Group
Piramal Pharma Solutions

Please note: The report will take approximately 2 business days to prepare and deliver.