Healthcare Analytical Testing Services Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43753
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The healthcare analytical testing services market has the potential to grow by USD 11.38 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.62%.

This healthcare analytical testing services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (pharmaceutical and biotechnology companies, medical device companies, and CRO) and geography (North America, Europe, Asia, and ROW). The healthcare analytical testing services market report also offers information on several market vendors, including Almac Group Ltd., Charles River Laboratories International Inc., Envigo, Eurofins Scientific SE, Laboratory Corp. of America Holdings, Merck KGaA, SGS SA, STERIS Plc, Thermo Fisher Scientific Inc., and WuXi AppTec Co. Ltd. among others.

What will the Healthcare Analytical Testing Services Market Size be in 2021?

Healthcare-Analytical-Testing-Services-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Healthcare Analytical Testing Services Market

 Get Your FREE Sample Now!

Healthcare Analytical Testing Services Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing demand for analytical testing services from the pharmaceutical and biotechnology sector is notably driving the healthcare analytical testing services market growth, although factors such as changing formulations in product design may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare analytical testing services industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This healthcare analytical testing services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Healthcare Analytical Testing Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Almac Group Ltd.
  • Charles River Laboratories International Inc.
  • Envigo
  • Eurofins Scientific SE
  • Laboratory Corp. of America Holdings
  • Merck KGaA
  • SGS SA
  • STERIS Plc
  • Thermo Fisher Scientific Inc.
  • WuXi AppTec Co. Ltd.

 

The vendor landscape of the healthcare analytical testing services market entails successful business strategies deployed by the vendors. The healthcare analytical testing services market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the healthcare analytical testing services market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Analytical Testing Services Market?

Healthcare-Analytical-Testing-Services-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

46% of the market’s growth will originate from North America during the forecast period. The US is a key market for healthcare analytical testing services in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The growing acceptance of the QbD approach in research and manufacturing will facilitate the healthcare analytical testing services market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating End-user Segments in the Healthcare Analytical Testing Services Market?

Healthcare-Analytical-Testing-Services-Market-Market-Share-by-End-2020-2025

To gain further insights on the market contribution of various segments Request for a FREE sample

The healthcare analytical testing services market share growth by the pharmaceutical and biotechnology companies segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare analytical testing services market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

 

Event-Tickets-Market-Report

Request for a FREE sample

What are the Key Factors Covered in this Healthcare Analytical Testing Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare analytical testing services market growth during the next five years
  • Precise estimation of the healthcare analytical testing services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare analytical testing services market across North America, Europe, Asia, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare analytical testing services market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The healthcare analytical testing services market growth will increase by $3986.44 million during 2019-2024.
The healthcare analytical testing services market is expected to grow at a CAGR of 13.75% during 2019-2024.
Technavio has segmented the healthcare analytical testing services market by end user (Pharmaceutical and biotechnology companies, Medical device companies, and CRO) and geographic (North America, Europe, APAC, South America, and MEA).
Almac Group Ltd., Charles River Laboratories International Inc., Envigo, Eurofins Scientific SE, Laboratory Corp. of America Holdings, Merck KGaA, PPD Inc., SGS SA, STERIS Plc, Thermo Fisher Scientific Inc. are a few of the key vendors in the healthcare analytical testing services market.
North America will register the highest growth rate of 38.57% among the other regions. Therefore, the healthcare analytical testing services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the healthcare analytical testing services market growth are:
  • Increasing demand for analytical testing services from pharmaceutical and biotechnology sector
The healthcare analytical testing services market vendors should focus on grabbing business opportunities from the pharmaceutical and biotechnology companies segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase

Technavio's SUBSCRIPTION platform

Register for a free trial today and gain instant access to 17,000+ market research reports.

START YOUR FREE TRIAL

Enquire Before Buying
  1. Home
  2. Health Care
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>