Healthcare Analytical Testing Services Market Worth 4.13 Billion USD by 2021

PUNE, India, May 30, 2016 /PRNewswire/ --

According to a new market research report "Healthcare Analytical Testing Services Market by Type (Stability, Raw Materials, Method Validation, Microbial, Environmental Monitoring, Bioanalytical Services), by End User (Pharmaceutical Companies, Medical Device Companies) - Global Forecast to 2021", published by MarketsandMarkets, The market witnessed healthy growth during the last decade and is expected to grow at a CAGR of 11.3% between 2016 and 2021 to reach USD 4.13 Billion by 2021.

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Growth in this market can be attributed to factors such as growing demand for analytical services for biologics and large-molecule drugs, increasing outsourcing of analytical testing by pharmaceutical companies, rising demand from the nutraceutical industry, and increasing acceptance of the QbD (Quality by Design) approach in pharmaceutical research/manufacturing.

The global Healthcare Analytical Testing Services Market is segmented based on services, samples, end users, and regions. Based on service types, the market is further segmented into bioanalytical testing, physical characterization, method validation, raw material testing, stability testing, batch-release testing, microbial testing, and environmental monitoring services.

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Based on sample types, the market is further segmented into raw materials, in-process samples, finished products, and environmental samples. On the basis of end users, the global Healthcare Analytical Testing Services Market is segmented into pharmaceutical and biopharmaceutical companies, medical device companies, and contract research organizations. Based on regions, the Healthcare Analytical Testing Services Market is segmented into Europe, North America, Asia-Pacific, and the Rest of the World.