Biopharmaceutical Analytical Testing Services Market to witness USD 3.449 Bn revenue expansion through 2023-2027 | North America to Dominate Market Landscape
Forecasts indicate that between 2022 and 2027, the Biopharmaceutical Analytical Testing Services Market would grow at a compound annual growth rate (CAGR) of 12.61%, followed by USD 3.449 billion revenue expansion.Technavio has been monitoring the Biopharmaceutical Analytical Testing Services Market's growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
North America to Dominate Market Landscape
North America is anticipated to contribute 33% of the growth of the global market. Important businesses like Charles River and Catalent are based in North America, and these are what are propelling the market's expansion. These businesses offer a wide range of analytical testing services that address different facets of drug research, production, and discovery. To guarantee safety, quality, and efficacy, the medications must undergo analytical testing in compliance with laws.
Fastest growing topography of the Biopharmaceutical Analytical Testing Services Market
The US and Canada are the main nations in the area because of their robust infrastructure and stable economies, which facilitate the introduction of novel medications and biopharmaceuticals.
Almac Group Ltd., Boston Analytical, Catalent Inc., Charles River Laboratories International Inc., Coriolis Pharma Research GmbH, Curia Inc., Element Materials Technology Group Ltd., Eurofins Scientific SE, ICON plc, Intertek Group Plc, Laboratory Corp. of America Holdings, Merck KGaA, Pace Analytical Services LLC, Parexel International Corp., SGS SA, Solvias AG, STERIS Plc, Thermo Fisher Scientific Inc., Vimta Labs Ltd., and West Pharmaceutical Services Inc. are some of the major market participant making most of the opportunities with a wide range of offerings.
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Biopharmaceutical Analytical Testing Services Market Highlights of the Report for 2023-2027