Authored By: Sarah
21 Nov 2023

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.

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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.

Technavio's report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.Get a comprehensive report summary describing all the market drivers in our data-backed report that captures the complete market landscape.

Biopharmaceutical Analytical Testing Services Market Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive Biopharmaceutical Analytical Testing Services Market growth during the next five years
  • Precise estimation of the Biopharmaceutical 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 biopharmaceutical analytical testing services industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Biopharmaceutical Analytical Testing Services Market Players
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