Pharmaceutical Analytical Testing Outsourcing Market Size, Share & Trends Analysis Report By Service (Bioanalytical, Method Development & Validation, Stability Testing), By End-use, By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The global pharmaceutical analytical testing outsourcing market size was exhibited at USD 8.79 billion in 2022 and is projected to hit around USD 19.87 billion by 2032, growing at a CAGR of 8.5% during the forecast period 2023 to 2032.

Pharmaceutical Analytical Testing Outsourcing Market Size, 2023 to 2032

Key Pointers:

  • The other service segment accounted for a revenue share of over 40.9% in 2022.
  • The pharmaceutical companies segment dominated the market for pharmaceutical analytical testing outsourcing and accounted for a revenue share of over 48.11% in 2022.
  • The biopharmaceutical companies segment is expected to witness the fastest CAGR of 8.7% over the forecast.
  • North America dominated the pharmaceutical analytical testing outsourcing market and accounted for the largest revenue share of over 54.9% in 2022
  • Asia Pacific is anticipated to be the fastest-growing regional market from 2023 to 2032 due to the low-cost service offerings by the third-party service providers in the region

Pharmaceutical Analytical Testing Outsourcing Market Report Scope

Report Coverage

Details

Market Size in 2023

USD 9.54 Billion

Market Size by 2032

USD 19.87 Billion

Growth Rate from 2023 to 2032

CAGR of  8.5%

Base year

2022

Forecast period

2023 to 2032

Segments covered

Services, end-use

Regional scope

North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa

Key companies profiled

SGS SA; Labcorp; Eurofins Scientific; Pace Analytical Services, Inc.; Intertek Group Plc; PPD Inc (Thermo Fisher Scientific, Inc); WuXi AppTec; Boston Analytical; Charles River Laboratories; West Pharmaceutical Services Inc.

 

The key factors driving the market are an innovation in the pharmaceutical industry, increasing focus on regulation, safety, and quality, the rising number of end-users, and the pricing benefits of outsourcing. Small and medium-sized pharmaceutical companies do not have the necessary infrastructure to support various types of analytical testing. As a result, outsourcing these processes is the best alternative as it saves time and money. The COVID-19 pandemic has increased the demand for pharmaceuticals. During this crisis, global pharmaceutical analytical testing outsourcing providers played a predominant role in meeting the testing needs of pharmaceutical companies, biotech companies, contract research organizations, and other end users.

These organizations have been actively working towards the development of pharmaceutical samples, APIs, small and large molecules, and other pharmaceutical products. The increase in the number of cases of COVID-19 is expected to improve the demand for these services, which is expected to have a positive impact on the market for pharmaceutical analytical testing outsourcing.

Other factors, such as the increasing need for product safety and quality, along with changing regulations for in vivo and in vitro tests, are also expected to propel the growth of the market for pharmaceutical analytical testing outsourcing. For instance, the government of China issued a notification to upgrade the quality of generic drugs, remove the backlog of drug applications, improve the quality and transparency of the review and approval process, and encourage new drug R&D in line with global development.

The economic benefits associated with outsourcing these services and approvals in the pharmaceutical industry are projected to support market growth. Quicker and more reliable results, data safety, and improved efficiency are some of the key factors favoring the market growth. Innovation or new product development is directly proportional to the demand for testing services. Due to competitive pressures, pricing concerns, and lead-time to market, companies are opting to outsource testing services. According to the Pharma Intelligence Report 2021, the total drugs in the pipeline increased to 18,852 molecules in 2021 from 17,737 molecules in 2020.

An increasing focus on customized care and technological advancements are shortening the product lifecycle, which has resulted in the rapid development of new products. The development of combination products, biosimilar, and other innovative medicines has led to an increase in demand for specific types of tests. Outsourcing services are becoming the most preferable option for many pharma companies to increase operational efficiency, therapeutic expertise, and on-demand services along with the expansion of geographical presence.

As per the WHO, the COVID-19 pandemic has significantly increased the demand for biological medicines like vaccines. As of April 15th, 2022, over 349 vaccines were under development as per the WHO. This is expected to improve the demand for analytical testing services for COVID-19 vaccines under clinical trials. Apart from this, several outsourcing companies have helped the pharma companies in testing drugs for COVID-19. For instance, Eurofins Scientific supported the testing of an investigational COVID-19 vaccine candidate by Johnson & Johnson. Similarly, SGS supported AstraZeneca and the University of Oxford to test the ingredients of their vaccine candidate. These actions by the outsourcing service providers are expected to have a positive impact on the market for pharmaceutical analytical testing outsourcing.

Some of the prominent players in the Pharmaceutical Analytical Testing Outsourcing Market include:

  • SGS SA
  • Labcorp
  • Eurofins Scientific
  • Pace Analytical Services, Inc.
  • Intertek Group Plc
  • PPD Inc. (Thermo Fisher Scientific)
  • WuXi AppTec
  • Boston Analytical
  • Charles River Laboratories
  • West Pharmaceutical Services Inc.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Pharmaceutical Analytical Testing Outsourcing market.

By Services 

  • Bioanalytical
    • Clinical
    • Non-clinical
  • Method Development & Validation
    • Extractable & Leachable
    • Impurity Method
    • Technical Consulting
    • Others
  • Stability Testing
    • Drug Substance
    • Stability Indicating Method Validation
    • Accelerated Stability Testing
    • Photostability Testing
    • Others
  • Others

By End-use 

  • Pharmaceutical Companies
  • Biopharmaceutical Companies
  • Contract Research Organizations

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)
  • Frequently Asked Questions

Frequently Asked Questions

The global pharmaceutical analytical testing outsourcing market size was exhibited at USD 8.79 billion in 2022 and is projected to hit around USD 19.87 billion by 2032

The global pharmaceutical analytical testing outsourcing market is expected to grow at a compound annual growth rate of 8.5% from 2023 to 2032

Some key players operating in the pharmaceutical analytical testing outsourcing market include Labcorp; Intertek Group PLC; SGS SA; Eurofins Scientific; Boston Analytical; Pace Analytical Services, LLC; West Pharmaceutical Services, Inc.; WuXi AppTec; Intertek Group Plc; PPD Inc; and Charles River Laboratories.

Key factors that are driving the pharmaceutical analytical testing outsourcing market growth include increasing demand for analytical drugs, biosimilars, and biopharmaceuticals as well as increasing investments in R&D for pharmaceuticals, rising demand for product safety and quality, and changing regulations for in-vivo and in-vitro tests.

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                       1.1.1 Service
                       1.1.2 Regional Scope
                       1.1.3 Estimates And Forecast Timeline
                   1.2 Research Methodology
                   1.3 Information Procurement
                       1.3.1 Purchased Database
                       1.3.2 Nova one advisor’s Internal Database
                       1.3.3 Secondary Sources
                       1.3.4 Primary Research
                       1.3.5 Details Of Primary Research
                   1.4 Information Or Data Analysis
                       1.4.1 Data Analysis Models
                   1.5 Market Formulation & Validation
                   1.6 Model Details
                       1.6.1 Commodity Flow Analysis (Model 1)
                   1.7 List of Secondary Sources
                   1.8 List of Primary Sources
                   1.9 List of Abbreviations
                   1.10 Objectives
                       1.10.1 Objective - 1
                       1.10.2 Objective - 2
                       1.10.3 Objective - 3
                       1.10.4 Objective - 4
Chapter 2 Executive Summary
                   2.1 Market Outlook
Chapter 3 Pharmaceutical Analytical Testing Outsourcing Market: Variables, Trends, and Scope
                   3.1 Segment Outlook
                   3.2 Market Dynamics
                       3.2.1 Market Driver Analysis
                           3.2.1.1 Increasing Innovation and product development
                           3.2.1.2 Growing demand for Regulation on safety and quality
                           3.2.1.3 Rising End-users volume
                           3.2.1.4 Pricing strategies
                       3.2.2 Market Restraint Analysis
                           3.2.2.1 Data insecurity
                           3.2.2.2 Third-party performance
                   3.3 Penetration & Growth Prospect Mapping
                   3.4 Pharmaceutical Analytical Testing Outsourcing: Market Analysis Tools
                       3.4.1 Porter’s Five Forces Analysis
                       3.4.2 PESTEL Analysis
                       3.4.3 Major Deals & Strategic Alliances Analysis
Chapter 4 COVID-19 Impact
                   4.1.Impact on Pharmaceutical analytical Testing Outsourcing Market
                   4.2 Impact on other related areas
Chapter 5 Pharmaceutical Analytical Testing Outsourcing Market: Service Segment Analysis
                   5.1 Pharmaceutical Analytical Testing Outsourcing: Market Share Analysis, 2023 & 2032
                   5.2 Pharmaceutical Analytical Testing Outsourcing Market: Definition & Scope
                   5.3 Bioanalytical Testing
                       5.3.1 Bioanalytical Testing market, 2020 - 2032
                       5.3.2 Clinical
                           5.3.2.1 Clinical market, 2020 - 2032
                       5.3.3 Non-clinical
                           5.3.3.1 non-clinical market, 2020 - 2032
                   5.4 Method Development & Validation
                       5.4.1 Method Development & Validation market, 2020 - 2032
                       5.4.2 Extractable & Leachable
                           5.4.2.1 Extractable & Leachable market, 2020 - 2032
                       5.4.3 Impurity Method
                           5.4.3.1 Impurity Method market, 2020 - 2032
                       5.4.4 Technical Consulting
                           5.4.4.1 Technical Consulting market, 2020 - 2032
                       5.4.5 Others
                           5.4.5.1 Others market, 2020 - 2032
                   5.5 Stability Testing
                       5.5.1 Stability Testing market, 2020 - 2032
                       5.5.2 Drug Substance
                           5.5.2.1 Drug Substance market, 2020 - 2032
                       5.5.3 Stability Indicating Method Validation
                           5.5.3.1 Stability Indicating Method Validation market, 2020 - 2032
                       5.5.4 Accelerated Stability Testing
                           5.5.4.1 Accelerated Stability Testing market, 2020 - 2032
                       5.5.5 Photostability Testing
                           5.5.5.1 Photostability Testing market, 2020 - 2032
                       5.5.6 Others
                           5.5.6.1 Others market, 2020 - 2032
Chapter 6 Pharmaceutical Analytical Testing Outsourcing Market: End-Use
                   6.1 Pharmaceutical Analytical Testing Outsourcing: Market Share Analysis, 2023 & 2032
                   6.2 Pharmaceutical Companies
                       6.2.1 Pharmaceutical Companies market, 2020 - 2032
                   6.3 Biopharmaceutical Companies
                       6.3.1 Biopharmaceutical Companies market, 2020 - 2032
                   6.4 Contract Research Organizations
                       6.4.1 Contract Research Organisations market, 2020 - 2032
Chapter 7 Pharmaceutical Analytical Testing Outsourcing Market: Regional Analysis
                   7.1 Pharmaceutical Analytical Testing Outsourcing: Market Share Analysis, 2023 & 2032
                   7.2 North America
                       7.2.1 North America Pharmaceutical Analytical Testing Outsourcing market, 2020 - 2032
                       7.2.2 U.S.
                           7.2.2.1 U.S. pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.2.3 Canada
                           7.2.3.1 Canada pharmaceutical analytical testing outsourcing market, 2020 - 2032
                   7.3 Europe
                       7.3.1 Europe pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.3.2 Germany
                           7.3.2.1 Germany pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.3.3 U.K.
                           7.3.3.1 U.K. Pharmaceutical Analytical Testing Outsourcing Market, 2020 - 2032
                       7.3.4 France
                           7.3.4.1 France Pharmaceutical Analytical Testing Outsourcing Market, 2020 - 2032
                       7.3.5 Italy
                           7.3.5.1 Italy Pharmaceutical Analytical Testing Outsourcing Market, 2020 - 2032
                       7.3.6 Spain
                           7.3.6.1 Spain Pharmaceutical Analytical Testing Outsourcing Market, 2020 - 2032
                       7.3.7 Russia
                           7.3.7.1 Russia Pharmaceutical Analytical Testing Outsourcing Market, 2020 - 2032
                       7.3.8 Netherlands
                           7.3.8.1 Netherlands Pharmaceutical Analytical Testing Outsourcing Market, 2020 - 2032
                       7.3.9 Switzerland
                           7.3.9.1 Switzerland Pharmaceutical Analytical Testing Outsourcing Market, 2020 - 2032
                       7.3.10 Turkey
                           7.3.10.1 Turkey Pharmaceutical Analytical Testing Outsourcing Market, 2020 - 2032
                       7.3.11 Sweden
                           7.3.11.1 Sweden Pharmaceutical analytical testing outsourcing market, 2020 - 2032
                   7.4 Asia Pacific
                       7.4.1 Asia Pacific pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.2 China
                           7.4.2.1 China pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.3 Japan
                           7.4.3.1 Japan pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.4 India
                           7.4.4.1 India pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.5 Australia
                           7.4.5.1 Australia pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.6 South Korea
                           7.4.6.1 South Korea pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.7 Indonesia
                           7.4.7.1 Indonesia pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.8 Malaysia
                           7.4.8.1 Malaysia pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.9 Singapore
                           7.4.9.1 Singapore pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.10 Thailand
                           7.4.10.1 Thailand pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.4.11 Taiwan
                           7.4.11.1 Taiwan pharmaceutical analytical testing outsourcing market, 2020 - 2032
                   7.5 Latin America
                       7.5.1 Latin America pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.5.2 Brazil
                           7.5.2.1 Brazil pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.5.3 Mexico
                           7.5.3.1 Mexico pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.5.4 Argentina
                           7.5.4.1 Argentina pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.5.5 Colombia
                           7.5.5.1 Colombia pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.5.6 Chile
                           7.5.6.1 chile pharmaceutical analytical testing outsourcing market, 2020 - 2032
                   7.6 MEA
                       7.6.1 MEA pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.6.2 South Africa
                           7.6.2.1 South Africa pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.6.3 Saudi Arabia
                           7.6.3.1 Saudi Arabia pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.6.4 UAE
                           7.6.4.1 UAE pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.6.5 Egypt
                           7.6.5.1 Egypt pharmaceutical analytical testing outsourcing market, 2020 - 2032
                       7.6.6 Israel
                           7.6.6.1 Israel pharmaceutical analytical testing outsourcing market, 2020 - 2032
                   7.7 Company Profiles
                       7.7.1 SGS SA
                           7.7.1.1 Company overview
                           7.7.1.2 Financial performance
                           7.7.1.3 Service benchmarking
                           7.7.1.4 Strategic Initiatives
                       7.7.2 Labcorp
                           7.7.2.1 Company overview
                           7.7.2.2 Financial Overview
                           7.7.2.3 Service benchmarking
                           7.7.2.4 Strategic Initiatives
                       7.7.3 Eurofins Scientific
                           7.7.3.1 Company overview
                           7.7.3.2 Financial performance
                           7.7.3.3 Service benchmarking
                       7.7.4 Pace Analytical Services LLC
                           7.7.4.1 Company overview
                           7.7.4.2 Financial Overview
                           7.7.4.3 Service benchmarking
                           7.7.4.4 Strategic Initiatives
                       7.7.5 Intertek Group plc
                           7.7.5.1 Company overview
                           7.7.5.2 Financial performance
                           7.7.5.3 Service benchmarking
                           7.7.5.4 Strategic Initiatives
                       7.7.6 PPD Inc (Thermo fisher Scietific, Inc.)
                           7.7.6.1 Company overview
                           7.7.6.2 Financial Overview
                           7.7.6.3 Service benchmarking
                           7.7.6.4 Strategic Initiatives
                       7.7.7 Wuxi AppTec
                           7.7.7.1 Company overview
                           7.7.7.2 Financial Performance
                           7.7.7.3 Service benchmarking
                           7.7.7.4 Strategic Initiatives
                       7.7.8 Boston Analytical
                           7.7.8.1 Company overview
                           7.7.8.2 Financial Overview
                           7.7.8.3 Service benchmarking
                           7.7.8.4 Strategic initiatives
                       7.7.9 Charles River Laboratories
                           7.7.9.1 Company overview
                           7.7.9.2 Financial performance
                           7.7.9.3 Service benchmarking
                           7.7.9.4 Strategic Initiatives
                       7.7.10 West Pharmaceutical Services, Inc
                           7.7.10.1 Company overview
                           7.7.10.2 Financial performance
                           7.7.10.3 Service benchmarking
                           7.7.10.4 Strategic Initiatives

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