Analytical testing constitutes a key part of pharmaceutical
development from the early stages to commercialization of the dug or
therapy. The process is a key step in drug manufacturing which
includes identification, determination, and purification of a
compound or mixture of compounds. The process also entails
determining the structure of chemical compounds and helps in the
synthesis and characterization of active pharmaceutical ingredients
(APIs). In recent years, pharmaceutical analytical testing
outsourcing services, as a part of contract research organizations,
have begun playing significant role in substituting a large part of
analytical development and testing conducted in-house. The intensify
pressure on pharmaceutical and biopharmaceutical organizations in
rejuvenating their drug pipelines across R&D cost-cutting
measures has propelled the demand for analytical testing outsourcing
services.
The access to real-time analytical results and first-hand
information enable drug manufacturers reduce operating costs and
boost their drug pipelines of innovative drugs. This not only helps
them in the development of powerful therapies but make them
accessible to a wider populations across regions. Meanwhile, they are
left with ample budget for other strategic ventures such as mergers
and consolidations, which furthers their interest in exploring new
revenue streams. Major pharmaceutical analytical services offered by
these outsourcing organizations include method validation, stability,
and quality control testing. In addition, various outsourcing
services also include offering regulatory compliance of current good
manufacturing practice (CGMP)-good laboratory practice (GLP)
guidelines in various regions. This enables pharmaceutical players in
adhering to various regional and global regulatory standards related
to various routine to complex drug research programs.
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The practice wherein a company transfers a portion of its work to an
outside supplier to cut costs is referred to as outsourcing. It is
said to be a cost-saving strategy observed by several companies. In
pharmaceutical industries, in-house laboratory testing might be an
expensive affair. Some resources might also be unavailable.
Therefore, outsourcing is an excellent way that could be employed to
deal with these issues. Analytical testing is an important step in
manufacturing which provides first-hand information to the
manufacturer, therefore reducing the operating cost. It is also often
outsourced.
The global pharmaceutical analytical testing outsourcing market is
expected to experience rapid growth during the forecast period due to
the swiftly developing pharmaceuticals market, increasing demand for
biosimilars & biopharmaceutical products as well as for
analytical drugs, and the rising number of products in the pipeline.
Furthermore, improved efficiency in testing, reduced cost, quicker &
reliable results, and data safety are other factors propelling the
global market. However, quality approvals and regulatory audits
conducted in outsourcing laboratories could hinder the global
pharmaceutical analytical testing outsourcing market during the
forecast period.
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The global pharmaceutical analytical testing outsourcing market can
be divided based on product type into the following segments: raw
materials, finished products, and active pharmaceutical ingredients.
Active pharmaceutical ingredients are likely to register a
significant growth rate in the global market due to the increasing
demand for generics drugs and biosimilars. On the basis of
application, the global analytical testing outsourcing market is
split into the following sections: clinical trials, biological
research, drug discovery, and others. The clinical trials segment is
anticipated to occupy a major share in the global market during the
forecast period due to the rising number of clinical trials and surge
in quality requirement to perform the testing with utmost priority
and excellence. Based on services, the global pharmaceutical
analytical testing outsourcing market can be classified into the
following categories: stability testing, method validation testing,
quality control testing, and others.
Geographically, the global pharmaceutical analytical testing
outsourcing market is distributed over North America, Asia Pacific,
Europe Latin America, and Middle East & Africa. North America
occupies a major share in the global analytical testing outsourcing
market in terms of value, followed by Europe. The factors attributing
to the expansion of the analytical testing outsourcing market in
North America by 2025 include the technological advancements,
extensive research & development facilities, better quality, and
rising demand for drugs & other pharmaceutical products in the
region. The global analytical testing outsourcing market in Asia
Pacific is anticipated to be develop rapidly during the forecast
period owing to the speedy growth in pharmaceutical industries in
India & China, high demand for biopharmaceuticals, immense
investments by established market players in developing countries,
and low-cost proposals in low- and middle-income countries.
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To obtain a significant position in the global pharmaceutical
analytical testing outsourcing market, players employ various
strategies such as geographical expansion, mergers &
acquisitions, alliances, and cost-effective & efficient services.
Key players operating in the global pharmaceutical analytical testing
outsourcing market include Eurofins Scientific, Boston Analytical,
Intertek Group plc, Dalton Pharma Services, Charles River
Laboratories International, Inc, West Pharmaceutical Services, Inc.,
Exova, and Halo Pharma.
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