UK pharmaceutical analytical testing outsourcing market is projected to grow at a significant CAGR of around 7.5% during the forecast period (2021-2027). The significant R&D investment in the pharmaceutical sector in the country provide significant growth opportunity to the pharmaceutical analytical testing outsourcing market. As per the Association of British Pharmaceutical Industry, UK spent around 33.2% of total R&D expenditure on the pharmaceutical industry in 2018. The development of UK pharmaceutical industry drives the contract analytical testing services in the country. The drug manufacturer in the country is not willing to spend on expensive machinery, equipment, or a specialized product; thereby hire CROs for the development and testing of drugs.
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Moreover, the involvement of various pharmaceutical companies such as AbbVie, Inc., AstraZeneca, PLC, GlaxoSmithKline, PLC, and Mylan N.V., in the development of drugs in the country further provide significant adoption of pharmaceutical analytical testing outsourcing services in the country. The contract manufacturers are actively taking part in researches in collaboration with large pharmaceutical companies. For instance, in 2017, Lonza AG entered into a strategic partnership with Sanofi S.A. to develop a biologics production facility and completed its acquisition of Capsulgel, an integrated solution provider. This will increase the company’s production capacity that further create significant demand for pharmaceutical analytical testing services.
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
UK Pharmaceutical Analytical Testing Outsourcing Market – Segmentation
By Product type
- API
- Raw Materials
- Finished products
By Services
- Bioanalytical services
- Stability testing
- Drug substance
- Method development & Validation
- Others (Quality Testing)
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
