UK pharmaceutical analytical testing outsourcing market is estimated to grow at a CAGR of around 7.5% during the forecast period. The factors that influence the market growth include the growing outsourcing services in the pharmaceutical industry in the country, the growing number of pharmaceutical manufacturers in the country and government guidelines related to pharmaceutical analytical testing, and others. Moreover, the growing number of chronic diseases coupled with significant growth in drug discovery in the country further provides ample opportunity for market growth.
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UK market for pharmaceutical analytical testing outsourcing is classified on the basis of product type and services. Based on the product type, the market is further classified into API, raw materials, and finished products. The API segment is projected to have considerable growth during the forecast period. Based on the services, the UK pharmaceutical analytical testing outsourcing market is further segmented into bioanalytical services, stability testing, drug substance, method development & validation, and others. The bioanalytical services segment is projected to have a significant share in the UK pharmaceutical analytical testing outsourcing market.
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Furthermore, the UK pharmaceutical analytical testing outsourcing market is characterized by the presence of several market players that are catering to a wide range of customers across the globe. Some of the key players in the market include Eurofins GSC Lux SARL, Element Materials Technology Group Ltd., ICON plc, Intertek Group plc, SGS SA, and others. These players adopt various strategies to remain competitive in the market and gain a competitive advantage over other players operating in the market. Mergers and acquisitions, product launches, and partnerships and collaborations, and geographical expansion are some of the major activities adopted by the market players.
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)
Company Profiles
Charles River Laboratories International, Inc.
CMIC, Inc.
Cambrex Corp.
Covance Inc.
Eurofins GSC Lux SARL
Element Materials Technology Group Ltd.
ICON plc
Intertek Group plc
SGS SA
WuXiAppTec Co., Ltd.
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