The US pharmaceutical analytical testing outsourcing market is estimated to grow at a CAGR of around 8.1% during the forecast period. The market is mainly driven due to the presence of major global players in the country, significant investment in the pharmaceutical sector, considerable growth in pharmaceutical outsourcing services in the country. Moreover, the significant presence of regulations and standards related to drug safety projected to encourage the demand for analytical outsourcing services in the country.
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The US pharmaceutical analytical testing outsourcing market is classified on the basis of product type and application. 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 application, the US pharmaceutical analytical testing outsourcing market is further segmented into Bioanalytical services, stability testing, drug substance, method development & validation, and others. Among application, the bioanalytical services segment projected to hold considerable market share in the US pharmaceutical analytical testing outsourcing market.
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Furthermore, the US 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 Boston Analytical Inc., Bioanalytical Systems, Inc., Charles River Laboratories International, Inc., CMIC, Inc, Cambrex Corp., Covance Inc., Dalton Pharma Services, 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 launch, and partnerships and collaborations, and geographical expansion are some of the major activities adopted by the market players.
US 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
Boston Analytical Inc.
Bioanalytical Systems, Inc.
Charles River Laboratories International, Inc.
CMIC, Inc.
Cambrex Corp.
Covance Inc.
Dalton Pharma Services
KCAS Bioanalytical Services
NorthEastBioAnalytical Laboratories LLC.
Pace Analytical Services, LLC
Pharmaceutical Product Development, LLC
Toxikon Corp.
VxP Pharma, Inc.
West Pharmaceutical Services, Inc.
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