Global Pharmaceutical Analytical Testing Outsourcing Market Size & Outlook
Global pharmaceutical analytical testing outsourcing market, 2018-2030 (US$M)
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Global pharmaceutical analytical testing outsourcing market highlights
- The global pharmaceutical analytical testing outsourcing market generated a revenue of USD 8,277.1 million in 2023 and is expected to reach USD 14,559.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.4% by 2030.
- In terms of segment, other testing services accounted for a revenue of USD 3,310.4 million in 2023.
- Bioanalytical Testing is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 8,277.1 million |
| Market revenue in 2030 | USD 14,559.2 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Other testing services |
| Fastest growing segment | Bioanalytical Testing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioanalytical Testing, Method Development and Validation, Stability Testing, Other Testing Services |
Other key industry trends
- In terms of revenue, the North America accounted for 53.2% of the global pharmaceutical analytical testing outsourcing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 664.6 million by 2030.
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Pharmaceutical Analytical Testing Outsourcing Market Scope
Pharmaceutical Analytical Testing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global pharmaceutical analytical testing outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical analytical testing outsourcing market will help companies and investors design strategic landscapes.
Other testing services was the largest segment with a revenue share of 39.99% in 2023. Horizon Databook has segmented the Global pharmaceutical analytical testing outsourcing market based on bioanalytical testing, method development and validation, stability testing, other testing services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Pharmaceutical Analytical Testing Outsourcing Services Outlook (Revenue, USD Million, 2018-2030)
- Bioanalytical Testing
- Method Development and Validation
- Stability Testing
- Other Testing Services
- Extractable and leachable
- Material characterization
- Physical testing
- Bioburden testing
- Sterility testing
- Other tests
- Global Pharmaceutical Analytical Testing Outsourcing Therapeutic Areas Outlook (Revenue, USD Million, 2018-2030)
- Cardiology
- Phase
- Preclinical
- Clinical
- Phase
- Oncology
- Phase
- Preclinical
- Clinical
- Phase
- Central Nervous System Conditions
- Phase
- Preclinical
- Clinical
- Phase
- Autoimmune Diseases
- Phase
- Preclinical
- Clinical
- Phase
- Others
- Phase
- Preclinical
- Clinical
- Phase
- Cardiology
- Global Pharmaceutical Analytical Testing Outsourcing Phase Outlook (Revenue, USD Million, 2018-2030)
- Preclinical
- Clinical
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Target buyers of Global pharmaceutical analytical testing outsourcing market databook
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Our clientele includes a mix of pharmaceutical analytical testing outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global pharmaceutical analytical testing outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global pharmaceutical analytical testing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global pharmaceutical analytical testing outsourcing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Pharmaceutical analytical testing outsourcing market size, 2023 (US$M)
Global pharmaceutical analytical testing outsourcing market share, by services, 2023 & 2030 (%, US$M)
Pharmaceutical analytical testing outsourcing market: Opportunity assessment by country
Global pharmaceutical analytical testing outsourcing market, by region, 2023 (US$M)
| Services | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,048.3 | 3,291.5 | 3,521.4 | 3,791.9 | 4,083.2 | 4,400.9 | 4,738.9 | 5,107.6 | 5,510.1 | 5,949.8 | 6,420.7 | 6,927.7 | 7,473.6 | 7.9% |
| Europe | 1,162.8 | 1,269.8 | 1,373.8 | 1,496.1 | 1,629.2 | 1,775.7 | 1,933.7 | 2,107.7 | 2,299.4 | 2,510.9 | 2,739.3 | 2,988.0 | 3,258.8 | 9.1% |
| Asia Pacific | 886.8 | 973.8 | 1,059.5 | 1,160.2 | 1,270.5 | 1,392.6 | 1,525.0 | 1,671.5 | 1,833.8 | 2,013.7 | 2,205.1 | 2,414.1 | 2,642.3 | 9.6% |
| Latin America | 306.4 | 329.5 | 351.1 | 376.5 | 403.8 | 433.5 | 464.9 | 499.1 | 536.2 | 576.7 | 619.1 | 664.5 | 713.1 | 7.4% |
| MEA | 192.8 | 208.2 | 222.5 | 238.9 | 256.2 | 274.5 | 293.4 | 313.3 | 334.3 | 356.4 | 391.4 | 429.7 | 471.5 | 8.0% |
| Overall | 5,597.0 | 6,072.8 | 6,528.2 | 7,063.5 | 7,642.8 | 8,277.1 | 8,955.8 | 9,699.1 | 10,513.9 | 11,407.5 | 12,375.6 | 13,424.0 | 14,559.2 | 8.4% |
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