Healthcare Analytical Testing Services Market Size Worth $ 16.10 Billion By 2032 | CAGR: 10.8%

Healthcare Analytical Testing Services Market Size Worth $ 16.10 Billion By 2032 | CAGR: 10.8%


The global Healthcare Analytical Testing Services market size is expected to reach USD 16.10 billion by 2032, according to a new study by Polaris Market Research. The report “Healthcare Analytical Testing Services Market Share, Size, Trends, Industry Analysis Report, By Type; By End-Use (Pharmaceutical Companies, Medical Device Companies, Biopharmaceutical Companies); By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The healthcare analytical testing services industry is currently undergoing significant expansion, encompassing a diverse array of diagnostic and investigative procedures. These procedures are designed to assess various aspects of patient health, disease conditions, and the effectiveness of treatments. Advanced analytical technologies and other indicators are employed in these services to aid in disease identification, prognosis, and monitoring. This, in turn, facilitates informed clinical decision-making and personalized patient care. Moreover, these services play a vital role in the pharmaceutical and biotechnology sectors by assisting in drug development, evaluating efficacy, and ensuring regulatory compliance throughout preclinical and clinical trials.

Healthcare analytical testing services cover a broad spectrum of applications in healthcare delivery systems, from procedures in hospitals and clinics to specialized assays. These services play a crucial role in improving patient outcomes. As technology continues to advance, new innovations in analytical techniques and data analysis are constantly emerging, leading to the evolution of healthcare analytical testing.

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In recent years, the healthcare analytical testing service market has experienced a rise in demand as a result of technological advancements. This advanced drug testing platform, utilizing AI, aids in drug molecule creation, synthesis capabilities, and DNA-encoded libraries. It effectively transforms biological testing information into enhanced preclinical results, ultimately enhancing drug discovery and biological testing procedures.

Healthcare Analytical Testing Services Market Report Highlights

  • The bioanalytical testing services segment holds a considerable market owing to its wide array of services designed for different drug types.
  • The cell assay segment held significant market share, mainly driven by its wide applications in biomedical research as well as drug-discovery screening.
  • The pharmaceutical companies segment held a significant market share owing to ensuring safety, quality, and effectiveness of pharmaceutical products.
  • The medical devices segment is anticipated to grow at the fastest CAGR owing to its assistance to manufacturers in mitigating different types of product risks, enabling them to deliver high-quality devices to the medical industry.
  • North America led the industry and accounted for a majority of market revenue share owing to its uses in the healthcare sector, including pharmaceutical companies, biopharmaceutical companies and medical device companies.
  • The global key market players include Intertek Group, LabCorp, Pace Analytical Services, LLC, PPD, Inc., SGS SA, Syneos Health, Toxikon, Inc., etc.

Polaris Market Research has segmented the Healthcare Analytical Testing Services market report based on type, end-use and region:

Healthcare Analytical Testing Services, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Bioanalytical Testing Services
  • Pharmacokinetic & Toxicokinetic Testing
  • Immunogenicity & Neutralizing Antibody Testing
  • Biomarker Testing
  • Bioassays
  • Physical Characterization Services
  • Laser Particle Size Analysis
  • Thermal Analysis
  • Optical Characterization
  • Surface Area Analysis
  • Method Development & Validation Services
  • Extractable Method Development & Validation
  • Process Impurity Method Development & Validation
  • Stability-Indicating Method Validation
  • Cleaning Validation
  • Analytical Standard Characterization
  • Technical Consulting
  • Batch-Release Testing Services
  • Dissolution Testing
  • Elemental Impurity Testing
  • Disintegration Testing
  • Hardness Testing
  • Friability Testing
  • Raw Material Testing Services
  • Compendial Testing
  • Container Testing
  • Heavy Metal Testing
  • Water Content Analysis
  • Stability Testing Services
  • Drug Substance Stability Testing
  • Formulation Evaluation Stability Testing
  • Accelerated Stability Testing
  • Photo-stability Testing
  • Forced Degradation Testing
  • Microbial Testing Services
  • Microbial Limit Testing
  • Virology Testing
  • Sterility Testing
  • Endotoxin Testing
  • Preservative Efficacy Testing
  • Genomics Testing Services
  • Others

Healthcare Analytical Testing Services, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Pharmaceutical Companies
  • Medical Device Companies
  • Biopharmaceutical Companies
  • Cosmetics & Nutraceuticals Companies
  • Hospitals and Clinics
  • Forensic Labs

Healthcare Analytical Testing Services, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Healthcare analytical testing services Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 7.06 billion

Revenue forecast in 2032

USD 16.10 billion

CAGR

10.8% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By Type, By End-User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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