Pharmaceutical Testing Service is often used to identify the chemical composition and molecular structure of each individual substance contained in a medication.
This knowledge provides insight into a drug's performance and safety considerations. Pharmaceutical testing can reveal a pharmaceutical's solubility and can predict the medication's ability to reach a specific target within the body. Testing may even reveal contamination in the manufacturing production process or highlight other, previously unknown risks with the formulation.
Pharmaceutical Testing Services include raw materials testing, in-process and product release testing, finished pharmaceutical products testing and environmental samples, etc. It is mainly used in analytical testing, method development, stability testing and so on, the end users are like pharmaceutical factory, medical institution, government of health department, etc.
According to the new market research report “Pharmaceutical Testing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Pharmaceutical Testing market size is projected to reach USD 6.5 billion by 2030, at a CAGR of 8.6% during the forecast period.
- Global Pharmaceutical Testing MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Pharmaceutical Testing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Pharmaceutical Testing Top10 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Pharmaceutical Testing- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Pharmaceutical Testing include Eurofins, WuXi AppTec, Catalent, Pace Analytical Services, PPD, ALS Pharmaceutical, Element (Exova), SGS, Intertek Group, LabCorp (Covance), etc. In 2023, the global top five players had a share approximately 32.0% in terms of revenue.
In terms of product type, currently Finished Pharmaceutical Products Testing is the largest segment, hold a share of 38.8%.
In terms of product application, currently Analytical Testing is the largest segment, hold a share of 34.3%.
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