Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
Healthcare analytical testing services market size, Healthcare analytical testing services market forecast, Healthcare analytical testing services market growth, Healthcare analytical testing services market trends, Healthcare analytical testing services market drivers, Healthcare analytical testing services market segments, Healthcare analytical testing services market analysis, Healthcare analytical testing services market reports, Healthcare analytical testing services market companies
What Will Global Healthcare Analytical Testing Services Market Size and Growth Rate Be in 2025?
The global healthcare analytical testing services market size has seen rapid growth recently. The market is expected to rise from $6.63 billion in 2024 to $7.62 billion in 2025, growing at a compound annual growth rate (CAGR) of 14.9%. This historical growth can be attributed to regulatory compliance, drug development and approval, clinical trials expansion, increasing aging population, and increased cases of chronic diseases.
Looking forward, the healthcare analytical testing services market size is expected to continue its rapid growth and will reach $13.04 billion in 2029 at a CAGR of 14.4%. The significant growth in the forecast period can be attributed to developments in telemedicine and remote monitoring, drug safety and pharmacovigilance, biopharmaceuticals and biosimilars, emerging markets, regulatory stringency, and more.
Get Your Free Sample of The Global Healthcare Analytical Testing Services Market Report:
What is Driving the Growth of the Healthcare Analytical Testing Services Market?
The growth of the healthcare analytical testing services market is mainly driven by the increase in cases of chronic diseases. Chronic diseases are those that persist in humans for more than three months, including arthritis, asthma, cancer, and diabetes. Healthcare analytical testing services are essential for the diagnosis and early treatment of millions of patients suffering from chronic diseases. For instance, according to Firstpost, diabetes cases in India are expected to double to 134 million by 2025. Hence, the increasing prevalence of chronic diseases contributes significantly to driving the growth of the healthcare analytical testing service market.
What Are the Major Segments in the Healthcare Analytical Testing Services Market?
1) By Type: Bioanalytical Testing Services, Physical Characterization Services, Method Development And Validation Testing Services, Raw Material Testing Services, Batch-Release Testing Services, Stability Testing, Microbial Testing Services, Other Types
2) By End User: Pharmaceutical And Biopharmaceutical Companies, Medical Device Companies, Contract Research Organizations
Order your report now for swift delivery:
What Are The Key Players in the Healthcare Analytical Testing Services Market?
Key players operating in the healthcare analytical testing services market include Almac Group, ALS Limited, Anacura Life Sciences, Charles River Laboratories International Inc., Danaher Corporation, Element Materials Technology Group, Eurofins Scientific SE, ICON plc, Impact Analytical Testing Lab, Intertek Group plc, Merck KGaA, Pace Analytical Services LLC, PPD Inc., Sartorius AG, SourceBio International plc, Steris Corporation, Syneos Health Inc., Thermo Fisher Scientific Inc., WuXi AppTec, Analytical Bio-Chemistry (ABC) Laboratories, Avance Biosciences, Avista Pharma Solutions, Avomeen Analytical Services, BioPharma Services Inc., Boston Analytical, Exova, Laboratory Corporation, MedPharm Inc., Micro Quality Labs, Microbac Laboratories, Microbac Laboratories Inc., Nelson Laboratories LLC, Pacific Biolabs Inc., PPD Inc.
What Are The Emerging Trends in the Healthcare Analytical Testing Services Market?
Technological advancement is a key trend gaining popularity in the healthcare analytical testing service market. Major market players are developing innovative technologies to maintain their position in the market. For instance, in April 2022, US-based pharmaceutical company, Charles River Laboratories International Inc., and Valo Health Inc., a US-based drug discovery operating company, launched the Logica platform, an integrated AI-powered drug testing platform that designs drug molecules, synthesizes capabilities, and translates biological testing outputs into optimized preclinical results, all to advance drug discovery and biological testing.
Which Region Leads and Which Region Grows Fast in the Healthcare Analytical Testing Services Market?
North America was the largest region in the healthcare analytical testing services market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. Additionally, the global healthcare analytical testing services market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Healthcare Analytical Testing Services Market Offer?
Healthcare analytical testing service refers to the process of validating procedures used in drug discovery and development, finished products and the detection of microorganisms in biological drugs, suspensions, emulsions. The Healthcare Analytical Testing Services Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
About The Business Research Company
Learn More About the Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
Twitter: https://twitter.com/tbrc_info
Blog: https://blog.tbrc.info
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
