Pharmaceutical Analytical Testing Outsourcing Market Is Likely To Up Demand At A USD 14.6 Billion By 2030
San Francisco, 14 Aug 2024: The Report Pharmaceutical Analytical Testing Outsourcing Market Size, Share & Trends Analysis Report By Service (Bioanalytical Testing, Method Development and Validation, Stability Testing), By End Use, By Region, And Segment Forecasts, 2024 - 2030 The global pharmaceutical analytical testing outsourcing market size was valued at USD 14.6 billion in 2030 and is projected to grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2030. Increasing biological candidate pipelines, rising demand for additional analytical details on drugs, and process development by regulatory agencies are driving market growth. Analytical testing aids in real-time product quality control as well as help optimize and monitor processes, thereby identifying different drugs. Over the years, the number of clinical trials has increased consistently. For instance, in 2021, over 399,525 clinical studies were registered on ClinicalTrial.gov,...