Asia-Pacific Analytical Laboratory Services report plays very significant role to achieve business growth and success in this competitive market place for ABC industry. Best practice models and research methodologies are implemented in this report to give comprehensive market analysis with accurate market segmentation and insights. This market research report provides important and meaningful market insights for the business by taking into consideration various factors. Asia-Pacific Analytical Laboratory Services market research report provides market data for quite a lot segments such as technologies, services and applications across many geographical areas.
Data Bridge Market Research analyses that the Asia-Pacific analytical laboratory services market is expected to reach a value of USD 3,181.44 million by 2029, at a CAGR of 16.4% during the forecast period. The bioanalytical testing segment accounts for the largest offering segment in the Asia-Pacific analytical laboratory services market. The Asia-Pacific analytical laboratory services market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Market Overview
Analytical laboratory services are concerned with a wide range of chemical and microbiological assays. Analytical laboratory services include method development and validation, sample analysis for concentration confirmation, purity, homogeneity, and stability assays on preliminary formulations and finalized drug products for IND, NDA, and ANDA submissions. Analytical services, also referred to as "materials testing," is used to describe various techniques used to identify the chemical makeup or characteristics of a particular sample. Manufacturers in industries such as pharmaceuticals, food, electronics, and plastics often use analytical testing for reverse engineering or failure analysis and identifying contaminants or stains on products
Recent Developments
- In February 2021, Eurofins Scientific announced that they had acquired Beacon Discovery, preeminent drug discovery and contract research organization (CRO). This will increase the company's access to contract research and will increase its revenue for the company
- In April 2021, SGS SA announced that the company SYNLAB Analytics & Services is now be called SGS Analytics which is due to the acquisition of the leading European environmental, food & health sciences testing and tribology services company. The acquisition will continue growth and innovation by helping businesses to comply with ever increasing regulations designed to ensure food, pharmaceutical, and environmental safety
Some of the major companies providing analytical laboratory services in the Asia-Pacific analytical laboratory services market are WuXiAppTec, Eurofins Scientific, SGS SA, Covance (A Subsidiary of Laboratory Corporation of America Holdings), Intertek Group plc, Charles River Laboratories, ICON plc, Medpace, Q2 Solutions (a subsidiary of IQVIA), Syneos Health, Frontage Labs, TOXIKON, ALS Limited, Evotec SE, Shanghai Medicilon inc., and PPD Inc. (a subsidiary of Thermo Fisher Scientific Inc.).
Competitive Landscape and Analytical Laboratory Services Market Share Analysis
The Asia-Pacific analytical laboratory services market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, and application dominance. The above data points are only related to the companies focus on the Asia-Pacific analytical laboratory services market.
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