Eurofins Scientific, Charles River Laboratories and SGS SA are Dominating the Global Analytical Laboratory Services Market in 2020

Global Analytical Laboratory Services Market is expected to grow with the CAGR of 14% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global analytical laboratory services market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased clinical trials and drug approvals owing to favourable market scenario.   

The major players dealing in global analytical laboratory services market are introducing are expanding business, launching new companies, and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced service portfolio.

For instance:

  • In May 2018, Charles River Laboratories announced that they have expanded their business to early discovery setting, offering high-speed pharmacokinetics screening of compounds’ underlying biology to help companies identify small-molecule candidates in U.S and European region. This will increase the contract research services for the company

Eurofins Scientific is the dominating player in global analytical laboratory services market. The other key players existing in the market includes Charles River Laboratories, Medpace, WuXi AppTec, Q2 Solutions (A Subsidiary of IQVIA), SGS SA, SOLVIAS AG, Syneos Health, ICON plc, Central Drugs Standard Control Organization, National Medical Products Administration, Frontage Labs, TOXIKON, BioAgilytix Labs, VxP Pharma, Inc., Pace Analytical Services, LLC, Pharmaceutical Research Associates Inc., ALS Limited, Evotec SE, Intertek Group plc, Pharmaceuticals and Medical Devices Agency, Food Safety and Drug Administration, European Medicines Agency, Federal Institute for Drugs & Medical Devices (BfArM), Agenzia Italiana del Farmaco - AIFA, Spanish Medicines & Health Products Agency, Shanghai Medicilone inc., and Covance (A Subsidiary of Laboratory Corporation of America).

Analytical Laboratory Services Market Eurofins Scientific

Eurofins Scientific founded in 1987, headquartered  in Luxembourg, Germany, and mainly focuses on providing a safer and healthier world, by providing customers with innovative and high-quality laboratory, research and advisory services with creating opportunities for employees and generating

sustainable shareholder value.   


For instance,

  • In February  2021, Eurofins Scientific announced that they have acquired Beacon Discovery, a preeminent drug discovery and contract research organization (CRO). This will increase the company access to contract research and will increase the revenue for the company.

The company has wide presence across Americas, Asia, Europe, Middle East and Africa. The company also has various subsidiary companies such as Eurofins Finance Luxembourg SARL (Germany), Eurofins GSC Finance NV (Germany), Eurofins Analytical & Services Austria GmbH (Austria), among others.

Charles River Laboratories  

Charles River Laboratories headquartered in Massachusetts, U.S. was founded in 1947. The company focuses is engaged in providing essential products and services to pharmaceutical and biotechnological companies, government agencies, leading academic institutions around the globe to provide pace to the research and drug development.

For instance,

  • In February 2018, Charles River announced that they have acquired Michigan firm MPI Research for USD 800 Million, a “contract research organization” that helps pharmaceutical and medical device companies that outsource some research and development. This will increase the company CRO service and will add up to the revenue of the company with a lucrative growth in forecasted period.

The company has wide presence across Americas, Asia, and Europe. The company also have various subsidiary companies such as Charles River Laboratories. Inc (U.S.), Charles River UK Limited (U.K.), Ballardvale C.V (Netherlands) and Charles River Laboratories Holdings SAS (France) among others.

SGS SA

SGS SA, headquartered in Geneva, Switzerland, was founded in 1878.The company focuses on providing most productive services for inspection, verification, testing, and certification which are best in class. The company is mainly focused on Agriculture, food and life.

For instance,

  • In April 2021, SGS SA announced that SYNLAB Analytics & Services will now be known as SGS Analytics, following our acquisition of the leading European environmental, food & health sciences testing and tribology Services Company. This will allow company continue to grow and innovate, helping businesses to comply with ever increasing regulations designed to ensure food, pharmaceutical and environmental safety.

The company has wide presence across North-America, Asia, Europe, Middle East and Africa. The company also have various subsidiary companies such as SGS Automotive Albania, sh P.K (Argentina), SGS Canada Inc (Canada), SGS Egypt Ltd, (Egypt), SGS Belgium N.V, among others.