South east Asia Medical Maintenance Equipment Market, By Type (Bioanalytical Testing Services, Physical Characterization Services, Method Development and Validation Services, Raw Material Testing Services, Batch-Release Testing Services, Stability Testing, Microbial Testing Services, Environmental Monitoring Services), End User (Pharmaceutical and Biopharmaceutical Companies, Medical Device Companies, Contract Research Organizations), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Medical maintenance equipment market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.20% in the forecast period of 2020 to 2027 and is expected to reach USD 10.37 billion by 2027. The growing number of clinical trials will help in escalating the growth of the healthcare analytical testing services market.
Medical maintenance equipments are widely used by manufacturers of pharmaceutical, biopharmaceutical and medical devices to support their drug development throughout the stages. These services support the development of drugs starting from the discovery through clinical development or clinical trials to commercial use.
The growing outsourcing of analytical testing by pharmaceutical companies, focus on analytical testing of biologics and biosimilars, increasing acceptance of the quality-by-design approach in pharma research and manufacturing are some of the factors behind the growth of the healthcare analytical testing services market in the forecast period of 2020 to 2027. On the other hand, the increasing demand for specialized analytical testing services will create several opportunities that will lead to the growth of the healthcare analytical testing services market in the above mentioned period.
Dearth of skilled professionals will act as a restraint to the growth of the healthcare analytical testing services market in the above mentioned period. But, the necessity to improve the sensitivity of bioanalytical methods will act as a challenge to the healthcare analytical testing services market growth.
This medical maintenance equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on healthcare analytical testing services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Medical Maintenance Equipment Market Scope and Market Size
Healthcare analytical testing services market is segmented on the basis of type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the healthcare analytical testing services market is segmented into bioanalytical testing services, physical characterization services, method development and validation services, raw material testing services, batch-release testing services, stability testing, microbial testing services, and environmental monitoring services. Bioanalytical testing services have been further segmented into cell-based assays, virology testing, immunogenicity and neutralizing antibody testing, biomarker testing, pharmacokinetic testing, and other bioanalytical testing services. Physical characterization services have been further segmented into laser particle size analysis, thermal analysis, image analysis, surface area analysis, and other physical characterization services. Method development and validation services have been further segmented into extractable and leachable method development and validation, process impurity method development and validation, stability-indicating method validation, cleaning validation, analytical standard characterization, technical consulting, and other method development and validation services. Batch-release testing services have been further segmented into dissolution testing, elemental impurity testing, disintegration testing, hardness testing, friability testing, and other batch-release testing services. Stability testing have been further segmented into drug substance stability testing, formulation evaluation stability testing, accelerated stability testing, photostability testing, comparative stability testing, and other stability testing services. Microbial testing services have been further segmented into microbial limit testing, sterility testing, endotoxin testing, preservative efficacy testing, water testing, and other microbial testing services. Environmental monitoring services have been further segmented into air testing, wastewater/ETP testing, and other environmental monitoring services.
- On the basis of end user, the healthcare analytical testing services market is segmented into pharmaceutical and biopharmaceutical companies, medical device companies, and contract research organizations.
Medical maintenance equipment Market Country Level Analysis
Medical maintenance equipment market is analysed and market size insights and trends are provided by country, type and end user as referenced above.
The countries covered in the healthcare analytical testing services market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare analytical testing services market because of the increasing health expenditure by patients and rising disposable income of people in the region. Asia-Pacific is estimated to grow in the forecast period of 2020-2027 due to the increasing health expenditure and growing government spending for healthcare analytics and infrastructure.
The country section of the healthcare analytical testing services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Healthcare analytical testing services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare analytical testing services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare analytical testing services market. The data is available for historic period 2010-2019.
Competitive Landscape and Medical Maintenance Equipment Market Share Analysis
Healthcare analytical testing services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to healthcare analytical testing services market.
The major players covered in the healthcare analytical testing services market report are Almac, Element Materials Technology Group Limited, Eurofins Scientific, PPD Development, LP, Source BioScience, Intertek Group plc, Laboratory Corporation of America, BioReliance Corporation, Charles River Laboratories, WuXi AppTec, Anacura, LGC Ltd, Medpace Hldgs, Syneos Health, PRA Health Sciences, STERIS plc, Frontage Labs, Icon, Merck Group KGaA, and PPD, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.