Overview


According to FutureWise analysis the market for analytical laboratory services is expected to reach US$ 20.8 billion by 2031 at a CAGR of 14.90%.

Analytical Laboratory Services refer to a specialized range of scientific and technical services offered by laboratories to analyze and evaluate various types of samples. These services are utilized across multiple industries, including pharmaceuticals, environmental monitoring, food and beverages, manufacturing, research, and more. The primary objective of analytical laboratory services is to provide accurate and reliable data about the composition, quality, characteristics, and properties of substances, materials, or products.

Analytical laboratories are equipped with advanced instruments and techniques that enable the comprehensive examination of samples. These may include complex instruments such as spectrometers, chromatographs, mass spectrometers, microscopes, and more. The analyses conducted in these laboratories help clients make informed decisions, ensure compliance with regulations, troubleshoot issues, maintain product quality, and contribute to research and development efforts. The scope of analytical laboratory services is broad and can encompass chemical, physical, biological, and microbiological analyses. Testing can involve the identification and quantification of elements, compounds, contaminants, pathogens, and other relevant components in a given sample. The results obtained from these analyses often play a crucial role in supporting research, development, quality control, safety assurance, and regulatory compliance across various industries.

FutureWise Market Research has published a report that provides an insightful analysis of Analytical Laboratory Services Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Analytical Laboratory Services Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.
  • Food and Drug Administration
  • European Medicines Agency
  • Federal Institute for Drugs and Medical Devices
  • Agence française de sécurité sanitaire des produits de santé
  • Agenzia Italiana del Farmaco
  • Spanish Medicines and Health Products Agency
  • Central Drugs Standard Control Organization
  • China Food and Drug Administration
  • Pharmaceuticals and Medical Devices Agency

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent developments by key players in the Analytical Laboratory Services Market:

  • In April 2021, SGS SA revealed the successful renaming of SYNLAB Analytics & Services to SGS Analytics. This name change follows the acquisition of a prominent European company specializing in environmental, food, and health sciences testing, as well as tribology services. This acquisition represents a pivotal step in SGS's ongoing expansion and advancement efforts. By aligning with SGS's established expertise, the acquisition facilitates enhanced support for businesses navigating the continuously evolving landscape of regulations. These regulations are crucial for upholding safety standards across sectors such as food, pharmaceuticals, and the environment.

The global analytical laboratory services market is anticipated to witness significant expansion during the upcoming years, driven by several key drivers. The rise of the pharmaceutical and biotechnological industries is set to amplify demand for analytical services, with critical roles in pharmacokinetic testing, batch testing, and microbial testing, all pivotal for drug development and safety assurance. Concurrently, governmental initiatives aimed at bolstering analytical testing capabilities are expected to provide substantial funding and resources, thereby expanding the capacity of analytical laboratories and fostering an increase in market players, ultimately contributing to the market's growth trajectory. Moreover, the rising number of drug approvals and clinical trials within the biopharmaceutical sector fuels the demand for contractual analytical testing, establishing a mutually beneficial relationship between industry expansion and analytical services growth. Notably, the market also presents an opportunity through the burgeoning trend of collaboration among market players, evident in partnerships, agreements, and collaborations that surmount challenges like limited global presence and supply chain complexities while broadening service portfolios. 

However, a notable challenge lies in the high cost associated with establishing advanced analytical laboratories, as the procurement of sophisticated instruments and technology entails substantial upfront investment, potentially restricting market entry for smaller players and acting as a restraint on the market's growth trajectory during the projected timeframe.
 

By Type of Service

  • Bioanalytical Testing
  • Batch Release Testing
  • Stability Testing
  • Raw Material Testing
  • Physical Characterization
  • Method Validation
  • Microbial Testing
  • Environmental Monitoring

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
     

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America is anticipated to maintain its market dominance owing to its significant investments in quality testing, stringent regulatory frameworks, an increasing volume of clinical trials, and the well-established federal testing laboratories operating in the region. Within North America, the analytical laboratory services market is projected to be predominantly led by the United States, driven by the ongoing expansion and enhancement of laboratory infrastructure throughout the nation. This expansion is expected to greatly enhance analytical capacities and solidify the United States' position within the market.
  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth
  • To provide with an exhaustive analysis on the Analytical Laboratory Services Market By Type of Service and By Region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1 . Years Considered for the Study
         3.2 . Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1 . Secondary Data
          1.1.1 . Key Data from Secondary Sources
         1.2 . Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Analytical Laboratory Services Market Variables, Trends and Scope

    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Analytical Laboratory Services Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Analytical Laboratory Services Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Analytical Laboratory Services Market, By Type of Service Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Bioanalytical Testing
        2. Batch Release Testing
        3. Stability Testing
        4. Raw Material Testing
        5. Physical Characterization
        6. Method Validation
        7. Microbial Testing
        8. Environmental Monitoring

  • 8.   North America Analytical Laboratory Services Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 9.   Latin America Analytical Laboratory Services Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 10.   Europe Analytical Laboratory Services Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 11.   Asia Pacific Analytical Laboratory Services Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 12.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 13.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 14.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)

    •   1. Food and Drug Administration
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. European Medicines Agency
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Federal Institute for Drugs and Medical Devices
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Agence française de sécurité sanitaire des produits de santé
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Agenzia Italiana del Farmaco
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Spanish Medicines and Health Products Agency
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7.Central Drugs Standard Control Organization
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. China Food and Drug Administration
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Pharmaceuticals and Medical Devices Agency
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview

  • 15.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 16.   FutureWise SME Key Takeaway Points for Client

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