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| Report Code: A10913 | Nov 2023 | Pages: NA | ||
| Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Pharmaceutical Analytical Testing Outsourcing Market
Request Now !The development of the pharmaceuticals brought a revolution in human health. These pharmaceuticals would serve their intent only if they are free from impurities and are administered in an appropriate amount. To make drugs serve their purpose various chemical and instrumental methods were developed at regular intervals which are involved in the estimation of drugs. These pharmaceuticals may develop impurities at various stages of their development, transportation and storage which makes the pharmaceutical risky to be administered thus they must be detected and quantitated. For this analytical instrumentation and methods play an important role. Analytical testing helps in providing real-time product quality control along with optimizing and monitoring processes, characterizing biosimilars and biologics, and improving productivity. One of the main reasons for outsourcing analytical testing services is to benefit from skilled and experienced professionals, as well as to access expensive analytical equipment which are not available in-house. Increased development of biologics is also creating a demand for analytical testing services.
Covid-19 Scenario analysis:
"Solidarity” is an international clinical trial to help find an effective treatment for COVID-19, launched by the World Health Organization and partners. The Solidarity Trial will compare four treatment options against standard of care, to assess their relative effectiveness against COVID-19. By enrolling patients in multiple countries, the Solidarity Trial aims to rapidly discover whether any of the drugs slow disease progression or improve survival. Other drugs can be added based on emerging evidence. Until there is sufficient evidence, WHO cautions against physicians and medical associations recommending or administering these unproven treatments to patients with COVID-19 or people self-medicating with them. WHO is concerned by reports of individuals self-medicating with chloroquine and causing themselves serious harm. Thus, the need of pharmaceuticals and drug testing for COVID-19 drugs is going on full-fledged and thus the market of Pharmaceutical analytical testing outsourcing is expected to witness growth.
The contribution of chemistry, pharmacology, microbiology and biochemistry has set a standard in the drug discovery where new drugs are no longer generated only by the imagination of chemists but these new drugs are the outcome of exchange of ideas between biologists and chemists. The process of drug development starts with the innovation of a drug molecule that has showed therapeutic value to battle, control, check or cure diseases. The synthesis and characterization of such molecules which are also called active pharmaceutical ingredients (APIs) and their analysis to create preliminary safety and therapeutic efficacy data are prerequisites to identification of drug candidates for further detailed investigations. The “compound” which is set to become the drug molecule undergoes safety tests and a series of experiments to prove that it is absorbed in the blood stream, distributed to proper site of action in the body, metabolized sufficiently and demonstrates its non-toxicity thus, can be considered safe and successful. Once the compound is finalized the preclinical research i.e. in vitro studies followed by the animal testing to check kinetics, toxicity and carcinogenicity tests are performed. After passing the pre-clinical tests the regulatory authorities grant permission for the clinical trials. The clinical trials check whether the drug is working in the proposed mechanism or not, its optimum dose and schedule while the last two stages generate statistically important data about efficacy, safety and overall benefit–risk association of the drug. In this phase the potential interaction of the drug with other medicines is determined and monitors drug’s long term effectiveness. After a successful completion of the clinical trials, the drugs are launched in the market for patients thus the need for such intricate testing is required to be outsourced and so the need of outsourcing such services during drug development is required by drug manufactures and so the market of Pharmaceutical analytical testing outsourcing is constantly prerequisite of in the drugs manufacturing industry.
The global pharmaceutical analytical testing services market is expected to grow owing to the rising demand from pharmaceutical manufacturers and raw material suppliers which delivering comprehensive pharmaceutical services in manufacturing and development have become the key concern of several companies. Numerous service providers are offering services such as pharm solutions, packaging, residual solvents, stability testing and storage, method validation, dissolution, raw material testing, leachable or extractable testing, and retrospective method validation. A major trend observed in the global pharmaceutical analytical testing services market is outsourcing. Absence of the necessary set-up for performing every test in-house is one of the key reasons for outsourcing. The best method for handling tests such as process and facility validation, registration stability storage and testing, analytical testing that deploys expensive equipment, cleaning validations, and method development is outsourcing. Outsourcing to a specialty company provides experience and expertise in this domain. It also aids in bringing down the costs of maintenance, equipment, and validation. As a result, outsourcing is likely to contribute towards the expansion of the global pharmaceutical analytical testing market.
The lack of skilled professionals and well-established healthcare infrastructure are some of the factors that threaten to hamper the growth of the pharmaceutical analytical testing services market.
Also, the operational costs, fluctuations in good manufacturing practices (GMP), regulatory policies, and less turnaround times also negatively impact the Pharmaceutical analytical testing outsourcing market growth.
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Questions answered in the Pharmaceutical analytical testing outsourcing Market research report:
Pharmaceutical Analytical Testing Outsourcing Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
| Aspects | Details |
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| By Application |
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| Key Market Players | Pharmaceutical Product Development, LLC, Eurofins Scientific, Toxikon, Inc, Boston Analytical, WuXi AppTec, Inc, Pace Analytical Services, LLC, SGS SA, West Pharmaceutical Services, Inc., Intertek Group PLC |
| Other Players | Charles River Laboratories International, Inc., Merck KGaA., Cambrex Corporation, Catalent, Inc. |
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