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Global Analytical Laboratory Services Market (2022-2027) by Test Type, Method Type, Sevice Type, Technology, Application, End-Users, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis.

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  • 208 Pages
  • September 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5684279

Strong Government Support and Partnership With Private Laboratories Are Driving the Growth of the Market

The Global Analytical Laboratory Services Market is estimated to be USD 929 Mn in 2022 and is expected to reach USD 1647.47 Mn by 2027, growing at a CAGR of 12.14%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Analytical Laboratory Services Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Analytical Laboratory Services Market is segmented based on Test Type, Method Type, Sevice Type, Technology, Application, End-Users, and Geography.
  • By Test Type, the market is classified into Bioanalytical, Batch Release, Raw Material, Microbial, Environmental Monitoring, Method Validation, Physical Characterization, and Stability Testing.
  • By Method Type, the market is classified into Pharmacokinetic Testing, Biomarker Testing, Virology Testing, Cell-Based Assays, Immunogenicity, and Serology.
  • By Sevice Type, the market is classified into Hospital-Based Laboratories, Stand-Alone Laboratories, and Clinics-Based Laboratories.
  • By Technology, the market is classified into Mass Spectroscopy, Immunochemistry, UPLC technology, and Turbulent Flow Technology.
  • By Application, the market is classified into Oncology, Neurology, Infectious Disease, Gastroenterology, Cardiology, and Other Applications.
  • By End-Users, the market is classified into Hospitals & Clinics, Food & Beverages, Pharmaceutical & Biotechnology Vendors, Government, and Research Institutes.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Accelerated Technology Laboratories, Inc., Abbott Analytical Ltd., AptarGroup, Inc., LabVantage Solutions, Inc., Moravek, Inc., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Analytical Laboratory Services Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Analytical Laboratory Services Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Analytical Laboratory Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Analytical Laboratory Services Market

What is the estimated value of the Global Analytical Laboratory Services Market?

The Global Analytical Laboratory Services Market was estimated to be valued at $929 Million in 2022.

What is the growth rate of the Global Analytical Laboratory Services Market?

The growth rate of the Global Analytical Laboratory Services Market is 12.1%, with an estimated value of $1647.47 Million by 2027.

What is the forecasted size of the Global Analytical Laboratory Services Market?

The Global Analytical Laboratory Services Market is estimated to be worth $1647.47 Million by 2027.

Who are the key companies in the Global Analytical Laboratory Services Market?

Key companies in the Global Analytical Laboratory Services Market include Abbott Analytical Ltd., Accelerated Technology Laboratories, Inc., ACM Laboratories, Agilent Technologies, Inc., AptarGroup, Inc., BioAgilytix Labs LLC, Charles River Laboratories International, Inc., Eurofins Scientific SE, LabConnect LLC and LabVantage Solutions, Inc..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection, and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Favorable Government Policies to Strengthen Analytical Testing Capabilities
4.1.2 Increasing Demand for Specialized Analytical Testing Services
4.1.3 Increasing Number of Drug Approvals & Clinical Trials
4.2 Restraints
4.2.1 Limitations in Analyzing Complex Products
4.2.2 High Cost of Laboratory Testing and Maintenance
4.3 Opportunities
4.3.1 Increasing Strategic Partnership and Collaborations
4.3.2 Increasing Development of Macromolecules and Biosimilars for Therapeutic Areas
4.4 Challenges
4.4.1 Lack of Skilled Workers
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Analytical Laboratory Services Market, By Test Type
6.1 Introduction
6.2 Bioanalytical
6.3 Batch Release
6.4 Raw Material
6.5 Microbial
6.6 Environmental Monitoring
6.7 Method Validation
6.8 Physical Characterization
6.9 Stability Testing
7 Global Analytical Laboratory Services Market, By Method Type
7.1 Introduction
7.2 Pharmacokinetic Testing
7.3 Biomarker Testing
7.4 Virology Testing
7.5 Cell-Based Assays
7.6 Immunogenicity
7.7 Serology
8 Global Analytical Laboratory Services Market, By Sevice Type
8.1 Introduction
8.2 Hospital-Based Laboratories
8.3 Stand-Alone Laboratories
8.4 Clinics-Based Laboratories
9 Global Analytical Laboratory Services Market, By Technology
9.1 Introduction
9.2 Mass Spectroscopy
9.3 Immunochemistry
9.4 UPLC technology
9.5 Turbulent Flow Technology
10 Global Analytical Laboratory Services Market, By Application
10.1 Introduction
10.2 Oncology
10.3 Neurology
10.4 Infectious Disease
10.5 Gastroenterology
10.6 Cardiology
10.7 Other Applications
11 Global Analytical Laboratory Services Market, By End-Users
11.1 Introduction
11.2 Hospitals and Clinics
11.3 Food and Beverages
11.4 Pharmaceutical and Biotechnology Vendors
11.5 Government
11.6 Research Institutes
12 Americas' Analytical Laboratory Services Market
12.1 Introduction
12.2 Argentina
12.3 Brazil
12.4 Canada
12.5 Chile
12.6 Colombia
12.7 Mexico
12.8 Peru
12.9 United States
12.10 Rest of Americas
13 Europe's Analytical Laboratory Services Market
13.1 Introduction
13.2 Austria
13.3 Belgium
13.4 Denmark
13.5 Finland
13.6 France
13.7 Germany
13.8 Italy
13.9 Netherlands
13.10 Norway
13.11 Poland
13.12 Russia
13.13 Spain
13.14 Sweden
13.15 Switzerland
13.16 United Kingdom
13.17 Rest of Europe
14 Middle East and Africa's Analytical Laboratory Services Market
14.1 Introduction
14.2 Egypt
14.3 Israel
14.4 Qatar
14.5 Saudi Arabia
14.6 South Africa
14.7 United Arab Emirates
14.8 Rest of MEA
15 APAC's Analytical Laboratory Services Market
15.1 Introduction
15.2 Australia
15.3 Bangladesh
15.4 China
15.5 India
15.6 Indonesia
15.7 Japan
15.8 Malaysia
15.9 Philippines
15.10 Singapore
15.11 South Korea
15.12 Sri Lanka
15.13 Thailand
15.14 Taiwan
15.15 Rest of Asia-Pacific
16 Competitive Landscape
16.1 Competitive Quadrant
16.2 Market Share Analysis
16.3 Strategic Initiatives
16.3.1 M&A and Investments
16.3.2 Partnerships and Collaborations
16.3.3 Product Developments and Improvements
17 Company Profiles
17.1 Abbott Analytical Ltd.
17.2 Accelerated Technology Laboratories, Inc.
17.3 ACM Laboratories
17.4 Agilent Technologies, Inc.
17.5 AptarGroup, Inc.
17.6 BioAgilytix Labs LLC
17.7 Charles River Laboratories International, Inc.
17.8 Eurofins Scientific SE
17.9 LabConnect LLC
17.10 LabVantage Solutions, Inc.
17.11 LGC Group Ltd.
17.12 Moravek, Inc.
17.13 NorthEast Bioanalytical Laboratories LLC
17.14 Steris PLC
17.15 Syneos Health, Inc.
17.16 Thermo Fisher Scientific Holdings, Inc.
17.17 Trilogy Analytical Laboratory LLC
18 Appendix
18.1 Questionnaire

Companies Mentioned

  • Abbott Analytical Ltd.
  • Accelerated Technology Laboratories, Inc.
  • ACM Laboratories
  • Agilent Technologies, Inc.
  • AptarGroup, Inc.
  • BioAgilytix Labs LLC
  • Charles River Laboratories International, Inc.
  • Eurofins Scientific SE
  • LabConnect LLC
  • LabVantage Solutions, Inc.
  • LGC Group Ltd.
  • Moravek, Inc.
  • NorthEast Bioanalytical Laboratories LLC
  • Steris PLC
  • Syneos Health, Inc.
  • Thermo Fisher Scientific Holdings, Inc.
  • Trilogy Analytical Laboratory LLC