Europe Analytical Laboratory Services Market by 2029

Europe Analytical Laboratory Services Market to grow at a CAGR of 14.8% during the forecast period

A number of analytical services are provided in the market, such as bioanalytical testing, raw material testing, batch release testing, product validation, physical characterization and others. These services are widely employed in the healthcare sector, including pharmaceutical companies, biopharmaceutical companies and medical device companies. These services provide a reliable source for accuracy, quality and efficiency. They have applications in areas such as oncology, neurology, infectious diseases, cardiology and others.

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Data Bridge Market Research analyses that the Europe analytical laboratory services market is expected to reach USD 3,743.48 million by 2029, at a CAGR of 14.8% during the forecast period. The bioanalytical testing segment accounts for the largest offering segment in the Europe analytical laboratory services market. The Europe analytical laboratory services market report also covers pricing analysis, patent analysis, and technological advancements in depth.

The Europe analytical laboratory services market is growing with the rise in government initiatives to strengthen analytical testing capabilities and the growing number of drug approvals and clinical trials. Moreover, rising usage and development of a large number of macromolecules and biosimilar for various therapeutic areas and increased spending by governments to set up new laboratories are other factors accelerating the laboratory services market growth.

The countries covered in the Europe analytical laboratory services market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Ireland, Turkey and rest of Europe. Germany is likely to be the fastest-growing Europe Analytical laboratory services market due to the increasing biopharmaceutical industry with increased drug production.

Some of the major companies providing analytical laboratory services in the Europe analytical laboratory services market are Eurofins Scientific, Q2 Solutions (a subsidiary of IQVIA), SGS SA, SOLVIAS AG, Syneos Health, ICON plc, BioAgilytix Labs, Pharmaceutical Research Associates Inc., ALS Limited, Covance (a subsidiary of Laboratory Corporation of America Holdings), Intertek Group plc, Evotec SE, Charles River Laboratories, Medpace, WuXi AppTec, and PPD Inc. (a subsidiary of Thermo Fisher Scientific Inc.) among others.

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