Overview:
Healthcare analytics or analytical testing is a process of data collection from varied sources and their analysis to indicate trends for delivering improved healthcare. Tools such as predictive analytics, prescriptive analytics, and descriptive analytics are the major techniques used in healthcare analytical testing. In addition, Digital recording of clinical data helps create and maintain a paperless repository and eventually improves the process, efficiency, and accuracy of clinical outcomes and, thus, the healthcare system.
Resource scarcity, regulatory issues on healthcare providers and insurance providers, and the need for disease monitoring, etc., are some of the critical issues claimed to be efficiently addressed by the healthcare analytical testing market. Apart from operational advantages, healthcare analytical testing also efficiently improvises revenue management cycle and healthcare record consolidation. Widespread use of healthcare analytical testing could also aid in national preventive care, healthcare policy framing, and efficient health financing across developed and developing countries. However, the risk of a data breach, cultural barriers, and the risk of skilled personnel may challenge the market growth to a certain extent.
The global healthcare analytical testing market is segmented on the following bases:
Testing Type
- Bioanalytical Testing
- Physical Characterization
- Method Validation
- Raw Material Testing
- Batch Release Testing
- Stability Testing
- Microbial Testing
- Environmental Monitoring
Sample Type
- Raw Materials
- Finished Products
- In-Process Sample
- Environmental Sample
End-Users
- Medical Device Manufacturers
- Pharmaceuticals Manufacturers
- Contract Research Organizations
- Governments
Geography
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Key players identified for the healthcare analytical testing market include but are not limited to:
Eurofins Scientific SE, Charles River Laboratories International Inc., Exova Group PLC, Envigo, Ministry SA, WUXI Pharmatech (Cayman) Inc., SGS, Pace Analytical Services Inc., PPD Inc., and several others
This report offers:
- An overview of the global markets for healthcare analytical testing
- Market trends assessment for the period 2014-2022, with historical information for 2014 & 2015 and projections through 2022, with respective CAGRS during 2016-2022
- Qualitative assessment tools include market drivers, challenges and prospects, major commercial events, etc.
- Market competition scrutiny tools such as market share analysis, attractive investment proposition, and Porter’s Five Forces model
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the healthcare analytical testing market
