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
U.S.
Canada
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
Frequently asked questions :
The market for Healthcare Analytical Testing Market is expected to reach US$ XX Bn by 2022.
The Healthcare Analytical Testing Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2020.
The base year of this report is 2019.
Eurofins Scientific SE, Charles River Laboratories International Inc., Exova Group PLC, Envigo, Ministry SA, WUXI Pharmatech (Cayman) Inc., SGS, Pace Analytical Services Inc. are some of the major players in the global market.
