Healthcare Analytical Testing: Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2020

Overview:

Healthcare analytics or healthcare analytical testing is a process of data collection from varied sources and their analysis for indicating trends for delivering improved healthcare. Tools such as predictive analytics, prescriptive analytics and descriptive analytics are the major analytical techniques used in healthcare analytical testing. Digital recording of clinical data is helpful in creating and maintaining paperless repository and eventually in improving process, efficiency and accuracy of clinical outcomes and thus the healthcare system.

Resource scarcity, regulatory issues on healthcare providers and insurance providers,and need for disease monitoring etc. are some of the critical issues that are claimed to be efficiently addressed by 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 both developed and developing countries. Risk of data breach, cultural barriers and 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:

1.    Testing Type

a.    Bioanalytical Testing

b.    Physical Characterization

c.    Method Validation

d.    Raw Material Testing

e.    Batch Release Testing

f.     Stability Testing

g.    Microbial Testing

h.    Environmental Monitoring

2.    Sample Type

a.    Raw Materials

b.    Finished Products

c.    In-Process Sample

d.    Environmental Sample

3.    End-Users

a.    Medical Device Manufacturers

b.    Pharmaceuticals Manufacturers

c.    Contract Research Organizations

d.    Governments

4.    Geography

a.    North America

i.    US

ii.    Canada

b.    Europe

i.    UK

 ii.    Germany

iii.    Rest of Europe

c.    Asia-Pacific

i.    Japan

ii.    China

iii.    Rest of APAC

d.    Latin America

e.    Middle East and Africa

Key players identified for healthcare analytical testing market include but are not limited to:

Eurofins Scientific SE, Charles River Laboratories International Inc., Exova Group PLC, Envigo, Medistri SA, WUXI Pharmatech (Cayman) Inc., SGS, Pace Analytical Services Inc., PPD Inc., and severalothers

This report offers:

• An overview of the global markets forhealthcare 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 such as market drivers, challenges and future 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, launch, 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