The healthcare analytical testing services market share is expected to witness significant growth in the coming years. With the increasing demand for accurate and reliable diagnostic tests, the need for analytical testing services has become crucial in the healthcare industry.

One of the key factors driving the market share is the rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and infectious diseases. These conditions require precise diagnosis and monitoring, which can be achieved through advanced analytical testing services. Moreover, the growing geriatric population worldwide is also contributing to the increased demand for healthcare analytical testing services.

Furthermore, technological advancements in diagnostic techniques have revolutionized the healthcare sector. The advent of molecular diagnostics, genetic testing, and personalized medicine has created a huge demand for specialized analytical testing services. These advanced tests provide valuable insights into an individual's genetic makeup and help in identifying specific disease markers or genetic mutations.

Another factor propelling market growth is the increasing focus on preventive healthcare measures. Governments and healthcare organizations are emphasizing early detection and prevention of diseases to reduce treatment costs As a result, the analytical testing services industry is expected to experience significant growth in the coming years.

The Healthcare Analytical Testing Services Market Size was valued at USD 12.07 billion in 2022, and is expected to reach USD 24.78 billion by 2030, and grow at a CAGR of 9.4% over the forecast period 2023-2030.

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KEY MARKET SEGMENTATION:

By Type

  • Raw Material Testing Services
  • Bioanalytical testing services
  • Physical Characterization Services
  • Batch-release Testing Services
  • Environmental Monitoring Services
  • Microbial Testing

By End-User

  • Contract Research Organizations
  • Medical Device Companies
  • Pharmaceutical and Biopharmaceutical Companies

Some of the major key players are as follows: PPD, Inc., Syneos Health, Intertek Group, LabCorp, ICON plc, Toxikon, Inc., Pace Analytical Services, LLC, Charles River Laboratories International, Inc., Eurofins Scientific, SGS SA, and Other players.

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