Pharmaceutical Testing Analytical Service Market Size, Competitive Landscape, Revenue Analysis, 2022
August 29, 2023 ⚊ 1 Min read ⚊ Views 42 ⚊ HEALTH
In 2022, the value of the Pharmaceutical Testing Analytical Service Market was recorded at USD 7.75 Billion. Predictions indicate that by 2032, it is set to soar to USD 15.88 Billion, displaying a robust Compound Annual Growth Rate (CAGR) of 8.3% throughout the projected period.
Several key factors are propelling the upward trajectory of market revenue. These encompass the upsurge in drug approvals, the expanding trend of outsourcing pharmaceutical testing services to external vendors, and the escalating need for stringent pharmaceutical quality control measures.
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