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Global Pharmaceutical Analytical Testing Outsourcing market [2015-2023] by Asia Pacific

By Asia Pacific, the market is segmented into Asia Pacific, Australia, China, India, Japan, South Korea, and Rest of Asia Pacific (2015-2023)

Author: Wantstats Research TeamSource: Wantstats Repository
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Global Pharmaceutical Analytical Testing Outsourcing market [2015-2023] by Asia Pacific — full underlying data
LabelAsia PacificAustraliaChinaIndiaJapanSouth KoreaRest of Asia Pacific
20151383.4 USD Mn121.9 USD Mn461.1 USD Mn216.3 USD Mn356.9 USD Mn131.7 USD Mn95.5 USD Mn
20161489.9 USD Mn131.5 USD Mn493 USD Mn234.2 USD Mn385.9 USD Mn142.2 USD Mn102.9 USD Mn
20171605.5 USD Mn142 USD Mn528.2 USD Mn253.6 USD Mn417 USD Mn153.7 USD Mn111 USD Mn
20181732.2 USD Mn153.4 USD Mn567.6 USD Mn274.6 USD Mn450.6 USD Mn166.2 USD Mn119.8 USD Mn
20191871.5 USD Mn165.8 USD Mn611.7 USD Mn297.6 USD Mn487.3 USD Mn179.9 USD Mn129.1 USD Mn
20202037.9 USD Mn180.2 USD Mn667.4 USD Mn324.7 USD Mn529.8 USD Mn196.1 USD Mn139.7 USD Mn
20212228.7 USD Mn195.6 USD Mn737 USD Mn355.5 USD Mn575.5 USD Mn214.2 USD Mn150.9 USD Mn
20222448.4 USD Mn212.2 USD Mn821.1 USD Mn391 USD Mn627.1 USD Mn233.7 USD Mn163.3 USD Mn
20232711.4 USD Mn231.1 USD Mn924.6 USD Mn433.4 USD Mn688.3 USD Mn256.5 USD Mn177.5 USD Mn

Data Source: Wantstats Repository

Wantstats

Market Dynamics

China accounted for the largest market share in 2017 in the Asia Pacific pharmaceutical analytical testing outsourcing market, and is expected to reach USD 924.60 Million in 2023 from USD 528.20 Million in 2017.This market is projected to grow at a CAGR of 10.25% during the forecast period from 2018 - 2023. finished products segment accounted for the largest market share in 2017, this market is expected to reach USD 1125.70 Million in 2023 from USD 677.90 Million in 2017. This market is projected to grow at a CAGR of 8.96% during the forecast period from 2018 - 2023. However, active pharmaceutical ingredients segment is the fastest growing market, which is expected to grow at a CAGR of 9.95% during the forecast period 2018 - 2023. pharmaceutical and biopharmaceutical companies segment accounted for the largest market share in 2017, this market is expected to reach USD 1512.40 Million in 2023 from USD 886.10 Million in 2017. This market is projected to grow at a CAGR of 9.64% during the forecast period from 2018 - 2023.

However, pharmaceutical and biopharmaceutical companies segment is the fastest growing market, which is expected to grow at a CAGR of 9.64% during the forecast period 2018 - 2023. other segment accounted for the largest market share in 2017, this market is expected to reach USD 966.60 Million in 2023 from USD 601.60 Million in 2017. This market is projected to grow at a CAGR of 8.32% during the forecast period from 2018 - 2023. However, bioanalytical testing segment is the fastest growing market, which is expected to grow at a CAGR of 10.25% during the forecast period 2018 - 2023.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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