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Medical Device Outsourcing Market Size Worth $227.1 Billion By 2028: Grand View Research, Inc.


to reach USD 227.1 billion by 2028 registering a CAGR of
11.2%, according to a new report by Grand View Research, Inc. Rising demand for advanced medical products is the key factor fueling the market growth. Regulatory bodies are emphasizing the quality of the healthcare devices provided to the public. Thus, to meet the regulatory standards, market players are using various services like regulatory consulting. For example, the European Medical Device Regulation undertakes special spontaneous inspection of outsourced products to test the quality as well as conformity with the standards.
Key suggestions from the report:
The contract manufacturing segment led the market in 2020 with a revenue share of 55.4% and will retain its position throughout the forecast period ....

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Pharmaceutical Analytical Testing Outsourcing Market Size Worth $12.4 Billion By 2028: Grand View Research, Inc.


Pharmaceutical Analytical Testing Outsourcing Market Size Worth $12.4 Billion By 2028: Grand View Research, Inc.
SAN FRANCISCO, Feb. 2, 2021 /PRNewswire/ The global pharmaceutical analytical testing outsourcing market size is expected
to reach USD 12.4 billion by 2028 registering a CAGR of 8.3%, according to a new report by Grand View Research, Inc. Increasing pipelines for biological candidates along with rising demand for additional analytical details on drugs as well as process development by regulatory agencies are boosting the market growth. Analytical testing helps in providing real-time product quality control along with optimizing & monitoring processes, characterize biosimilar & biologics, and improving productivity. One of the main reasons for outsourcing analytical testing services is to access skilled & experienced expertise, as well as expensive analytical equipment not available in-house. ....

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