Analytical Testing Labs Could Raise The Bar Of Purity Standards
Analytical testing services not only allow assessment of chemical compounds or biopharmaceutical materials in a specific and sensitive manner, but also hold importance across diverse sectors, like healthcare, equipment, F&B, and more.
As the Indian economy boasts a strong annual growth rate, deep capital markets and liberalized foreign direct investment(FDI)regime that eventually backs the Analytical Test Labs too for performing checks to acclaim one's genuineness, the industry is set witness a greater growth. According to Grand View Research, where the global bioanalytical testing services market size was estimated at $3.64 billion in 2021, it is expected to reach $3.9 billion in 2022, exhibiting a CAGR of 8.6 percent.
The bioanalytical testing method is used for the quantitative determination of drugs or metabolites in biological matrices, such as serum, blood, plasma, tissue, urine, and skin samples. Also, according to Valuates Reports, while the Healthcare Analytical Testing Services market was valued at $2949.2 million in 2021, it is projected to become a $5689.8 million market by 2028, exhibiting a CAGR of 9.4percent. Well, previewing this growth, there are many omnipresent and newly incepted Analytical Testing Labs contributing to this industry leveraging their advanced and efficient services. But, finding out ne of the best can be challenging.
Understanding the ample opportunities in this sector, this issue of Silicon india magazine brings you a list of `10 Most Promising Analytical Testing Labs 2022' which were selected by comprehensive examination by industry CEOs, VCs, CXOs and Siliconindia editorial board. We truly expect these institutions to meet your needs and we assure you that the list is prepared as we recognize the valuable contributions of the industries in the ever- expanding and competitive market.