September 13, 2006
Outsourcing of Analytical Laboratories
According to research studies, outsourcing of analytical laboratory market is growing at a rapid pace. It is expected to grow further over the next seven years. However, small laboratories are in danger of declining. According to a report published by Frost & Sullivan, the revenue generated by the analytical services market in the US was $603.1 million. It registered a significant increase of 2.9 percent in the first two quarters of 2006. The market is expected to reach $743.3 million by 2012. This boost in the analytical market is driven by steady demand from pharmaceutical companies.
Our previous post titled "Right Balance for Outsourcing" will give you useful information about outsourcing.
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