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Article: Boost From Pharmaceutical and Nutraceutical Markets to Drive the Analytical Laboratory Services Market.

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PR Newswire
Article date:
August 28, 2006
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PALO ALTO, Calif., Aug. 28 /PRNewswire/ -- Analytical laboratories analyze selected chemical constituents of a sample, which may be soil, plant, water, wastewater, feed or even parts of human tissues. As a result of heavy cost reduction, pharmaceutical companies are outsourcing laboratory services to contract research organizations and small analytical laboratories, thereby boosting demand for the same.

New analysis from Frost & Sullivan (http://www.testandmeasurement.frost.com/ ), North American Analytical Laboratory Services Market, reveals that revenues in this industry totaled $603.1 million in 2005 and estimates to reach $743.3 million in 2012.

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