GMP Testing Service Market Present Significant Growth By 2029

Market Overview:

Global GMP Testing Service Market was valued at USD 1.17 Billion in 2021 and is expected to reach USD 1.88 Billion by the year 2028, at a CAGR of 6.97%.

Good manufacturing practice (GMP) is a system used for ensuring that products are consistently produced and controlled according to quality standards. This GMP applies when products are being manufactured for sale. GMP is designed to minimize the risk involved in pharmaceutical production that cannot be eliminated through testing final products. These services are an essential obligation for medical device manufacturers to reduce product recalls from the market. GMP testing services are important for producers in the food and beverage sector, pharmaceutical medications, medical devices, and others.

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Market Dynamics:

Driver:

The increasing number of businesses in the pharmaceutical and biopharmaceutical sectors around the globe is one of the main factor drivers of GMP testing services market growth. The rising medication and device development are excepted to drive market growth. Moreover, the requirement to publish quality assurance criteria is anticipated to boost the market. The demand for aseptic and sterile manufacturing equipment and spaces also drives market growth. With the rising focus on the development of novel therapeutics to fight the COVID-19 pandemic through pharmaceutical development, there is a rising demand for GMP testing services during the pandemic situation drives market growth.

Opportunities:

The favored establishment of pharmaceutical manufacturing facilities in the developing region as well as increasing healthcare expenditure by countries provides growth opportunities for the market. Additionally, increased demand for GMP testing services owing to the need for regulation compliance, and the growth in the healthcare and biotech industries create growth opportunities for the GMP Testing Service Market. The adoption of GMP testing in research and development activities is excepted to create additional growth opportunities for the market.

Key Chapter Will Be Provided In The Report

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis

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Segmentation Analysis of GMP Testing Service Market

Based on Service Type, the product validation testing segment dominated the studied market share with a revenue of USD 497.10 million in 2020 and is expected to register a CAGR over the forecast period. The increasing need for validation and verification of medical devices is leading to increased demand for product validation testing. Pharmaceutical products and medical devices need to follow a set of standards for the assurance of quality. Hence, from the aforementioned factors, the product validation testing segment is estimated to witness high growth over the forecast period. Thus, the bioanalytical testing segment is expected to grow significantly during the forecast period due to the aforementioned factors.

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Based on End-Users, the pharmaceutical and biopharmaceutical companies segment dominated the studied market's share with a revenue of USD 844.85 million in 2020 and is expected to register a high CAGR over the forecast period. The novel drug development in the pharmaceutical and biopharmaceutical industry is expected to drive the segment's market growth over the forecast period. With growing research and development activities, there has been an increasing need for GMP testing in the pharmaceutical industry.

By Type

•Product Validation Testing
•Bioanalytical Services
•Packaging
•Shelf-Life Testing
•Others

By End-User

•Pharmaceutical & Biopharmaceutical Companies
•Medical Devices Company

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Regional Insights

The North American region of the market studied dominated with a revenue of USD 465.73 million in 2020, and it is expected to register the highest CAGR over the forecast period. The United States is expected to dominate the global GMP testing service market, throughout the forecast period, due to an increasing number of clinical studies, the presence of key market players, the growing pharmaceutical industry, and increasing drug and devices development.

By Region

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Table Of Content

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By End-User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

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Chapter 5: GMP Testing Service Market by Type
 5.1 GMP Testing Service Market Overview Snapshot and Growth Engine
 5.2 GMP Testing Service Market Overview
 5.3 Product Validation Testing
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Product Validation Testing: Grographic Segmentation
 5.4 Bioanalytical Services
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Bioanalytical Services: Grographic Segmentation
 5.5 Packaging
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Packaging: Grographic Segmentation
 5.6 Shelf-Life Testing
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Shelf-Life Testing: Grographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Grographic Segmentation

Chapter 6: GMP Testing Service Market by End-User
 6.1 GMP Testing Service Market Overview Snapshot and Growth Engine
 6.2 GMP Testing Service Market Overview
 6.3 Pharmaceutical & Biopharmaceutical Companies
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Pharmaceutical & Biopharmaceutical Companies: Grographic Segmentation
 6.4 Medical Devices Company
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Medical Devices Company: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis

To Be Continued…

Players Covered in GMP Testing Service Market are:

•Eurofins Scientific
•PPD Inc.
•Microchem Laboratory
•Sartorius AG
•North American Science Associates Inc.
•Laboratory Corporation of America Holdings (Covance Inc.)
•Sotera Health (Nelson Laboratories LLC)
•Almac Group
•Pace Analytical
•Wuxi AppTec
•Intertek Group PLC
•Charles River Laboratories and Others major players.

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