GMP Testing Service Market Product Overview and Scope, Emerging Technologies and Potential of Industry forecast 2029


Posted April 18, 2024 by Swati12

Global GMP Testing Service Market size was valued at USD 1.52 Bn in 2022 and is expected to reach USD 2.41 Bn by 2029, at a CAGR of 6.8 %.
 
GMP Testing Service Market Report Overview

The report provides an analysis of both the current and future conditions in the GMP Testing Service market, delivering valuable insights and the latest information across essential segments. Within the context of the GMP Testing Service market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the GMP Testing Service market, including the projected GMP Testing Service sales during the forecast period.

GMP Testing Service Market Report Scope and Research Methodology

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GMP Testing Service Market Regional Insights

North America held the largest GMP Testing Service Market share in 2022 and is expected to grow at a significant CAGR over the forecast period. According to the MMR research, more than 868,000 Americans die of heart disease, almost 600,000 die from cancer per year, and more than 35.4 million have diabetes. Due to this growth of incidences of deaths and the increasing number of chronic diseases, increasing drug manufacturing plants. Such factors are expected to fuel the GMP testing services market growth. For example, the United States had approximately 4,676 manufacturing sites for drugs, and many others were on standby.

GMP Testing Service Market Segmentation

by Service Type

1. Product Validation Process
2. Environmental Monitoring
3. Bio analytical Services
4. Packaging and Shelf-life Testing

the product validation process testing segment held the global GMP Testing Service Market in 2022 and is expected to sustain its dominance during the forecast period. The segment growth is driven by the increases in demand for more quality and safe management of service. Also, the increasing number of drug manufacturing plants is influencing the segment growth in the market. The bioanalytical service segment is expected to account for the largest market share during the forecast period due to a growing focus on the development of bioanalytical testing services, which is a key factor and is fuelling the growth of the market.

by Application

1. Pharmaceutical Industry
2. Cosmetic Industry
3. Food and Beverage Industry
4. Medical Device Industry
5. Others

the GMP Testing Service Market is segmented into pharmaceutical, cosmetic Industry, food 8 beverages, and medical devices and others. The Pharmaceutical and biopharmaceutical companies dominated the global market share in 2022. The segment growth is driven by the increase in innovation and new service development. The pharmaceutical and biopharmaceutical industry segment is expected to market growth during the forecast period, due to the biopharmaceutical companies’ preference to outsource manufacturing in markets where they have limited expertise in various stages of the value chain, especially toward the end where CDMOs’ presence in a particular region that gives them access to a vast distribution network as well as knowledge of existing regulatory guidelines.

by Service Provider

1. In-house facilities
2. Outsourced facility

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GMP Testing Service Market Key Players

1. Almac Group
2. PPD, Inc.
3. Pace Analytical Services
4. Microchem Laboratories
5. Sartorius AG.
6. North American Science Associates Inc.
7. GMP Testing Laboratories
8. Covance, Inc.
9. Nelson Laboratories LLC
10. Wuxi AppTec
11. ÅKRN, Now Part of NAMSA
12. Jaguar Transport Holdings, LLC
13. UL Solutions
14. Sigma-Aldrich
15. Eurofins Scientific Finland Oy

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Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2021)
Past Pricing and price curve by region (2017 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segments and their sub-segments
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By mmr
Country India
Categories Business
Last Updated April 18, 2024