The global GMP testing service market size reached US$ 1.43 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.08 Billion by 2028, exhibiting a growth rate (CAGR) of 6.12% during 2023-2028. The surging pharmaceutical production, expanding prevalence of chronic diseases, and ongoing technological advancements represent some of the key factors driving the market.
Good Manufacturing Practice (GMP) testing service refers to the set of quality control procedures and requirements. Companies involved in the manufacturing, testing, and distribution of pharmaceuticals, medical devices, and other products regulated by various regulatory bodies, such as the Food and Drug Administration (FDA), are required to follow these procedures. GMP testing service is an essential part of the drug development process, ensuring that products are safe, effective, and of high quality. It typically includes a range of analytical and microbiological testing, including potency, purity, stability, and sterility testing. These tests are performed at various stages of the drug development process, including sourcing raw materials and quality-checking the finished products. They are designed to ensure the product is manufactured according to established standards and specifications.
GMP Testing Service Market Trends:
The rising development of biosimilars, combination drugs, and other innovative medicines is fueling the demand for specific testing procedures, such as GMP testing services. Besides this, the escalating demand for drugs, vaccines, and other pharmaceuticals due to the rising prevalence of chronic diseases caused by aging populations, sedentary lifestyles, unhealthy dietary habits, and various environmental risk factors is creating a positive outlook for the market. Moreover, different biopharmaceutical companies are outsourcing bioanalytical testing services for drug development and validation at both clinical and preclinical stages, which, in turn, is propelling the market growth. Concurrent with this, the rise in patent expiration of generic and branded drug compounds is impelling manufacturers to conduct and submit bioanalytical testing results, which is contributing to the market growth. In addition to this, the increasing number of stringent regulatory requirements imposed by various regulatory bodies for the quality control and testing of pharmaceutical products are presenting remunerative growth opportunities for the market. Furthermore, innovative technological advancements in GMP testing services, such as the advent of chromatography, spectroscopy, and spectrometry, have led to more accurate and efficient testing of pharmaceutical products, which is acting as another significant growth-inducing factor.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global GMP testing service market, along with forecasts at the global levels from 2023-2028. Our report has categorized the market based on service type and end user.
Service Type Insights:
- Packaging and Shelf-life Testing
- Product Validation Testing
- Bioanalytical Services
The report has provided a detailed breakup and analysis of the GMP testing service market based on the service type. This includes packaging and shelf-life testing, product validation testing, bioanalytical services, and others. According to the report, product validation testing represented the largest segment.
End User Insights:
- Pharmaceutical and Biopharmaceutical Companies
- Medical Device Companies
A detailed breakup and analysis of the GMP testing service market based on the end user has also been provided in the report. This includes pharmaceutical and biopharmaceutical companies and medical device companies. According to the report, pharmaceutical and biopharmaceutical companies accounted for the largest market share.
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for GMP testing service. Some of the factors driving the North America GMP testing service market included the rising demand for various drugs and medicines, the growing prevalence of chronic diseases, and innovative technological advancements in the industry.
The report has also provided a comprehensive analysis of the competitive landscape in the global GMP testing service market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Almac Group, Charles River Laboratories International Inc., Eurofins Scientific SE, ICON plc, Intertek Group plc, Merck KgaA, Nelson Laboratories LLC (Sotera Health Company), North American Science Associates LLC, Pace Analytical Services LLC, PPD Inc. (Thermo Fisher Scientific Inc.), Sartorius AG, Wuxi Apptec Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
|Service Types Covered
||Packaging and Shelf-life Testing, Product Validation Testing, Bioanalytical Services, Others
|End Users Covered
||Pharmaceutical and Biopharmaceutical Companies, Medical Device Companies
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Almac Group, Charles River Laboratories International Inc., Eurofins Scientific SE, ICON plc, Intertek Group plc, Merck KgaA, Nelson Laboratories LLC (Sotera Health Company), North American Science Associates LLC, Pace Analytical Services LLC, PPD Inc. (Thermo Fisher Scientific Inc.), Sartorius AG, Wuxi Apptec Co. Ltd., etc.
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Key Questions Answered in This Report:
- How has the global GMP testing service market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global GMP testing service market?
- What is the impact of each driver, restraint, and opportunity on the global GMP testing service market?
- What are the key regional markets?
- Which countries represent the most attractive GMP testing service market?
- What is the breakup of the market based on the service type?
- Which is the most attractive service type in the GMP testing service market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the GMP testing service market?
- What is the competitive structure of the global GMP testing service market?
- Who are the key players/companies in the global GMP testing service market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GMP testing service market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global GMP testing service market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GMP testing service industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.