Global GMP Testing Service Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global GMP Testing Service Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Service Type (Product Validation Testing, Bioanalytical Services, Packaging and Shelf-Life Testing, and Other Service Types), End User (Pharmaceutical and Biopharmaceutical Companies, and Medical Devices Company), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global GMP Testing Service Market was valued at USD 1,363.0 million in 2023 and is expected to reach USD 2,377.2 million by 2031 while growing at a CAGR of 7.2% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global GMP testing service market growth. A GMP testing service conducts tests according to Good Manufacturing Practice (GMP) standards, which are regulations enforced by agencies like the FDA to ensure consistent production and control of pharmaceuticals, food, medical devices, and other products.
The expanding pharmaceutical industry, fueled by factors like population growth, aging demographics, and the rising incidence of chronic diseases, propels the GMP testing services market forward. Nevertheless, cost constraints and data security concerns also play significant roles in driving market growth.
Furthermore, the global GMP testing service industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Service Type Analysis
The Global GMP Testing Service Market is segmented among Product Validation Testing, Bioanalytical Services, Packaging and Shelf-Life Testing, and Other Service Types, based on Service Type. In 2023, XXXX accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By End User Analysis
The Global GMP Testing Service Market is segmented among Pharmaceutical and Biopharmaceutical Companies, and Medical Devices Company, based on End User. In 2023, XXXX accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global GMP Testing Service Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the 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, and Wuxi AppTec.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global GMP Testing Service Market Dynamics
Drivers
Restraints
Opportunity
4. Global GMP Testing Service Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global GMP Testing Service Market Segmentation, By Service Type
Global GMP Testing Service Market Share Analysis, By Service Type
Global GMP Testing Service Market Growth Analysis, By Service Type
Global GMP Testing Service Market Trends, By Service Type
o Product Validation Testing
o Bioanalytical Services
o Packaging and Shelf-Life Testing
o Other Service Types
6. Global GMP Testing Service Market Segmentation, By End User
Global GMP Testing Service Market Share Analysis, By End User
Global GMP Testing Service Market Growth Analysis, By End User
Global GMP Testing Service Market Trends, By End User
o Pharmaceutical and Biopharmaceutical Companies
o Medical Devices Company
7. Global GMP Testing Service Market Segmentation, By Region
Global GMP Testing Service Market Share Analysis, By Region
Global GMP Testing Service Market Growth Analysis, By Region
Global GMP Testing Service Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Eurofins Scientific*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
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
*Similar analysis will be provided for each company listed above.