Global GMP Testing Service Market Application Analysis 2022

Posted by sandeep gade on December 6th, 2022

 The worldwide market for GMP testing services Market is expected to increase significantly due to the increasing requirement for process validation, effective documentation standards, and the ability to generate high-quality goods. GMP testing services offer a wide range of services according on the needs of the end customer.

Innovative speciality pharmaceuticals must be made with extreme care in order to achieve the quality standards that may be certified by the use of GMP testing services. GMP testing services are a vital need for medical device makers in order to decrease product recalls from the market. Bioanalytical testing, product development testing, sterility testing, and shelf-life testing are all examples of GMP testing services. Hence, the market for GMP testing services is anticipated to grow at a CAGR of 5.4% during the forecast period.

There are numerous key companies in the GMP testing service industry. In terms of market share, a few significant firms now dominate the industry. Companies are taking steps to fulfil the increased demand for medications and medical gadgets.

Companies that are presently dominating the market include Eurofins Scientific, North American Science Associates Inc., Almac Group, PPD Inc., Intertek Group PLC, Nelson Laboratories LLC, Wuxi AppTec., Sartorius AG, Boston Analyticals and Pace Analyticals.

Recent Developments

•          In June 2022, Almac Diagnostic Services, a subsidiary of the Almac Group, inked a Master Collaboration Agreement (MCA) with AstraZeneca to develop and market a number of companion diagnostic (CDx) products. Almac will work with AstraZeneca to provide novel treatments to patients in places with significant unmet medical needs.
•          In December 2021, Eurofins stated that the BioPharma product testing network of laboratories has extended its footprint of GMP testing laboratories with the acquisition of Astellas Analytical Science Laboratories, Inc. (ASL). ASL created Eurofins' first Good Manufacturing Practice (GMP) testing facility in Japan with this purchase.

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