Pharmaceutical quality control market research and analysis by product, analysis type, products tested, region -forecast to 2027. Global pharmaceutical quality control market is growing at a rapid pace. The market growth attributes to the rising awareness for quality control of pharmaceutical products. Besides, the increasing developments of comprehensive analytical tests drive the market growth. Moreover, augmenting demand for integrated analytical services spanning all stages of drug discovery, development, and manufacturing escalates the market growth to furthered height.
According to Market Research Future (MRFR), the global pharmaceutical quality control market is expected to reach USD 9.69 BN by 2027, registering over 12.1% CAGR throughout the forecast period (2020–2027). Rising numbers of pharmaceutical, biotech, and medical device companies create massive demand for quality control solutions. Moreover, the recent COVID-19 outbreak is estimated to increase the size of the market, promoting the demand for injection vials for vaccines.
The currently under development coronavirus vaccines call for pre-filled injectable or vials made of type 1 borosilicate glass. The pharmaceutical industry's strict customer requirements and large RD expenditures drive market expansion. The sector is also being advanced by the rapid development of technology and the enlargement of governmental restrictions. Expanding consumer awareness of pharmaceutical quality control is a key factor in industry growth.
On the other hand, technological problems with quality control systems are major factors anticipated to restrain the market's expansion. The development of the pharmaceutical quality control market is further hampered by complex and time-consuming regulatory procedures. However, modifications to government drug policies and regulations to ensure that pharmaceutical products satisfy safety standards would encourage market expansion during the anticipated period.
Pharmaceutical Quality Control Market – Competitive Analysis
The pharmaceutical quality control market appears highly competitive. To gain a larger competitive share, these players incorporate strategies such as mergers acquisitions, collaboration, expansion, and product launch. Industry players invest substantially in RD and trials to develop tests for quality control of medical products.
Major Players:
Players leading the global pharmaceutical quality control market include Merck KGaA, bioMérieux SA, Charles River Laboratories International, Inc., Sartorious AG, WuXi AppTec, Thermo Fisher Scientific, Inc., SGS S.A., Eurofins Scientific, and Toxikon Corporation, among others.
Pharmaceutical Quality Control Global Market – Segments
The pharmaceutical quality control market report is segmented into four dynamics;
By Product : Consumables, Instruments, Services, and others.
By Analysis Type : Sterility Testing (Membrane Filtration, Direct Inoculation, others), Bioburden Testing (Aerobic Count Testing, Anaerobic Count Testing, Spore Count Testing, Fungi/ Mold Count Testing, Endotoxin Testing, In vitro, LAL, others), Stability Testing, Extractable Leachable Testing, Raw Material Testing, and others.
By-Products Tested: Vaccines, Plasma Product, Drugs, and others.
By Region : America, Europe, Asia Pacific, and Rest of the World.
Global Pharmaceutical Quality Control Market – Geographical Analysis
North America dominates the global pharmaceutical quality control market. The largest market share attributes to the well-spread awareness for the importance of medical product quality control. Besides, the rising healthcare and Drug Competition Action Plan introduced by the FDA foster the market growth in the region. Moreover, an increase in demand for pharmaceutical quality control due to the rising discoveries of drugs fosters regional market growth.
Additionally, the presence of notable key players and well-developed healthcare infrastructure, alongside favorable reimbursement scenarios in the region, fuel the growth of the market. Advances in biotechnology and rising RD spending to develop new test kits act as a significant tailwind for the market growth. The North American pharmaceutical quality control market is estimated to retain its dominance over the global market throughout the review period.
Europe stands second in the global pharmaceutical quality control market. The market is predominantly driven by the increase in research and development expenditures. European governments spend substantially on RD to develop new tests and to improve existing test kits. The European pharmaceutical quality control market is expected to grow pervasively in the years to come, continuing with the same trends.
The pharmaceutical quality control market in the Asia Pacific is expanding quickly. The expansion of the regional market is boosted by elements like the existence of highly qualified lab personnel and an increase in the number of biotechnology enterprises. Additionally, ongoing initiatives to increase awareness and advancements in healthcare fuel market expansion. The leading markets in the region for pharmaceutical quality control are India and China. Additionally, the region's rising per capita income drives market expansion.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
