The global biopharmaceuticals manufacturing consumables testing market size
is expected to reach USD 709.92 million by 2025 at a 12.1% CAGR, according to a
new report by Grand View Research, Inc. The market is driven by growing need
for in-depth assessment of raw materials for successful and rapid launch of the
final product. Rising awareness pertaining to internal standards as well as
external regulations in the biopharmaceutical industry is also aiding market
growth.
In the past few years, there has been a major
paradigm shift from small chemical molecules to large biological molecules. As
a result, the biopharmaceutical industry is geared toward exploring every
aspect involved in the manufacturing process.
Regulatory and quality expectations for best
quality raw materials and intermediates continue to increase. This, in turn,
has pressurized vendors engaged in manufacturing of excipients and raw
materials to invest in standardizing functionality as well as establishing
sophisticated processes to consistently address the needs of final product
developers.
For full research report on Biopharmaceuticals
Manufacturing Consumables Testing Market visit here: https://www.grandviewresearch.com/industry-analysis/biopharmaceuticals-manufacturing-consumables-testing-market
Further key
findings from the report suggest:
- Based on service, compendial and
multi-compendial testing held the largest share owing to demand from
various manufacturers for raw materials that are compliant to regulatory
standards
- Testing services for Active Pharmaceutical
Ingredients (APIs) accounted for the largest revenue share owing to
presence of a wide range of services in this segment
- Presence of a large number of biologics
manufacturing entities in U.S. has resulted in North America dominating
the global market in 2017. Rising competitive rivalry amongst market
participants is also attributive for the large share of this region
- Asia Pacific is expected to emerge as the
fastest growing regional market, fueled primarily by expansion of the
contract service industry in several Asian countries. This is partly
attributed to low operating costs in these nations
- Key service providers in the market include
Eurofins Scientific; Merck KGaA; Charles River; Agilent Technologies; and
Catalent, Inc. These service providers are engaged in contract
partnerships with major biopharmaceutical manufacturing companies.
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Grand
View Research has segmented the global biopharmaceuticals manufacturing
consumables testing market on the basis of service, raw material type, and
region:
Biopharmaceuticals
Manufacturing Consumables Testing Service Outlook (Revenue, USD Million, 2014 -
2025)
- Laboratory Testing
- Chemical Analysis
Testing
- Enzyme Testing
- Stability Testing
- Sterility Testing
- Others
- Custom Testing /
Customer Proprietary Testing
- Compendial &
Multi Compendial Laboratory Testing
Biopharmaceuticals
Manufacturing Consumables Testing Raw Material Type Outlook (Revenue, USD
Million, 2014 - 2025)
- Formulation
Excipients
- Active
Pharmaceutical Ingredients (API)
- Compendial Methods
(USP / EP / JP) Based Vendor Qualification Program Support
Biopharmaceuticals
Manufacturing Consumables Testing Regional Outlook (Revenue, USD Million, 2014
- 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Latin America
- Brazil
- Middle East &
Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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