Pharmaceutical Quality Control Market Research Report Analysis 2022 – 2032 by Share, Trends, Growth, Industry Analysis

pharmaceutical quality control market is expected to witness substantial growth in the coming years

VANCOUVER, BRITISH COLUMBIA, CANADA, July 8, 2024 /EINPresswire.com/ -- The global pharmaceutical quality control market is expected to witness substantial growth in the coming years, fueled by a confluence of factors. This press release by Emergen Research delves into the key trends, drivers, and restraints shaping the market landscape, offering valuable insights for industry stakeholders.

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Market Overview and Trends

The pharmaceutical quality control market plays a critical role in ensuring the safety, efficacy, and purity of drugs. The market size was valued at USD 2.28 billion in 2022 Emergen Research and is projected to reach USD 6.21 billion by 2032, exhibiting a robust CAGR of 10.6% Emergen Research. This growth can be attributed to several key trends:

Increasing Stringency of Regulations: Regulatory bodies worldwide are implementing stricter quality control measures to safeguard public health. This necessitates robust quality control processes for pharmaceutical companies.

Rising Demand for Generic Drugs: The burgeoning demand for cost-effective generic drugs necessitates stringent quality control practices to ensure bioequivalence and regulatory compliance.

Technological Advancements: Advancements in analytical instrumentation, such as chromatography and mass spectrometry, are enabling more efficient and accurate quality control testing.

Growing Focus on Biologics: The increasing development and adoption of complex biologics require specialized quality control procedures, propelling market growth.

Drivers and Restraints

The market benefits from several growth drivers:

Growing prevalence of chronic diseases

Rising healthcare expenditure

Expanding pharmaceutical industry in emerging economies

However, certain factors may impede market growth:

High costs associated with implementing and maintaining quality control systems

Stringent regulatory requirements can pose operational challenges

Skilled labor shortage in quality control departments

Growth Opportunities

Several promising avenues exist for market expansion:

Development of automated and integrated quality control solutions

Growing adoption of contract research organizations (CROs) for quality control services

Increasing demand for outsourced quality control testing in developing regions

Key Market Insights

The market is segmented by product (instruments, consumables, services), technology (chromatography, spectroscopy, mass spectrometry), and application (drug discovery, preclinical development, clinical trials, commercial manufacturing).

Instruments hold the dominant market share due to the expanding generic drug market.

North America is the leading regional market, followed by Europe and Asia Pacific.

SWOT Analysis

Strengths:

Growing demand for safe and efficacious drugs

Technological advancements in quality control processes

Increasing focus on patient safety

Weaknesses:

High costs associated with quality control systems

Stringent regulations can be complex to navigate

Limited availability of skilled labor

Opportunities:

Development of innovative quality control solutions

Growing adoption of outsourcing for quality control services

Expansion into emerging markets

Threats:

Counterfeiting of drugs

Fluctuations in raw material prices

Stringent regulatory changes

Latest Strategic Developments, Mergers, and Acquisitions

In November 2022, Nassau Financial Group disclosed its commitment for acquiring Delaware Life Insurance Company of New York through a formal and binding agreement with Delaware Life Insurance Company.

On 22 October, 2021, Bosch Packaging Technology, a division of Robert Bosch GmbH, introduced the MLF 5088, a new filling and closing machine for pharmaceutical vials. This machine is intended to be used in pharmaceutical production plants, where it provides excellent precision and flexibility in filling and sealing vials of various sizes and varieties.

Pharmaceutical Quality Control Top Companies and Competitive Landscape

The global pharmaceutical quality control market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective pharmaceutical quality control solutions.

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Some major players included in the global pharmaceutical quality control market report are:

ACG

Busch Machinery, Inc.

Uhlmann

Korber AG

MULTIVAC

Duke Technologies

Coesia S.p.A.

Marchesini Group S.p.A.

NJM Packaging Inc.

MG2 s.r.l.

Pharmaceutical Quality Control Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global pharmaceutical quality control market on the basis of product, analysis type, deployment type, end use, and region:

Product Outlook (Revenue, USD Billion; 2019-2032)

Consumables

Instruments

Services

Analysis Type Outlook (Revenue, USD Billion; 2019-2032)

Sterility testing

Extractable and leachable testing

Endotoxin testing

Stability testing

Raw material testing

Others

Deployment Type Outlook (Revenue, USD Billion; 2019-2032)

Cloud-based & web-based

On-premises

End-Use Outlook (Revenue, USD Billion; 2019-2032)

Pharmaceutical and biotechnology companies

CDMO/CRO

Research laboratories

Regional Outlook (Revenue, USD Billion; 2019–2032)

North America

U.S.

Canada

Europe

Germany

France

UK

Italy

Spain

Benelux

Russia

Rest of Europe

Asia Pacific

China

Japan

South Korea

India

ASEAN Countries

Oceania

Rest of APAC

Latin America

Brazil

Mexico

Rest of LATAM

Middle East & Africa

GCC Countries

Israel

Turkey

South Africa

Rest of Middle East & Africa

Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
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