GMP Testing Service Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The GMP testing service market size is projected to reach US$ 2.64 billion by 2031 from US$ 1.57 billion in 2023. The market is expected to register a CAGR of 6.7% during 2023–2031. Innovations in analytical methods and equipment are likely to remain key trends in the market.

GMP Testing Service Market Analysis

Proliferation of pharmaceutical industry is the key factor driving the market's growth. The Indian pharmaceutical industry was values US$ 50 billion in 2023 and is expected to reach $65 Bn by 2024 and to $130 Bn by 2030. Thus, growing pharmaceutical industry is likely to increase the demand for GMP testing services.

GMP Testing Service Market Overview

Increasing regulatory requirements, growing drug development activities, rise in development of biopharmaceuticals and biosimilars, increase in outsourcing of testing services to contract research organizations (CROs) and contract manufacturing organizations (CMOs), growing pharmaceutical industry in the emerging markets, development of medical devices to treat chronic diseases are factors driving the growth of the GMP testing service market.

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GMP Testing Service Market: Strategic Insights

Market Size Value in	US$ 1,830.57 Million in 2021
Market Size Value by	US$ 2,863.42 Million by 2028
Growth rate	CAGR of 6.7% from 2022 to 2028
Forecast Period	2022-2028
Base Year	2021

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GMP Testing Service Market Drivers and Opportunities

Flourishing Medical Device Industry is likely to Increase the Demand for GMP Testing Service.

Medical device manufacturers must comply with GMP regulations to meet the regulatory requirements of FDA, EMA or any other international regulatory agency. GMP tests ensures the quality and the specified standard of medical device. As per the German Medical Technology Association (BVMed), Germany is the holds the largest number of patent applications in the MedTech industry across the globe. In 2022, the German medical technology industry registered 1,391 patents with the European Patent Office. Thus, growing innovations in the medical technology industry is likely to increase the demand for GMP testing services.

Emerging Markets

Growing medical device and pharmaceutical industry, improving healthcare infrastructure, growing regulatory requirements to align with international standards, the growing export of healthcare products and rising investments in the healthcare industry are likely to create growth opportunities for the GMP testing service market in emerging markets.  For instance, South Korea exports reached US$ 7,878 million in 2022 from US$ 3,710 million in 2019.

GMP Testing Service Market Report Segmentation Analysis

Key segments that contributed to the derivation of the GMP testing service market analysis are product, and end user.

• Based on service type, the global GMP testing service market is segmented into product validation testing, bioanalytical services, packaging and shelf-life testing, and other service types. The product validation testing segment held the largest market share in 2023. Moreover, the product validation testing segment is expected to register the highest CAGR during the forecast period.
• By end-user, the global GMP testing service market is segmented into pharmaceutical & biopharmaceutical companies and medical devices companies. The pharmaceutical and biopharmaceutical segment held the largest share of the market in 2023 and the same segment is anticipated to register the highest CAGR in the market during the forecast period.

GMP Testing Service Market Share Analysis by Geography

The geographic scope of the GMP testing service market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The North America GMP testing service market is segmented into the US, Canada, and Mexico. The US held the largest share of the North America GMP testing service market in 2021. The growing pharmaceutical industry and the increasing need for developing novel drugs and medical devices are accelerating the growth of North America's GMP testing service market. Moreover, the rising government health expenditure and the rising outsourcing activities for quality assurance of medical products are propelling the market's expansion in this region.

Asia Pacific (APAC) is the fastest-growing regional market for GMP testing services. Asia Pacific GMP testing services market is segmented into China, India, Japan, South Korea, Australia, and Rest of APAC. Asia Pacific has accounted market share of the global GMP testing services market, owing to growing pharmaceutical industry along with rising number of players in the region.  Regulation and rising awareness are also boost the GMP testing services demand. These factors are expected to propel the Asia Pacific GMP testing services market in the coming years.

GMP Testing Service Market Report Scope

GMP Testing Service Market News and Recent Developments

The GMP testing service market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the GMP testing service market are listed below:

• The Tübingen analytics group of Berghof Analytik und Umwelt engineering GmbH is now part of the Eurofins network of companies. Under the name Eurofins Food Testing Süd GmbH, a new GMP analytics site is established with a focus on residue analysis in herbal raw materials, extracts and pharmacopoeia analysis (Source: Eurofins Scientific, Press Release, April 2022)
• Almac Group Announced £500,000 Investment in NMR Technology to Enhance Security, Flexibility, and Capacity in Analytical Services. High-resolution NMR is a key enabling technology that delivers advanced characterisation and purity assessment abilities in line with regulatory requirements. The service helps deliver comprehensive solutions that support drug substance (API) and drug product development programs, from early phase to commercialisation.  (Source: Almac Group, Newsletter, April 2022)
• Nelson Labs launched the Nelson Labs Mark, a verification program for product testing that authenticates test reports and provides reliable data on product performance. The new offering empowers consumers to make informed decisions when purchasing face masks and respirators and provides credible manufacturers with the means to differentiate their products from others on the market. (Source: Nelson Labs, Newsletter, February 2022)

GMP Testing Service Market Report Coverage and Deliverables

The “GMP Testing Service Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• GMP testing service market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• GMP testing service market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• GMP testing service market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the GMP testing service market
• Detailed company profiles