About Good Manufacturing Practice
Good Manufacturing Practices release testing necessary requirement to ensure high-quality pharmaceuticals and biopharmaceuticals before the sale. This testing helps to reduce human errors and developed human assessment tool. The Stability programs are the fundamental component for product development and playing a major role in the lifecycle of pharmaceutical products especially in the development of Investigational New drug. These analytic provide development and validation of stability methods to identify and degradation products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Good Manufacturing Practice market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Good Manufacturing Practice market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United Kingdom Players will contribute the maximum growth to Global Good Manufacturing Practice market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Intertek (United Kingdom), PPD (United States), SGS (Switzerland), Applus Services (Spain), Bureau Veritas (France), Element Materials Technology (United Kingdom), NNE (Denmark), Merck KGaA (Germany), Mastercontrol (United States) and European Medicines Agency (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pharmazone (India).
Segmentation Overview
AMA Research has segmented the market of Global Good Manufacturing Practice market by , Application (Food & Beverages, Cosmetics, Textiles, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Good Manufacturing Practice has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Testing Types, the sub-segment i.e. Batch Release Testing will boost the Good Manufacturing Practice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functions, the sub-segment i.e. Technical will boost the Good Manufacturing Practice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Inspection Approach Type, the sub-segment i.e. Quality Systems will boost the Good Manufacturing Practice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Stability Services, the sub-segment i.e. CGMP Registration Stability Programs will boost the Good Manufacturing Practice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Analytic Technology Advancement
Market Growth Drivers:
Increasing Demand from Manufacturing and Quality Expert at Pharma Directions and Increase Government Initiatives Regarding Quality Issues
Challenges:
Failure Equipment May Directly Affect Safety or the Environment and Product Quality and Adapting GMP Implementation Based On Risk
Opportunities:
Investment & Business Opportunities in Herbal Industry
Market Leaders and their expansionary development strategies
In November 2023, Baker McKenzie advised Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO) on the acquisition of 68.0% of the shares in Swiss pharmaceutical company Osmopharm S.A. (Osmopharm) and on divesting 76.4% in Egyptian pharmaceutical manufacturer SPIMACO Misr for Pharmaceutical Industries S.A.E. by way of a share swap and against a cash consideration to be paid by SPIMACO.
In Jan 2019, Sarepta Therapeutics announced to enter into a strategic relationship with Aldevron for GMP-grade Plasmid in Support of Gene Therapy Development and Commercial Manufacturing Strategy. Under this agreement, Aldevron will provide therapy programs for other CNS diseases.
In Mar 2019, FSSAI rolls out guidelines on Food Safety Management System to implement good manufacturing practices or good hygiene practices demanded milk products.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, GMP Service Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.