Global Pharmaceutical Packaging Testing Equipment Market – Industry Trends and Forecast to 2024

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Global Pharmaceutical Packaging Testing Equipment Market – Industry Trends and Forecast to 2024

Global
Publish Reports
Global Pharmaceutical Packaging Testing Equipment Market
  • No of pages :
    350
  • No of Figures:
    60
  • No of Tables:
    220
  • Report Type:
    Publish
  • Category:

Global Pharmaceutical Packaging Testing Equipment Market by Equipment {permeability analyser (gas permeation tester and container gas permeability tester), package vibration tester, moisture meter, package drop tester, creasing and stiffness tester and texture analyser}, Services {container closure integrity testing(vacuum & pressure decay, high voltage leak detection, helium leak detection, and oxygen headspace), container testing (extractables testing, container permeation testing, material identification testing, and functionality testing), raw material testing, shelf life testing, microbial testing, physical chemical characterization, stability testing, environmental monitoring, visual inspection and functional testing, method validation, and batch-release testing}, End Users (contract research organizations, testing laboratories, research institutions, pharmaceutical companies, and government organisations), Geography (North America, Europe, Asia-Pacific, South America, Middle East Africa)– Industry Trends and Forecast to 2024

Global Pharmaceutical Packaging Testing Equipment Market is expected to reach USD 46.73 billion by 2024 from USD 20.87 billion in 2016, at a CAGR of 10.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The major factors driving the growth of this market are the criticality of packaging for pharmaceutical drugs, technological advancements. These factors increase the demand for pharmaceutical packaging testing equipment products. On the other hand, shortage of skilled professionals and high cost may hinder the growth of the market.

Market Segmentation: Global Pharmaceutical Packaging Testing Equipment Market

  • The global pharmaceutical packaging testing equipment market is segmented on the basis of equipment, services, and geography. The global pharmaceutical packaging testing equipment market is segmented into 6 types- permeability analyser, package vibration tester, moisture meter,  package drop tester, creasing and stiffness tester and texture analyser. In 2017, the permeability analyzer segment is expected to dominate the market with a share of 39.3% and is expected to continue this trend till 2024.
  • Pharmaceutical packaging testing equipment market is segmented into permeability analyser, package vibration tester, moisture meter, package drop tester, creasing and stiffness tester and texture analyser. Permeability analyser is segmented gas permeation tester and container gas permeability tester.
  • On the basis of services, the market is segmented into container closure integrity testing, container testing, raw material testing, shelf life testing, microbial testing, physical chemical characterization, stability testing, environmental monitoring, visual inspection and functional testing, method validation, and batch-release testing. Container testing is segmented into extractables testing, container permeation testing, material identification testing, and functionality testing. Container closure integrity testing is segmented into vacuum & pressure decay, high voltage leak detection, helium leak detection, and oxygen headspace.
  • On the basis of end users, the market is classified into contract research organizations, testing laboratories, research institutions, pharmaceutical companies, and government organisations. In 2017, the contract research organizations segment is expected to dominate the market and is expected to continue this trend till 2024.

Key Drivers: Global Pharmaceutical Packaging Testing Equipment Market

Some of the major factors driving the market for pharmaceutical packaging testing equipment market are critical of packaging for pharmaceutical drugs and mandatory guidelines. These factors increase the demand for pharmaceutical packaging testing equipment market. Rising demand for pharmaceutical packaging testing equipment, and technological advancements are the major factors driving the growth of the pharmaceutical packaging testing equipment market.

  • Shortage of skilled professionals and high cost are the factors which may hinder the growth of this market.
  • Many companies are increasingly focusing on extractables testing and vacuum and pressure decay testing in order to strengthen their product portfolios in the pharmaceutical packaging testing equipment market.
  • Increasing demand for permeability analysers, and extractables testing will drive the market in future.

Key Points: Global Pharmaceutical Packaging Testing Equipment Market

Labthink is going to dominate the pharmaceutical packaging testing equipment market following with TM Electronics, Inc. and West Pharmaceutical Services, Inc. along with others such as Qualitest International Inc, AMETEK Inc., TEN-E Packaging Services Inc, PTI packaging technologies and inspection, Albany Molecular Research Inc. (AMRI), Westpak, Inc. among others

  • Permeability analysers market is growing with the highest CAGR.
  • Globally extractables testing are driving the market with highest market share.
  • Container closure integrity testing is dominating the pharmaceutical packaging testing services market.
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