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

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

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

North America 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), Country (U.S., Canada, Mexico)– Industry Trends and Forecast to 2024

North America Pharmaceutical Packaging Testing Equipment Market is expected to reach USD 1,721.8 million by 2024 from USD 811.9 million in 2016, at a CAGR of 9.8% 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 growing pharmaceutical market and new packaging material developments. These factors increase the demand for pharmaceutical packaging testing equipment. On the other hand, shortage of skilled professionals and high cost may hinder the growth of the market.

Market Segmentation: North America Pharmaceutical Packaging Testing Equipment Market

  • The North America pharmaceutical packaging testing equipment market is segmented on the basis of product type, application, end user, distribution channel, and geography. The North America 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 analyser segment is expected to dominate the market with a share of 39.1% 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 sub-segmented into 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 sub-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: North America Pharmaceutical Packaging Testing Equipment Market

Some of the major factors driving the market are growing pharmaceutical market, new packaging material developments. These factors increase the demand for pharmaceutical packaging testing equipment. 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: North America Pharmaceutical Packaging Testing Equipment Market

Lab think 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.
  • Container closure integrity testing is dominating the pharmaceutical packaging testing services market.
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