The South America GMP testing service market is expected to grow from US$ 91.66 million in 2022 to US$ 130.82 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2022 to 2028.
Flourishment of Medical Device Industry Propels the South America GMP Testing Service Market Growth
The medical devices industry is responsible for the development of medical technology that can help diagnose and treat various illnesses, in addition to the manufacturing of medical devices. The equipment produced by the medical devices industry range from common supplies such as surgical masks to high-tech imaging equipment. Medical devices such as insulin delivery systems, glucose monitors, oxygen concentrators, and nebulizers are increasingly being used for the at-home diagnosis and treatment of a few medical disorders. These devices are integrated with the patient’s EMR, wearables, cellphones, and telehealth platforms to provide critical insights for enhanced clinical and operational decision-making. According to the data provided by PRODSMART, the medical devices manufacturing industry was valued at ~US$ 4.2 billion in 2020. A rise in the incidence of chronic diseases and the growth of the geriatric population are the major factors that are expected to influence the progress of the medical device industry in the coming years. The operations of medical devices with Internet of Medical Things (IoMT) systems involve smart gadgets, smart sensors, and other lightweight communication devices. Such innovations assist healthcare companies in improving patient outcomes, lowering costs, and increasing efficiency. The GMPs are enormously important in the manufacturing of medical devices because they ensure a level of quality, safety, purity, and strength in any products that are released to the public. Adhering to these practices helps manufacturers in preventing adverse effects, product recalls, and defects, which may lead to costly liability lawsuits in the future. As quality control and consistent testing environments are pivotal for a successful manufacturing cycle, the focus on GMPs is increasing for avoiding product contamination, failure, and quality deviation. Thus, by establishing a strong system of well-regulated operational management led by GMPs, a medical device manufacturer can develop vast volumes of quality products, along with reducing cost delays.South America GMP Testing Service Market Overview
The South America GMP testing service market is subsegmented into Brazil, Argentina, and the Rest of South America. The region holds the smallest portion of the global market. The GMP testing services market in South America is expected to grab fascinating growth opportunities during the forecast period. The projected market growth in the region is attributed to the factors such as the favored establishment of pharmaceutical manufacturing facilities in the region and rising healthcare expenditure by countries. Brazil has been dominating the domestic production of pharmaceutical products, which enables its trade activities that contribute significantly to the national GDP of Brazil. The proliferation of the pharmaceuticals industry landscape is one of the major factors contributing to the GMP testing services market growth in the country.South America GMP testing service Market Segmentation
The South America GMP testing service market is segmented on the basis of service type, end user, and country. Based on service type, the South America GMP testing service market is segmented into product validation testing, bioanalytical services, packaging & shelf-life testing, and other services type. The product validation testing segment held the largest market share in 2022.- Based on end user, the South America GMP testing service market is bifurcated into pharmaceutical and biopharmaceutical companies and medical device companies. The pharmaceutical and biopharmaceutical companies segment held a larger market share in 2022.
- Based on country, the South America GMP testing service market is segmented into the Brazil, Argentina, and Rest of South America. The Brazil dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM GMP Testing Service Market - By Service Type
1.3.2 SAM GMP Testing Service Market - By End User
1.3.3 SAM GMP Testing Service Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM GMP Testing Service Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South And Central America PEST Analysis
4.3 Experts Opinion
5. SAM GMP Testing Service Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Continuous Proliferation of Pharmaceuticals Industry
5.1.2 Flourishment of Medical Device Industry
5.2 Market Restraints
5.2.1 Lack of Uniform Regulatory Framework Related to GMP Testing Services
5.3 Market Opportunities
5.3.1 Adoption of GMP Testing Services in R&D
5.4 Future Trends
5.4.1 Technological Advancements Related to GMP Testing Services Products
5.5 Impact Analysis
6. GMP Testing Service Market- SAM Analysis
6.1 SAM GMP Testing Service Market Revenue Forecasts and Analysis
6.1.1 Overview
7. SAM GMP Testing Service Market - by Service Type
7.1 Overview
7.2 GMP Testing Services Market Revenue Share, by Service Type (2021 and 2028)
7.3 Product Validation Testing
7.3.1 Overview
7.3.2 Product Validation Testing: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Bioanalytical Services
7.4.1 Overview
7.4.2 Bioanalytical Services: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Packaging and Shelf-Life Testing
7.5.1 Overview
7.5.2 Packaging and Shelf-Life Testing: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Other Service Types
7.6.1 Overview
7.6.2 Other Service Types: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
8. SAM GMP Testing Services Market - By End User
8.1 Overview
8.2 GMP Testing Services Market, by End User, 2021 and 2028 (%)
8.3 Pharmaceutical and Biopharmaceutical Companies
8.3.1 Overview
8.3.2 Pharmaceutical and Biopharmaceutical Companies: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Medical Devices Companies
8.4.1 Overview
8.4.2 Medical Devices Companies: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
9. SAM GMP Testing Service Market - By Country Analysis
9.1 South and Central America GMP Testing Services Market Revenue and Forecasts To 2028
9.1.1 Overview
9.1.2 South and Central America: GMP Testing Services Market, by Country, 2022 & 2028 (%)
9.1.2.1 Brazil: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.1.1 Overview
9.1.2.1.2 Brazil: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.1.3 Brazil: GMP Testing Services Market, by Service Type, 2019-2028 (USD Million)
9.1.2.1.4 Brazil GMP Testing Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
9.1.2.2 Argentina: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.2.1 Overview
9.1.2.2.2 Argentina: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.2.3 Argentina: GMP Testing Services Market, by Service Type, 2019-2028 (USD Million)
9.1.2.2.4 Argentina GMP Testing Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
9.1.2.3 Rest of South and Central America: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 Overview
9.1.2.3.2 Rest of South and Central America: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.3.3 Rest of South and Central America: GMP Testing Services Market, by Service Type, 2019-2028 (USD Million)
9.1.2.3.4 Rest of South and Central America GMP Testing Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
10. GMP Testing Service Market - Industry Landscape
10.1 Overview
10.2 Growth Strategies Done by the Companies in the Market, (%)
10.3 Organic Developments
10.3.1 Overview
10.4 Inorganic Developments
10.4.1 Overview
11. Company Profiles
11.1 Eurofins Scientific
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Almac Group
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 INTERTEK GROUP PLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 WuXi AppTec
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Sartorius AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 North American Science Associates, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Nelson Laboratories, LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Thermo Fisher Scientific Inc. (PPD Inc.)
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms for GMP Testing Services Market
Table 1. Brazil: GMP Testing Services Market, by Service Type - Revenue and Forecast to 2028 (USD Million)
Table 2. Brazil GMP Testing Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 3. Argentina: GMP Testing Services Market, by Service Type - Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina GMP Testing Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 5. Rest of South and Central America: GMP Testing Services Market, by Service Type - Revenue and Forecast to 2028 (USD Million)
Table 6. Rest of South and Central America GMP Testing Services Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 7. Organic Developments Done By Companies
Table 8. Inorganic Developments Done By Companies
Table 9. Glossary of Terms
Figure 1. SAM GMP Testing Service Market Segmentation
Figure 2. SAM GMP Testing Service Market, By Country
Figure 3. SAM GMP Testing Service Market Overview
Figure 4. Product Validation Testing Segment Held Largest Share of Surgery Type Segment in GMP Testing Service Market
Figure 5. Brazil is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. South And Central America: PEST Analysis
Figure 7. SAM Experts Opinion
Figure 8. SAM Impact Analysis
Figure 9. SAM GMP Testing Service Market - Revenue Forecasts and Analysis - 2020- 2028
Figure 10. SAM GMP Testing Services Market Revenue Share, by Service Type (2021 and 2028)
Figure 11. SAM Product Validation Testing: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Bioanalytical Services: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Packaging and Shelf-Life Testing: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Other Service Types: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM GMP Testing Services Market, by End User, 2021 and 2028 (%)
Figure 16. SAM Pharmaceutical and Biopharmaceutical Companies: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Medical Devices Companies: GMP Testing Services Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. South and Central America: GMP Testing Services Market, by Key Country - Revenue (2021) (USD Million)
Figure 19. South and Central America: GMP Testing Services Market, by Country, 2022 & 2028 (%)
Figure 20. Brazil: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
Figure 21. Argentina: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
Figure 22. Rest of South and Central America: GMP Testing Services Market - Revenue and Forecast to 2028 (USD Million)
Figure 23. Growth Strategies Done by the Companies in the Market, (%)
Companies Mentioned
- Eurofins Scientific
- Almac Group
- INTERTEK GROUP PLC
- WuXi AppTec
- Sartorius AG
- North American Science Associates, Inc.
- Nelson Laboratories, LLC.
- Thermo Fisher Scientific Inc. (PPD Inc.)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 107 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 91.66 Million |
| Forecasted Market Value ( USD | $ 130.82 Million |
| Compound Annual Growth Rate | 6.1% |
| No. of Companies Mentioned | 8 |
