Pharmaceutical Quality Control Market Report Online
The global Pharmaceutical Quality Control market size was estimated at USD 4.2 billion in 2022 and is projected to reach USD 9.64 billion in 2030 at a CAGR of 11.2% during the forecast period 2023-2030.
Pharmaceutical quality control is the integration of all processes to ensure the identity and purity of a particular pharmaceutical product. The global pharmaceutical quality control market is growing rapidly due to the growing awareness of pharmaceutical quality control. Increasing development of comprehensive analytical tests is driving the growth of the market. Demand for integrated analytical services covering all stages of drug research, development and manufacturing also continues to drive the market growth. In addition, the growing demand for pharmaceutical quality control due to the global outbreak of the novel coronavirus disease (COVID-19) presents an opportunity for the market. Technical issues are the major factors restraining the growth of the pharmaceutical quality control market. However, complex and time-consuming regulatory guidelines pose challenges to the growth of the pharmaceutical quality control market.
Therefore, these facilities and their processes must comply with current FDA Good Manufacturing Practices (cGMP). To manufacture and market their products, companies must also comply with the International Organization for Standardization (ISO), 21 CFR Part 211, and the ICH Q10 guidelines. Manufacturers are eager to adopt quality management systems due to the increasing importance of regulatory requirements and market expansion. Coronavirus disease has had a significant impact on the growth of the Pharmaceutical Quality Control market. The epidemic has increased the demand for safe and sterile items. Therefore, pharmaceutical companies are now focusing more on the production of high quality products. In addition, significant player growth and investment has driven the Pharmaceutical Quality Control market value.
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Last Update : Jul 28, 2023 6:18 AM
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