Product Code: GVR-4-68039-936-6
Pharmaceutical Stability And Storage Services Market Growth & Trends:
The global pharmaceutical stability and storage services market size is anticipated to reach USD 2.80 billion by 2030, registering to grow at a CAGR of 6.47% from 2024 to 2030, according to a new report by Grand View Research, Inc. Stability and storage is a mandatory regulation in various regions. For instance, different regulatory authorities have different data requirements and testing rules for testing stability. Even though FDA and EMA follow the ICH guidelines for stability testing, they still have different microbiological limits for stability tests. This has improved the demand for stability testing outsourcing services and is likely to have a positive impact on the market.
The COVID-19 pandemic had increased the demand for COVID-19 vaccines globally. The growing vaccine drive by the government authorities is likely to drive the demand for stability and storage of commercial COVID-19 vaccines. In recent years pharmaceutical R&D spending has improved significantly. The growing R&D spending is expected to improve the number of drugs in the clinical stage. Stability testing is required for the approval of each phase of a clinical trial. This is further driving the market growth. Moreover, Biosimilar drugs are highly similar copies of biologics and are very cheaper, as compared to biologics.
Biosimilar drugs are widely used in cancer, autoimmune diseases, and other diseases. This is contributing to the demand for biosimilar drugs and thereby is expected to drive the market demand. There has been a rise in several diseases post-COVID-19. For instance, according to a report published by Children's National Hospital- pediatric research and clinical innovations center, a study was performed on 737 youths who were diagnosed with diabetes, and it found an increased incidence of pediatric Type 1 Diabetes (T1D) by 15.2% and Type 2 Diabetes (T2D) increased by 182% between March 11, 2018, and March 10, 2021. The rise in the disease incidence is expected to improve, drug production, which is likely to drive the market demand.
Pharmaceutical Stability And Storage Services Market Report Highlights:
- Stability testing services dominated the market with a share of 73.5% in 2023. The growth of the segment is mainly due to its important role in regulatory compliance, product safety, and efficacy.
- The small molecule segment dominated the market in 2023. There have been significant advancements in small molecule drug development. Small molecules account for around 90% of all pharmaceutical drugs and are used to treat a range of conditions, including fever, migraines, cancer, diabetes, and other prevalent diseases.
- North America pharmaceutical stability and storage service market dominated the global industry and accounted for a 40% share in 2023. The growth in the region is attributed to the presence of several pharmaceutical and biotech companies in the region, coupled with increasing research and development activities are driving the region's market growth.
- The pharmaceutical stability and storage services market in Asia Pacific is expected to grow at the highest CAGR over the forecast period. Asia Pacific is becoming a major center for clinical trials due to its large and diverse patient population and favorable regulatory environments.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.6.1. Commodity Flow Analysis
- 1.6.2. Bottom-up Approach
- 1.7. List of Secondary Sources
- 1.8. List of Abbreviations
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Pharmaceutical Stability & Storage Services Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook.
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. High R&D Spending of Pharmaceutical & Biotechnology Companies
- 3.2.1.2. Growing Demand for Outsourcing Stability Testing Due to High Complexity Associated with Drug Stability
- 3.2.1.3. Growing Demand for Biosimilars
- 3.2.1.4. Growing Outsourcing Trend in the Market
- 3.2.2. Market restraint analysis
- 3.2.2.1. Strict Regulations for Global Pharmaceutical Stability and Storage Services Drugs
- 3.2.2.2. Issues Associated with Stability Chambers
- 3.3. Cost Structure of Stability and Storage
- 3.4. Pharmaceutical Stability & Storage Services Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. PESTEL Analysis
Chapter 4. Pharmaceutical Stability & Storage Services Market: Service Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Global Pharmaceutical Stability & Storage Services Market; Service Movement Analysis
- 4.3. Global Pharmaceutical Stability & Storage Services Size & Trend Analysis, by Service, 2018 to 2030 (USD Million)
- 4.4. Stability
- 4.4.1. Stability market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. Drug Substance
- 4.4.2.1. Drug substance market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.3. Stability Indicating Method Validation
- 4.4.3.1. Stability indicating method validation market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.4. Accelerated Stability Testing
- 4.4.4.1. Accelerated stability testing market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.5. Photostability Testing
- 4.4.5.1. Photostability testing market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.6. Other Stability Testing Methods
- 4.4.6.1. Other stability testing methods market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5. Storage
- 4.5.1. Storage market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5.2. Cold
- 4.5.2.1. Cold market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5.3. Non-cold
- 4.5.3.1. Non-cold market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Pharmaceutical Stability & Storage Services Market: Molecule Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Global Pharmaceutical Stability & Storage Services Market; Molecule Movement Analysis
- 5.3. Global Pharmaceutical Stability & Storage Services Size & Trend Analysis, by Molecule, 2018 to 2030 (USD Million)
- 5.4. Small Molecule
- 5.4.1. Small molecule market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.2. Research Products
- 5.4.2.1. Research products market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.3. Commercial Products
- 5.4.3.1. Commercial products market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5. Large Molecule
- 5.5.1. Large molecule market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5.2. Research Products
- 5.5.2.1. Research products market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5.3. Commercial Products
- 5.5.3.1. Commercial products market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Pharmaceutical Stability & Storage Services Market: Regional Estimates & Trend Analysis
- 6.1. Regional Market Share Analysis, 2023 & 2030
- 6.2. Regional Market Dashboard
- 6.3. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 6.4. North America
- 6.4.1. North America Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.4.2. U.S.
- 6.4.2.1. Key country dynamics
- 6.4.2.2. Competitive scenario
- 6.4.2.3. Regulatory framework
- 6.4.2.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.3. Canada
- 6.4.3.1. Key country dynamics
- 6.4.3.2. Competitive scenario
- 6.4.3.3. Regulatory framework
- 6.4.3.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.4. Mexico
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Competitive scenario
- 6.4.4.3. Regulatory framework
- 6.4.4.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5. Europe
- 6.5.1. Europe Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.5.2. UK
- 6.5.2.1. Key country dynamics
- 6.5.2.2. Competitive scenario
- 6.5.2.3. Regulatory framework
- 6.5.2.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5.3. Germany
- 6.5.3.1. Key country dynamics
- 6.5.3.2. Competitive scenario
- 6.5.3.3. Regulatory framework
- 6.5.3.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5.4. France
- 6.5.4.1. Key country dynamics
- 6.5.4.2. Competitive scenario
- 6.5.4.3. Regulatory framework
- 6.5.4.4. France market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5.5. Italy
- 6.5.5.1. Key country dynamics
- 6.5.5.2. Competitive scenario
- 6.5.5.3. Regulatory framework
- 6.5.5.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5.6. Spain
- 6.5.6.1. Key country dynamics
- 6.5.6.2. Competitive scenario
- 6.5.6.3. Regulatory framework
- 6.5.6.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5.7. Denmark
- 6.5.7.1. Key country dynamics
- 6.5.7.2. Competitive scenario
- 6.5.7.3. Regulatory framework
- 6.5.7.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5.8. Sweden
- 6.5.8.1. Key country dynamics
- 6.5.8.2. Competitive scenario
- 6.5.8.3. Regulatory framework
- 6.5.8.4. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5.9. Norway
- 6.5.9.1. Key country dynamics
- 6.5.9.2. Competitive scenario
- 6.5.9.3. Regulatory framework
- 6.5.9.4. Norway market estimates and forecasts 2018 to 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.6.2. Japan
- 6.6.2.1. Key country dynamics
- 6.6.2.2. Competitive scenario
- 6.6.2.3. Regulatory framework
- 6.6.2.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 6.6.3. China
- 6.6.3.1. Key country dynamics
- 6.6.3.2. Competitive scenario
- 6.6.3.3. Regulatory framework
- 6.6.3.4. China market estimates and forecasts 2018 to 2030 (USD Million)
- 6.6.4. India
- 6.6.4.1. Key country dynamics
- 6.6.4.2. Competitive scenario
- 6.6.4.3. Regulatory framework
- 6.6.4.4. India market estimates and forecasts 2018 to 2030 (USD Million)
- 6.6.5. Australia
- 6.6.5.1. Key country dynamics
- 6.6.5.2. Competitive scenario
- 6.6.5.3. Regulatory framework
- 6.6.5.4. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 6.6.6. South Korea
- 6.6.6.1. Key country dynamics
- 6.6.6.2. Competitive scenario
- 6.6.6.3. Regulatory framework
- 6.6.6.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 6.6.7. Thailand
- 6.6.7.1. Key country dynamics
- 6.6.7.2. Competitive scenario
- 6.6.7.3. Regulatory framework
- 6.6.7.4. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
- 6.7. Latin America
- 6.7.1. Latin America Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.7.2. Brazil
- 6.7.2.1. Key country dynamics
- 6.7.2.2. Competitive scenario
- 6.7.2.3. Regulatory framework
- 6.7.2.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 6.7.3. Argentina
- 6.7.3.1. Key country dynamics
- 6.7.3.2. Competitive scenario
- 6.7.3.3. Regulatory framework
- 6.7.3.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 6.8. MEA
- 6.8.1. MEA Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.8.2. South Africa
- 6.8.2.1. Key country dynamics
- 6.8.2.2. Competitive scenario
- 6.8.2.3. Regulatory framework
- 6.8.2.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 6.8.3. Saudi Arabia
- 6.8.3.1. Key country dynamics
- 6.8.3.2. Competitive scenario
- 6.8.3.3. Regulatory framework
- 6.8.3.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 6.8.4. UAE
- 6.8.4.1. Key country dynamics
- 6.8.4.2. Competitive scenario
- 6.8.4.3. Regulatory framework
- 6.8.4.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
- 6.8.5. Kuwait
- 6.8.5.1. Key country dynamics
- 6.8.5.2. Competitive scenario
- 6.8.5.3. Regulatory framework
- 6.8.5.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Position Analysis, 2023
- 7.3. Company Profiles
- 7.3.1. Catalent, Inc
- 7.3.1.1. Company overview
- 7.3.1.2. Financial performance
- 7.3.1.3. Service benchmarking
- 7.3.1.4. Strategic initiatives
- 7.3.2. Almac Group
- 7.3.2.1. Company overview
- 7.3.2.2. Financial performance
- 7.3.2.3. Service benchmarking
- 7.3.2.4. Strategic initiatives
- 7.3.3. Charles River Laboratories
- 7.3.3.1. Company overview
- 7.3.3.2. Financial performance
- 7.3.3.3. Service benchmarking
- 7.3.3.4. Strategic initiatives
- 7.3.4. SGS Societe Generale de Surveillance SA.
- 7.3.4.1. Company overview
- 7.3.4.2. Financial performance
- 7.3.4.3. Service benchmarking
- 7.3.4.4. Strategic initiatives
- 7.3.5. Eurofins Scientific
- 7.3.5.1. Company overview
- 7.3.5.2. Financial performance
- 7.3.5.3. Service benchmarking
- 7.3.5.4. Strategic initiatives
- 7.3.6. Intertek Group plc
- 7.3.6.1. Company overview
- 7.3.6.2. Financial performance
- 7.3.6.3. Service benchmarking
- 7.3.6.4. Strategic initiatives
- 7.3.7. Lucideon Limited
- 7.3.7.1. Company overview
- 7.3.7.2. Financial performance
- 7.3.7.3. Service benchmarking
- 7.3.7.4. Strategic initiatives
- 7.3.8. Alcami Corporation
- 7.3.8.1. Company overview
- 7.3.8.2. Financial performance
- 7.3.8.3. Service benchmarking
- 7.3.8.4. Strategic initiatives
- 7.3.9. Element Materials Technology
- 7.3.9.1. Company overview
- 7.3.9.2. Financial performance
- 7.3.9.3. Service benchmarking
- 7.3.9.4. Strategic initiatives
- 7.3.10. BioLife Solutions Inc.
- 7.3.10.1. Company overview
- 7.3.10.2. Financial performance
- 7.3.10.3. Service benchmarking
- 7.3.10.4. Strategic initiatives
- 7.3.11. Q1 Scientific
- 7.3.11.1. Company overview
- 7.3.11.2. Financial performance
- 7.3.11.3. Service benchmarking
- 7.3.11.4. Strategic initiatives
- 7.3.12. Reading Scientific Services Ltd.
- 7.3.12.1. Company overview
- 7.3.12.2. Financial performance
- 7.3.12.3. Service benchmarking
- 7.3.12.4. Strategic initiatives
- 7.3.13. Roylance Stability Storage Limited
- 7.3.13.1. Company overview
- 7.3.13.2. Financial performance
- 7.3.13.3. Service benchmarking
- 7.3.13.4. Strategic initiatives
- 7.3.14. ALS
- 7.3.14.1. Company overview
- 7.3.14.2. Financial performance
- 7.3.14.3. Service benchmarking
- 7.3.14.4. Strategic initiatives
- 7.3.15. Q Laboratories
- 7.3.15.1. Company overview
- 7.3.15.2. Financial performance
- 7.3.15.3. Service benchmarking
- 7.3.15.4. Strategic initiatives
- 7.3.16. Auriga Research Private Limited
- 7.3.16.1. Company overview
- 7.3.16.2. Financial performance
- 7.3.16.3. Service benchmarking
- 7.3.16.4. Strategic initiatives
- 7.3.17. PD Partners
- 7.3.17.1. Company overview
- 7.3.17.2. Financial performance
- 7.3.17.3. Service benchmarking
- 7.3.17.4. Strategic initiatives
- 7.3.18. Precision Stability Storage
- 7.3.18.1. Company overview
- 7.3.18.2. Financial performance
- 7.3.18.3. Service benchmarking
- 7.3.18.4. Strategic initiatives