Extractable And Leachable Testing Services Market Size, Share & Trends Analysis Report By Product (Container Closure Systems, Drug Delivery Systems), By Application (Parenteral Drug Products, OINDP), By Region, And Segment Forecasts, 2023 - 2030
Extractable And Leachable Testing Services Market Growth & Trends:
The global extractable and leachable testing services market size is expected to reach a value of USD 2.57 billion by 2030, according to a new report by Grand View Research, Inc.., exhibiting a CAGR of 15.13% from 2023 to 2030. The market is expanding due to several factors, including the rising demand for biopharmaceuticals and the increasing concern about cross-contamination and patient safety. E&L testing ensures the identification of potential sources of contamination and helps in delivering safe and compatible drug products.
The significant growth in bioprocess engineering innovations has driven notable advancements in single-use systems. The increased adoption of biopharmaceuticals has further fueled progress in this field. Additionally, a growing number of studies evaluating the efficacy of single-use bioprocesses are raising awareness about these technologies. Single-use systems offer numerous advantages, including reduced risk of cross-contamination, faster turnaround times, cost-effectiveness, and greater flexibility in adjusting production volumes. Thus, the rising demand for single-use systems is anticipated to propel the growth of the market over the period of time.
Furthermore, the evolving regulatory norms have created significant demand for E&L testing capabilities to analyze healthcare products. This encouraged E&L testing service providers to develop precise and custom testing solutions. For instance, in November 2022, Smithers organized the Europe E&L conference in Germany. The company has been organizing such events past 15 years. These conferences focus on the growing importance of E&L testing and updates about dynamic regulations for E&L testing. Thus, such initiatives are anticipated to fuel the growth of the market over the forecast period.
The leachable and extractable testing services are crucial in identifying foreign substances in single-use systems and finished formulations that could potentially impact human health. However, these services are complex and subject to change due to factors like evolving regulatory requirements, diverse product types, various analytical techniques, and result variations. Service providers must navigate these variables appropriately. For instance, a wide range of analytical techniques, including UPLC, HPLC, Q-TOF, FTIR, accelerated solvent extraction, and GC-TEA, are used for extractable analysis. Selecting the right analytical techniques for specific product types can be a challenging and intricate task.
Extractable And Leachable Testing Services Market Report Highlights:
Based on product type, the container closure systems segment dominated with a market share of 31% in 2022, primarily due to its capacity to offer long-term stability.
On the basis of application, the orally inhaled and nasal drug products segment accounted for the highest market share of 41.88% in 2022. The large share is mainly driven by the growing demand for novel drug delivery methods.
In 2022, North America held the leading position with a revenue share of 43.71%. A large share of the region's widespread adoption of innovative technologies and biopharmaceuticals for clinical analysis and treatment. Additionally, government initiatives aimed at boosting research and development centers are expected to further drive market growth in the region. These factors are anticipated to boost the market for extractable and leachable testing services in the region over the forecast period.
During the forecast period, the Asia Pacific demonstrated a significant growth among regions, with a remarkable CAGR of 15.32%. The region's rapid expansion in the biopharmaceutical industry results from the increasing demand for vaccine production, which, in turn, is driving the surge in the extraction and leachable testing services for such therapies.
Table of Contents
Chapter 1. Global Extractable and Leachable Testing Services Market: Methodology and Scope
1.1. Market Segmentation and Scope
1.1.1. Segment Definitions
1.1.1.1. Product Segment
1.1.1.2. Application Segment
1.2. Regional Scope
1.3. Estimates and Forecast Timeline
1.4. Research Methodology
1.5. Information Procurement
1.5.1. Purchased Database
1.5.2. GVR's Internal Database
1.5.3. Secondary Sources
1.5.4. Primary Research
1.6. Information or Data Analysis
1.7. Market Formulation & Validation
1.8. Market Model
1.8.1. Commodity Flow Analysis
1.9. List of Secondary Sources
1.10. List of Abbreviations
1.11. Objectives
1.11.1. Objective - 1
1.11.2. Objective - 2
Chapter 2. Global Extractable and Leachable Testing Services Market: Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Global Extractable and Leachable Testing Services Market 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
3.3. Market Drivers Analysis
3.3.1. Supportive regulatory framework and rising emphasis on patient safety
3.3.2. Growing pharmaceutical and biotechnology industry
3.3.3. Widespread adoption of single-use technology
3.4. Market Restraint Analysis
3.4.1. Complexity associated with extractable and leachable testing
3.5. Industry Analysis Tools
3.5.1. Porter's Five Forces Analysis
3.5.2. PESTLE Analysis
3.5.3. COVID-19 Impact Analysis: Global Extractable and Leachable Testing Services Market
Chapter 4. Global Extractable and Leachable Testing Services Market: Product Type Estimates & Trend Analysis
4.1. Global Extractable and Leachable Testing Services Market: Product Type Movement Analysis
4.2. Container Closure Systems
4.2.1. Container Closure Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3. Single-use Systems
4.3.1. Single-use Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Drug Delivery Systems
4.4.1. Drug Delivery Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)