GMP Storage Market Report 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The global pharmaceutical business has gotten even more competitive as the manufacturing of biologics, vaccines, and cytotoxic medications have increased in emerging countries. Companies in these regions will need to keep improving their specialized manufacturing skills. Biotechnology investments will continue to drive a significant percentage of the industry, with biologics accounting for an increasing proportion of top-selling pharmaceuticals.

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The GMP storage market was worth around US$ 5.7 Bn in 2021 and it is expected to increase at a CAGR of 5.6% over the forecast period (2022-2032). The requirement for temperature and other condition monitoring is getting even more severe as biologics, personalized medicine, and certain gene therapy formulations are introduced in the current setting. As a result of the need for cold chain infrastructure in the supply chain network for storage of temperature-sensitive vaccines and pharmaceuticals, the worldwide GMP storage market is expected to develop rapidly going forward.

Manufacturing, storage, transportation, and administration of biopharmaceuticals for human use pose distinct obstacles. Due to limited resources and the requirement for new drug candidates to enter phase I clinical studies swiftly, not all areas of drug product process development can and should be investigated in depth before entering first-in human studies (FIH). While the processes for

studies on formulation development are definite in literature, regulatory advice for phase-appropriate process development studies for clinical supplies is lacking. Thus, a GMP storage roadmap provides opportunities for key manufacturers to deploy their product offerings and will propel the growth of the GMP storage market over the forecasted years (2022-2032).

Competitive Landscape

Leading players are getting certified by regulatory authorities in order to expand their cold storage capacity during the COVID-19 pandemic. This has had a positive impact on the GMP storage market.

Thermo Fisher Scientific Inc.'s high-performance refrigerators and freezers received NSF/ANSI 456 vaccine storage certification in January 2022.
In January 2022, Helmer Scientific announced that its GX Solutions refrigerators and freezers have been approved with the new NSF/ANSI 456 vaccine storage standard.
The BioArchive System, a fully-automated, closed-system cryopreservation platform that provides complete cryopreservation, storage, retrieval, and tracking throughout the whole cell therapy manufacturing process, was launched by ThermoGenesis Holdings, Inc. in December 2021.

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Key Takeaways

GMP storage products held more than 83% market share in 2021.
Biologic applications held around 38% of the global GMP storage market share in 2021.
By end user, biopharmaceutical companies are widely using GMP storage products and services for the storage of biological products, and the segment held a market share of around 42.5% in 2021.
Around 48.9% of the global market share, by region, was accounted for by North America in 2021.

"Rising focus on cost-effective manufacturing and on-time delivery of biologics, and increasing demand for the outsourcing of drug stability and storage management will drive market growth over the coming years," says an analyst of Persistence Market Research.

 Key Questions Answered in This Report.

What are the Roadblocks for Gmp Storage Suppliers?
What are the Key Opportunities for Gmp Storage Manufacturers?
How is Focus on Safety Influencing Gmp Storage Demand?
What is the Regulatory Impact on Global Sales of Gmp Storage?
Which Region Offers the Largest Opportunity for Sales of Gmp Storage?
Where Does the U.S. Stand in the Market for Gmp Storage?
What Is the Outlook for Gmp Storage Manufacturers in China?
Why is Germany a Lucrative Market for Gmp Storage Manufacturers?
Why Will Belgium Outpace Other European Markets for Gmp Storage?
Why is There High Demand for Tires in Gmp Storage?
Why are Sales of Gmp Storage Surging?

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