Pharmaceutical Stability & Storage Services Market Size [2030] To Reach USD 4.4 Billion

Pharmaceutical Stability & Storage Services Industry Overview

The global pharmaceutical stability & storage services market size was valued at USD 2.7 billion in 2021 and is expected to expand at a CAGR of 5.6% from 2022 to 2030.

The global market has noticed critical growth on account of the rising R&D investments by pharmaceutical companies owing to the high burden of chronic and infectious diseases. Pharmaceutical organizations are increasingly focusing on their R&D activities to stay competitive & flexible. As per the estimates of Evaluate Pharma, the pharmaceutical R&D spending accounted for USD 182 billion, in 2018, whereas in 2021 it increased by 16.5% and accounted for USD 212 billion.

Gather more insights about the market drivers, restrains and growth of the Global Pharmaceutical Stability & Storage Services Market

The COVID-19 pandemic has significantly impacted the storage and stability market. During the crisis, global pharmaceutical stability and storage services providers played a predominant role in meeting the needs of pharmaceutical companies, biotech companies, contract research organizations, and other end users. These organizations have been actively working towards the development of pharmaceutical samples, APIs, small & large molecules, and other pharmaceutical products.

In recent years the demand for biosimilar has improved significantly, as they are highly similar to biologics and are generally cheaper than biologics. Biosimilar has gained significant popularity in treating cancer, autoimmune diseases, and other chronic diseases. The high burden of these diseases globally is expected to fuel the demand for biosimilars and thus promote the demand for stability and storage of biosimilars. Different regulatory authorities have different data requirements and testing rules for testing stability, which makes it difficult to market products, especially across different markets. This is expected to boost the demand for outsourcing services in the market.

The COVID-19 pandemic has significantly increased demand for biological medicines like vaccines, as of 15^th April 2022, over 349 vaccines were under development as per the WHO. This is expected to improve the demand for stability and storage of COVID-19 vaccines in clinical trials. Owing to the high burden of COVID-19, many COVID-19 vaccines received emergency approval. Such actions are likely to contribute to the demand for stability and storage of commercial vaccines.

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Pharmaceutical Manufacturing Market – The global pharmaceutical manufacturing market size was valued at USD 405.52 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.34% from 2021 to 2028. The pharmaceutical landscape has undergone a massive transformation with the emergence of new technologies, cost-effective, and more efficient manufacturing approaches.
Pharmaceutical Logistics Market – The global pharmaceutical logistics market size was valued at USD 78.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2022 to 2030. The short-term impact of the COVID-19 pandemic on the market is a crucial factor for the fast-paced growth of pharmaceutical logistics.

Pharmaceutical Stability & Storage Services Market Segmentation

Services Outlook (Revenue, USD Million, 2018 – 2030)

Stability
1. Drug Substance
2. Stability Indicating Method Validation
3. Accelerated Stability Testing
4. Photostability Testing
5. Other Stability Testing Methods
Storage
1. Cold
2. Non-cold

Molecule Outlook (Revenue, USD Million, 2018 – 2030)

Small Molecule
1. Research Products
2. Commercial Products
Large Molecule
1. Research Products
2. Commercial Products

Mode Outlook (Revenue, USD Million, 2018 – 2030)

In-house
Outsourcing

Regional Outlook (Revenue, USD Million, 2018 – 2030)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Market Share Insights

February 2022: Charles River Laboratories International, Inc. announced the expansion of its manufacturing capacity in Bruntwood SciTech’s Alderley Park.
September 2021: BioLife Solutions announced the acquisition of Sexton Biotechnologies. This acquisition will help in strengthening cell and gene therapy and broader biopharmaceutical.

Key Companies profiled:

Some prominent players in the global pharmaceutical stability & storage services market include

Catalent Inc.
Almac Group
Charles River Laboratories International, Inc.
Eurofins Scientific SE
Intertek Group plc
Lucideon Limited
Alcami Corporation
Element Materials Technology
BioLife Solutions
Q1 Scientific
Masy BioServices
Reading Scientific Services Ltd.
Roylance Stability Storage Limited
ALS Ltd.'s
Q Laboratories
Auriga Research Private Limited
PD Partners
Precision Stability Storage

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