Leading market players are investing heavily in research and development in order to expand their product lines, which will help the GMP Testing Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, GMP Testing industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global GMP Testing industry to benefit clients and increase the market sector. In recent years, the GMP Testing industry has offered some of the most significant advantages to medicine. Major players in the GMP Testing Market, including Eurofins Scientific, PPD Inc., Microchem Laboratory, Sartorius AG, North American Science Associates Inc. and others, are attempting to increase market demand by investing in research and development operations.
Eurofins Scientific SE is a French laboratory organization with headquarters in Luxembourg that provides testing and support services to the pharmaceutical, food, environmental, agriscience, and consumer products industries, as well as governments. Eurofins Group offers an international network of over 900 laboratories in 62 countries, as well as a portfolio of more than 200,000 certified analytical procedures for determining the safety, identification, purity, composition, authenticity, and provenance of goods and biological substances. Eurofins also offers clinical diagnostic testing services and in vitro diagnostic products.
In December 2021, Eurofins announced that the Biopharma product testing network of laboratories has expanded its footprint of GMP testing laboratories with the recent acquisition of Astellas Analytical Science Laboratories, Inc. With this acquisition, ASL developed Eurofins, Japan's first good manufacturing practice (GMP) testing center.
Charles River Laboratories International, Inc. is an American pharmaceutical firm that provides a wide range of preclinical and clinical laboratory, gene therapy, and cell therapy services to the pharmaceutical, medical device, and biotechnology sectors. It also provides a variety of biomedical products, outsourcing services, and animals for pharmaceutical research and development (such as contract research organization services), as well as assistance in the fields of basic research, drug discovery, safety and efficacy, clinical support, and manufacturing. In August 2023, Charles River Laboratories International Inc. partnered with Fondazione Telethon to produce high-quality (HQ) plasmids.