Report Code: A13221 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Pharmaceutical equipment consist of medical equipment which ranging from pharmaceutical machinery, medical instruments, and devices used in healthcare sector. This pharmaceutical equipment are used in manufacturing and processing of pharmaceutical drugs which are used in diagnosis, treatment, and analysis of medical conditions. Pharmaceutical equipment are tested time to time to check quality and performance of this equipment. Equipment testing such as texture analyzer, vibration tester, moisture meter, functional testing, and package drop tester among others are the testing types of pharmaceutical testing. This testing ensures error free functionality, accuracy, and quality of the pharmaceutical equipment.
COVID-19 Impact Analysis            Â
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Coronavirus disease 2019 (COVID-19) has created an economic crisis in addition to the healthcare crisis. COVID-19 pandemic has stretched healthcare system worldwide; developed countries are expected to cause economic recession. The pandemic has an adverse impact on the healthcare system, resulting in 50% to 70% drop in revenue from March. Many small hospitals, clinics, and nursing homes, have been forced to shut their operations. In addition, social distancing and localized curfews have resulted in delayed elective surgical procedures. Further, visa cancellations have led to an interruption in medical tourism and can negatively impact the healthcare services market growth.
Top Impacting Factors
Market Trend
Business Expansion Strategies by Key Market Players
In 2019, Intertek Group Plc announced the expansion of their pharmaceutical equipment testing services in Milbourn. This new testing service help pharmaceutical companies for audit of their pharmaceutical equipment to boost their manufacturing.
In 2019, Boston Analytical announced opening of new testing service office in Cambridge. This company is based on delivering top notch pharmaceutical equipment testing services to their clients.
Key Benefits of the Report
Questions Answered in the Pharmaceutical Equipment Testing Market ReportÂ
Pharmaceutical Equipment Testing Market Report Highlights
Aspects | Details |
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By Equipment |
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By Service |
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By End User |
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By Region |
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Key Market Players | Eurofins ScientificNelson Laboratories, LLC, NSF International, TM Electronics, Inc., Labthink, Edwards Analyticals, Qualitest International, Inc., TEN-E Packaging Services, Inc., Albany Molecular Research, inc., West Pharmaceutical Services, Inc., TASI Group |
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