Global Pharmaceutical Packaging Testing Equipment Market is expected to reach USD 46.73 billion by 2024 from USD 20.87 billion in 2016, at a CAGR of 10.6%in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Permeability analyzers market has the largest market segment in pharmaceutical packaging testing equipment market.

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Market Segmentation: Global Pharmaceutical Packaging Testing Equipment Market
• The global pharmaceutical packaging testing equipment market is segmented on the basis of equipment, services, and geography. The global pharmaceutical packaging testing equipment market is segmented into 6 types-
1. permeability analyser,
2. package vibration tester,
3. moisture meter,
4. package drop tester,
5. creasing
6. and stiffness tester and texture analyser.
In 2017, the permeability analyzer segment is expected to dominate the market with a share of 39.3% and is expected to continue this trend till 2024.
• Pharmaceutical packaging testing equipment market is segmented into permeability analyser, package vibration tester, moisture meter, package drop tester, creasing and stiffness tester and texture analyser. Permeability analyser is segmented gas permeation tester and container gas permeability tester.
• On the basis of services, the market is segmented into container closure integrity testing, container testing, raw material testing, shelf life testing, microbial testing, physical chemical characterization, stability testing, environmental monitoring, visual inspection and functional testing, method validation, and batch-release testing.
• Container testing is segmented into extractables testing, container permeation testing, material identification testing, and functionality testing. Container closure integrity testing is segmented into vacuum & pressure decay, high voltage leak detection, helium leak detection, and oxygen headspace.
• On the basis of end users, the market is classified into contract research organizations, testing laboratories, research institutions, pharmaceutical companies, and government organisations. In 2017, the contract research organizations segment is expected to dominate the market and is expected to continue this trend till 2024.

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LABTHINK:
Founded in 1989 as Allergan and headquartered in Jinan, China is the provider of the business consultation, testing instruments, after-sales services and risk management solutions for the food, pharmaceutical, packaging, daily chemical, printing, adhesive, automotive, petroleum chemistry, biotechnology, construction, new energy and many industries.
Latbthink manufactures and supplies products that include permeability testers, peel strength and seal strength testers, headspace analyzers, thickness testers and many more. Labthink specializes in permeation testing, thickness measurement, gas analyzers, materials testing machine, heat seal and seal strength testing, packages integrity tester leak detection, tearing and impact resistance tester, flexible packaging tester, and abrasion resistance testing.
Recent Developments:
1. In April 2013, Labthink International Inc. was formally established in Massachusetts US. gave a boost for the company in international market and has great strategic significance economically.

TM ELECTRONICS, INC.:
Established in 1961 and headquartered in Massachusetts, U.S., TM Electronics is engaged in developing and manufacturing of automated, high technology leak testers, leak testers, leak and flow testers, and package testers. TM electronics offers leak testing and leak flow testing equipment, such as pressure or vacuum decay or leak/flow testers and non-destructive chamber pressure or vacuum decay test systems for induction of welded seals and blisters cards.

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WEST PHARMACEUTICAL SERVICES INC.:
Incorporated in 1923 and is headquartered in Pennsylvania, U.S.; West Pharmaceutical Services, Inc. is a leading global manufacturer in the design and production of technologically advanced, high-quality, integrated containment and delivery systems for injectable medicines. The company operates through two business segments-proprietary products and contract-manufactured products.
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