Sterility Testing Market Size, Trends and Growth Analysis By Product Type (Instruments, Services), Test Type (Membrane Filtration, Direct Transfer) End-User (Pharmaceutical Companies, Hospitals & Clinics, Academic & Research Laboratories), Forecast to 2023
Sterility Testing Market Analysis
The global sterility testing market size is likely to touch USD 1,245.2 million at an 11.7% CAGR between 2017- 2023, according to the new report by Market Research Future (MRFR). Sterility testing is a necessary and critical test that is performed by qualified and trained laboratory personnel for assessing whether sterilized pharmaceutical products are free against contaminating microorganisms. This test is essential to detect the presence of viable forms of microorganisms in or the pharmacopoeal preparations. Performing such tests in an aseptic area and a clean area for avoiding accidental contamination is mandatory. This test is performed at every level of biopharmaceutical and pharmaceutical manufacturing process for minimizing the risk of product contamination.
Various factors are propelling the global sterility testing market growth. According to the new MRFR report, such factors include growing research and development investment in life sciences, increasing support from the government for sterility test of pharmaceutical product and sterility testing of antimicrobial agents, rising application of sterility testing, growing biotechnology and pharmaceutical companies, and a growing number of drug launches.
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On the contrary, a high-degree of market consolidation, strict regulatory policies, lack of testing devices due to burgeoning demand for the COVID-19 pandemic, and lengthy approval procedures may impede the global sterility testing market growth over the forecast period.
Sterility Testing Market Segmentation
The MRFR report gives an inclusive segmental analysis of the global sterility testing market report based on product type, test type, and end user.
By product type, the global sterility market is segmented into services, consumables, and instruments. Services are further segmented into stability testing, cleaning and disinfection, validations, sterility, and sterility assurance tests. Of these, sterility assurance tests will lead the market over the forecast period.
By test type, the global sterility market is segmented into direct transfer sterility testing, membrane filtration sterility testing, product flush sterility testing, and others. Of these, the membrane filtration sterility testing segment will dominate the market over the forecast period.
By end user, the global sterility market is segmented into hospitals and clinics, pharmaceutical companies, research laboratories, and others. Of these, pharmaceutical companies will have a major share in the market.
Sterility Testing Market Regional Analysis
Based on the region, the global sterility testing market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), & the Middle East and Africa. Of these, the Americas will spearhead the market over the forecast period. Increasing support by the government for R&D, the introduction of new drugs every year, and thorough research to introduce the best products by companies are adding to the global sterility testing market growth in the region.
The global sterility testing market in Europe is predicted to hold the second-largest share over the forecast period. Growing public awareness, the focus of government agencies, and a growing number of small & medium organizations in the healthcare sector are adding to the global sterility testing market growth in the region.
The global sterility testing market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing initiatives by the government for R&D, rising healthcare expenditure, and rapidly developing economy are adding to the global sterility testing market growth in the region. China and India have the maximum share in the region.
The global sterility testing market in the MEA is predicted to have the smallest share over the forecast period for lower government support and limited accessibility of medical facilities.
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Sterility Testing Market Competitive Analysis
Leading players profiled in the global sterility testing market report include SGS S.A. (Switzerland), BioMérieux SA (France), WuXi AppTec Group (China), Dynalabs LLC. (U.S.), Avista Pharma Solutions (U.S.), Charles River Laboratories International, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Merck KGaA (Germany), Paragon Bioservices, Inc (U.S.), Boston Scientific Corporation (U.S.), and Avance Biosciences (U.S.).
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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