Skip to main content

Sterility Testing Market Analysis and Business Growth Forecast 2021

According to the new market research report sterility testing market is expected to reach $941.0 Million by 2021, at a CAGR of 12.3%.


(BLOGGERS NETWORK) According to the new market research report sterility testing market is expected to reach USD 941.0 Million by 2021 from USD 528.0 Million in 2016, at a CAGR of 12.3% from 2016 to 2021. The growth of the sterility testing market can be attributed to the growth in the pharmaceutical and biotechnology industries, increase in the number of new drug launches, and increasing R&D in life science research.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208866931

Market Dynamics

Drivers

Growth of pharmaceutical & biotechnology companies

Increasing number of drug launches

Government support for pharmaceutical and biotechnology industries

Increasing R&D investment in life sciences

Restraints

High degree of consolidation, major barrier for new market entrants

Stringent regulatory frameworks and time-consuming approval processes

Opportunities

Emerging markets

Increasingly pharmaceutical outsourcing

Challenges

Shortage of skilled professionals

Major players in the sterility testing market include Merck KGaA (Germany), Charles River Laboratories International, Inc. (U.S.), bioMérieux SA (France), SGS S.A. (Switzerland), Sartorius AG (Germany), WuXi AppTec (China), Nelson Laboratories (U.S.), Danaher Corporation (U.S.), Pacific Biolabs (U.S.), Toxikon Corporation (U.S.), and Thermo Fisher Scientific, Inc. (U.S.).

• Based on product, the market is segmented into kits and reagents, instruments, and services. The kits and reagents segment are the largest and the fastest-growing product segment in the sterility testing market. The large share of the kits and reagents segment can be attributed to the requirement of the repeat purchase of these products, coupled with the increasing preference for kit-based testing.
• Based on test, the market is segmented into membrane filtration, direct inoculation, and other sterility tests. The membrane filtration segment is estimated to account for the largest share of the sterility testing market in 2016. The large share of this segment can primarily be attributed to rapid growth in the pharmaceutical and biotechnology end-use industry.
• Based on application, the market is segmented into pharmaceutical and biological manufacturing, medical devices manufacturing, and other applications. The pharmaceutical and biological manufacturing segment is projected to witness the highest growth in this market due to the rapid growth in the pharma and biotech industries.

Get Report Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=208866931

Based on region, the global sterility testing market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). The market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). However, the Asian market will witness the highest growth during the forecast period, primarily due to the increasing expenditure on life science research in the region and growing trend of pharmaceutical outsourcing to Asian countries like India and China. Growth in the outsourcing industry in Asia is another major factor supporting overall market growth in the region. The rapidly increasing demand for the outsourcing of microbial testing in countries such as China, India, Japan, and Singapore is expected to drive market growth during the forecast period. To capitalize on the opportunities in the Asian market, a number of companies have worked to increase their market share and customer base in the region.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
sales@marketsandmarkets.com


###
This news release was originally published on EmailWire.com:
https://www.emailwire.com/release/1112343-Sterility-Testing-Market-Analysis-and-Business-Growth-Forecast-2021.html

Comments

Post a Comment

Popular posts from this blog

Accely Announces Appointment of Alok Bapna, Ex DXC/CSC Leader as President

Accely has appointed sales and new business development veteran Alok Bapna as its new President . DUBAI, UAE -- ( Arab Newswire ) -- At Accely, we will align his experience in the IT industry with our business goals to achieve new milestones. We look forward to utilizing his expertise in various areas so Accely can offer clients tailored and refined business solutions. Over the years, Accely has been recognized as a trustworthy SAP consulting service for its innovative solutions. With a new leader in the senior management, we can enrich our core services such as IT, enterprise application support, and consulting services. As a result of Alok's diverse experience, Accely can expand into wholesale, retail, consumer goods, life sciences, engineering and construction, and manufacturing markets. Alok's approach to leadership will enhance Accely's ability to solve business problems and deliver high-quality results. His ability to address and resolve issues in the IT industry is ...
Post a Comment
Read more

SAP Inside Track Published Accely’s New Product Development and Recent Acquirements

DUBAI, UAE – ( ARAB NEWSWIRE ) -- Accely, an EMEA South Partner, has ventured into the intellectual property horizon by acquiring two pioneering companies and crafting a futuristic product line for these enterprises. Nilesh Shah, CEO, Accely, a leading SAP solution provider , and his team have assisted varied enterprises in automating operations and departments over the years. In recent years, the company saw a shift in market expectations and an increased demand for technical assistance. This insight was the much-needed impetus for Accely. They took this initiative to step into the intellectual property realm for the first time and introduce a new product line with the assistance of two firms that specialize in this space. Nilesh Shah, CEO, Accely Accelerated Products covers S/4 HANA ERP solutions for intelligent enterprises, while Activa Factor y specializes in Success Factors that improve project management methodologies and help businesses thrive. These specialists ensured that Ac...
Post a Comment
Read more

Dubai WoodShow to commence on March 5, featuring 682 local and international exhibitors

Dubai, UAE – ( ARAB NEWSWIRE ) -- The countdown has begun for the highly anticipated 20th Dubai International Wood and Woodworking Machinery Exhibition (Dubai WoodShow), scheduled to take place from March 5-7, 2024, at the prestigious Dubai World Trade Centre, with participation from 682 exhibitors. As a flagship event in the wood industry calendar, Dubai WoodShow is part of the esteemed Global WoodShows series, recognized as the "leading platform for wood and woodworking machinery in the MENA region." Dubai WoodShow serves as a beacon for the wood industry, annually presenting the latest trends, innovations, and technologies in the global wood and woodworking machinery sector. Additionally, it serves as a platform for exchanging experiences, and knowledge among participants, exploring opportunities for collaboration and joint ventures, and attracting investments. In 2024, the exhibition will feature a remarkable exhibition, with exhibitors presenting the latest advancements...
Post a Comment
Read more