Sterility Testing Market Dynamic Outlook and Influencing Key Growth
Sterility Testing is considered as vital part of healthcare
industries. Sterility ensures that the product is of superior quality.
Sterility testing has found its application in cell banks and drug testing. All
the drugs, medical devices, substance or any parenteral intended for human use
need to be sterile in order to avoid any infection or contamination. There is
an impressive growth of pharmaceutical and biotech sector in last decade. This
has a synergetic impact on the sterility testing market. Standard operating
procedures are provided by different types of pharmacopoeias like Europe
Pharmacopoeia, USP, BP, IP and all the procedures must be followed as per these
standard reference books.
The global Sterility
testing market is expected to grow at a CAGR of 12.3 % during the forecast
period 2017-2023.Increasing prevalence of diseases and increasing number of
pharmaceutical companies lead the sterility testing market significantly.
Increasing introduction of new drugs and because of various governmental
support, the sterility market is increased in recent years. Moreover,
increasing healthcare expenditure and rising government support for research
and development have fuelled the market growth from the past few years.
However, long approval time and need of proper environmental condition may slow
the market growth.
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Key Players
Some of the major player in the market are Avance
Biosciences (U.S.), Boston Scientific Corporation (U.S.), Paragon Bioservices,
Inc (U.S.), Merck KGaA (Germany), Thermo Fisher Scientific, Inc. (U.S.),
Charles River Laboratories International, Inc. (U.S.), Avista Pharma Solutions
(U.S.), and Dynalabs LLC. (U.S.), WuXi AppTec Group (China), bioMérieux SA
(France), SGS S.A. (Switzerland)
Segmentation
Global sterility testing market is segmented on the basis of
product, types of test, application, and end user. On basis of type of product,
the market is segmented into instrument, reagent & services, kits, and
others. On the basis of type of tests, the market is segmented into membrane
filtration sterility testing, direct incubation sterility testing, direct
transfer, and others. On application, the market is segmented into
pharmaceutical & biological manufacturing, medical devices manufacturing,
and others. On the basis of end user, the market is segmented into
pharmaceuticals, hospital & laboratories, and other.
Regional Analysis
The Americas dominate the global Sterility testing market
owing to the development of new drugs and government support for research &
development. Every year various drugs are introduced by the companies in the
market and these companies involve in in depth research for introducing the
best products to leads the market.
Europe holds the second largest share of the global Sterility
testing market as result of Increase in the number of small and medium
organization in healthcare sector and focus of various government agencies.
Moreover, the growing public awareness likely to boost the Europe market.
Asia Pacific is the fastest growing Sterility testing market
across the globe. Moreover, rapidly developing economy, increasing healthcare
expenditure, and the government’s initiatives for research & development
projected to drive the market in China and India over the forecasted period.
Recent economic data suggest that China and Southeast Asia are poised to join
the ranks of the high-growth Asian economies such as Korea and Taiwan.
The Middle East and Africa holds the least share of the
global market due to limited availability of medical facilities and lower
government support.
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