Market Benefits
Growth of the sterility testing market is attributed to rising population, technological advancements in rapid sterility test, increase in healthcare expenditure, favorable healthcare insurance coverage, rising prevalence of chronic and rare diseases. According to U.S. Department of Commerce the percentage of people covered by any type of health insurance increased by 1.3 percentage to 90.9 percent in 2015, up from 89.6 percent in 2014. New product innovation, merger and acquisition for product development, government support for research and development are another factors which will fuel the global sterility testing market. Advances in technology in the past few years have enabled the development of new sterility test methods that yield accurate and reliable test results in less time and with less operator intervention than the currently prescribed methods. Strategic acquisitions have strengthened the market position of key players, leading to market consolidation. This is a major trend observed in the global sterility testing market.
According to Amigo Market Reports, the Global Sterility Testing market is accounted for $810.04 million in 2017 and is expected to reach $1620.09 million by 2026 growing at a CAGR of 8.0% during the forecast period. The rising demand for Sterility Testing market are growing measures of activities in the research and development, approvals for new drug products and government support for pharmaceutical industries . Furthermore, rising expenditures in Life sciences is also fuelling the market. However, competition between pharmaceutical companies, shortage of knowledgeable professionals and time taking process for approval are hampering the market growth.
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Key Players:
Some of the key players in sterility testing market include Biomérieux SA, Charles River Laboratories International, Inc., Danaher Corporation, Merck KGaA, Nelson Laboratories Pacific Biolabs, Sartorius AG, SGS S.A., Thermo Fisher Scientific Inc., Toxikon Corporation, Wuxi Apptec, Solvias AG, Becton, Dickinson and Company, Rapid Micro Biosystems, Inc.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Market Segments:
North America has acquired largest market revenue and expected to remain the same during the forecast period due to the increasing introduction of new drug products. Asia Pacific is expected to have highest CAGR with rising trend in pharmaceuticals.
On the basis of test, Antimicrobial effectiveness testing helps in identifying micro organisms’ growth by demonstrating the effectiveness of preservation system and inhibits them from growing. This testing process involves addition of antimicrobial preservatives to reduce the viable microbial population of a non sterile product as it focus on the activity of preservative systems as a protection against inadvertent contamination during storage and use of the product.
On the basis of application, bioburden test helps in identifying microbial content of a surface and refers to an inference of the numbers of bacteria and fungi present in a liquid sample. In pharmaceuticals processing, bioburden testing helps in the making of hygiene products by provide an accurate basis for calculating effective sterilisation doses for a given therapeutic and will provides the quantity of feasible microorganisms in or on a therapeutic, medical device or raw material before sterilisation.
Products Covered:
• Kits and Reagents
• Instruments
• Services
Tests Covered:
• Antimicrobial effectiveness testing
• Container closure integrity testing
• Direct Inoculation
• Membrane Filtration
• Rapid micro test
• Direct Transfer
Applications Covered:
• Bioburden Test
• Medical Devices Manufacturing
• Pharmaceutical and Biological Manufacturing
• Others Applications
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