Sterility Testing Market Is Expected To Reach USD 2.69 Billion By 2032.
Ngày đăng: 14-11-2023 |
Ngày cập nhật: 14-11-2023
Market Summary: The global sterility testing market, valued at USD 990 million in 2022, is projected to witness a revenue Compound Annual Growth Rate (CAGR) of 10.5% throughout the forecast period. The escalating presence of pharmaceutical, biotechnological, and medical device companies globally is fueling the demand for sterility testing. This demand is driven by the necessity to assess the quality of raw materials, ensure process control, and validate the finished products. Sterility testing is crucial for various stages in the production of biologics or viral vaccines, covering bulk and final drug products, cell banks, and raw materials.
Factors contributing to market growth include the rise in pharmaceutical and biotechnology companies, an increasing number of drug launches, government support, and heightened Research and Development (R&D) investments in life sciences. The North American market dominates the sterility monitoring sector, propelled by increased investments by the U.S. government in healthcare to encourage biopharmaceutical research.
Get a sample copy of the Sterility Testing Market report: https://www.reportsanddata.com/download-free-sample/2520
Market Dynamics: Driver: The surge in R&D investments in life sciences is a primary driver, with major industry players adopting strategies like mergers, acquisitions, and collaborations to stay competitive. The demand for various types of sterility testing, such as Bacteriostasis and Fungistasis (B/F) testing, medical device sterility testing, and Vaporized Hydrogen Peroxide (VHP) Ingress Testing, is contributing to market growth.
Restraint: High costs associated with sterility testing units and a shortage of qualified professionals, due to strict government regulations, pose challenges to market growth. Consolidation, regulatory frameworks, and lengthy licensing processes act as significant barriers to new entrants.
Key Insights: Product: The market is segmented into kits & reagents, services, and instruments. The kits & reagents segment dominated in 2022, driven by the high demand for test kits, particularly reagent kits used for various applications such as checking for illegal substances.
Test: Segmentation includes membrane filtration, direct inoculation, and other tests. Membrane filtration held the largest revenue share in 2022, driven by its use in physical separation processes with advantages such as improved product quality and lower production costs.
Application: The market is segmented into pharmaceutical and biological manufacturing, medical device manufacturing, and other applications. The pharmaceutical and biological manufacturing segment accounted for the largest revenue share in 2022, emphasizing the importance of sterility testing in ensuring product quality and safety.
Regional Insights:
Market Report Scope:
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Factors contributing to market growth include the rise in pharmaceutical and biotechnology companies, an increasing number of drug launches, government support, and heightened Research and Development (R&D) investments in life sciences. The North American market dominates the sterility monitoring sector, propelled by increased investments by the U.S. government in healthcare to encourage biopharmaceutical research.
Get a sample copy of the Sterility Testing Market report: https://www.reportsanddata.com/download-free-sample/2520
Market Dynamics: Driver: The surge in R&D investments in life sciences is a primary driver, with major industry players adopting strategies like mergers, acquisitions, and collaborations to stay competitive. The demand for various types of sterility testing, such as Bacteriostasis and Fungistasis (B/F) testing, medical device sterility testing, and Vaporized Hydrogen Peroxide (VHP) Ingress Testing, is contributing to market growth.
Restraint: High costs associated with sterility testing units and a shortage of qualified professionals, due to strict government regulations, pose challenges to market growth. Consolidation, regulatory frameworks, and lengthy licensing processes act as significant barriers to new entrants.
Key Insights: Product: The market is segmented into kits & reagents, services, and instruments. The kits & reagents segment dominated in 2022, driven by the high demand for test kits, particularly reagent kits used for various applications such as checking for illegal substances.
Test: Segmentation includes membrane filtration, direct inoculation, and other tests. Membrane filtration held the largest revenue share in 2022, driven by its use in physical separation processes with advantages such as improved product quality and lower production costs.
Application: The market is segmented into pharmaceutical and biological manufacturing, medical device manufacturing, and other applications. The pharmaceutical and biological manufacturing segment accounted for the largest revenue share in 2022, emphasizing the importance of sterility testing in ensuring product quality and safety.
Regional Insights:
- North America: Led the market in 2022, with key players and increased investments in healthcare. The region's response to critical diseases and the COVID-19 pandemic has led to the establishment of new onsite sterility testing centers.
- Asia Pacific: Anticipated to experience fast revenue growth, driven by rapid urbanization, health awareness, and rising disposable income. Technological advancements and initiatives, such as the launch of isolator workstation technology, contribute to increased demand for sterility testing.
- Europe: Expected to register moderately fast revenue growth, with technological advancements and advantages like low energy usage and environmental friendliness driving demand for multipurpose membrane filtration systems.
Market Report Scope:
- Market Size (2022): USD 990 Million
- CAGR (2022 - 2032): 10.5%
- Forecasted Revenue (2032): USD 2.69 Billion
- Segments: By Product (Kits & Reagents, Services, Instruments), Test (Membrane Filtration, Direct Inoculation, Other Tests), Application (Pharmaceutical and Biological Manufacturing, Medical Device Manufacturing, Other Applications), Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).
- Key Companies: Merck KGaA, Charles River Laboratories, BIOMÉRIEUX, SGS Société Générale de Surveillance SA, Danaher Corporation, Nelson Laboratories, LLC, Thermo Fisher Scientific Inc., Sartorius AG, WuXi AppTec, Eurofins Scientific.
- Customization: Includes 10 hours of free customization and expert consultation.
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Request a customization of the report: https://www.reportsanddata.com/request-customization-form/2520
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
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