Global sterility testing market is expected to grow significantly by 2027 expanding at a reasonable CAGR of above 11% during the forecast period (2021-2027). Sterility testing is done to check the presence or absence of viable microorganisms capable of developing and multiplying under favorable growth conditions. Many pharmaceutical and biotechnology companies carry out sterility testing to examine the quality of the raw materials as well as the end product.
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The growth of the sterility testing market across the world can be attributed to the increase in foreign direct investment (FDI) in the drugs & pharmaceutical sector. For instance, As of December 2020, the drugs and pharmaceuticals sector in India saw a foreign direct investment equity inflow worth nearly 1.3 billion U.S. dollars for the financial year 2021, up from USD 266 million in 2019. Owing to these investments, more and more biotechnology and pharmaceutical companies are investing in R&D to discover new and potential drugs augmenting the sterility testing market all over the world.
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Furthermore, the rising awareness regarding the safety of the raw materials and final product coupled with the rapidly inclining pharmaceutical sector is also adding to the pace of the sterility testing market. For instance, in 2019, the U.S. was the largest single pharmaceutical market, generating revenue of more than $490 billion and the country accounted for 48% of the global pharmaceutical market.
Based on test type, the market is segmented into membrane filtration, direct inoculation, and others. The membrane filtration segment grabbed an XX% share of the global sterility testing market and will witness a considerable CAGR of XX% during the forecast period (2021-2027F). This is because this method is the most preferred method used for sterility tests as it separates the product from the potential microbial contaminants which reduce or eliminate the inhibitory properties of the drug.
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Based on the product type, the global sterility testing market is segmented into reagents & kits, instruments, and services. The reagents & kits segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 owing to the increase in sterility testing procedures due to which there is a rise in the purchase of various reagents and kits.
Additionally, the report provides detailed report also provides insights into the global sterility testing market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD xx billion in 2020 owing to the well-established market players and frequent product launches.
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Merck KGaA, Thermo Fisher Scientific, Inc., Charles River Laboratories International, Inc., Biomérieux SA, SGS S.A., Danaher Corporation, Sartorius AG, WuXi AppTec, Toxikon Corporation, Sotera Health LLC are some of the key players operating in the global sterility testing market. Several M&As along with partnerships have been undertaken by these players to develop various types of sterility testing products.
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Global Sterility Testing Market Segmentation
Market Insight, by Test Type
· Membrane Filtration
· Direct Inoculation
· Others
Market Insight, by Product Type
· Reagents & Kits
· Instruments
· Services
Market Insight, by Application
· Pharmaceutical & Biological Manufacturing
· Medical Device Manufacturing
· Other Applications
Market Insight, by Region
· North America
o United States
o Canada
o Rest of North America
· Europe
o France
o Germany
o Italy
o Spain
o United Kingdom
o Rest of Europe
· Asia-Pacific
o China
o India
o Australia
o Japan
o Rest of Asia-Pacific
· Rest of World
Top Company Profiles
· Merck KGaA
· Thermo Fisher Scientific, Inc.
· Charles River Laboratories International, Inc.
· Biomérieux SA
· SGS S.A.
· Danaher Corporation
· Sartorius AG
· WuXi AppTec
· Sotera Health LLC
· Toxikon Corporation