Global Sterility Testing Market – Analysis and Forecast To 2024 | Merck KGaA, SGS S.A, Pacific Biolabs.


Posted March 28, 2020 by Goal_T

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Sterility testing is performed for the occurrence or lack of feasible microorganisms skilled of escalating and growing under favorable conditions. It is used to guarantee the lack of impurities in biologics and medical devices.

The global sterility testing market is growing at a significant rate due to the evolution of pharmaceutical & biotechnology companies, a mounting number of drug introductions. Different products such as instruments, kits & reagents, and services contributed to the sterility testing market size. The market has witnessed high demand for kits & reagents in the coming years due to a mounting inclination for kit-based testing and requirement of the frequent consumption of these products.

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Mounting pharmaceutical outsourcing, intensifying healthcare expenditure, and technological improvement in rapid sterility test are also facilitating the growth for the sterility testing market.

Strict regulatory frameworks, time exhausting sanction processes, and scarcity of expert professionals are the major challenges for the growth of sterility testing market.

Globally, the manufacturing companies trying to enter the sterility testing market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness the fastest growth in the market, due to mounting expenditure on life science research, and growing biopharmaceutical manufacturers. In addition, intensifying occurrence of chronic diseases, a supportive regulatory environment, and the budding inclination of pharmaceutical outsourcing are also creating a positive impact on the sterility testing market growth in the region.

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Key players in the sterility testing market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Merck KGaA, SGS S.A, Pacific Biolabs, Thermo Fisher Scientific Inc., Charles River Laboratories International, Inc., Sartorius AG, Biomérieux SA, and Wuxi Apptec are the key players offering sterility testing products.

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Last Updated March 28, 2020