Global Sterility Testing Market
The global Sterility Testing Market was valued at USD 528.08 million in 2016 and is projected to reach USD 1,492.89 million by 2025, growing at a CAGR of 12.24% from 2017 to 2025.
Major lifestyle changes and increasing cases of infertility have caused the sterility testing market to boost. The market is expected to continue the growth pattern during the forecast period.
1. Market Drivers
1.1 Growth of Pharmaceutical & Biotechnology Companies
1.2 Increasing Number of Drug Launches
1.3 Increasing Government Support for Pharmaceutical and Biotechnology Industries
1.4 Increasing R&D Investments
2. Market Restraints
2.1 High number of entrants in the market
2.2 Stringent Regulatory Frameworks and Time-Consuming Approval Processes
1. Global Sterility TestingMarket, by Application:
1.1 Pharmaceutical and Biological Manufacturing
1.2 Medical Device Manufacturing
1.3 Other Applications
2. Global Sterility TestingMarket, by Test:
2.1 Membrane Filtration
2.2 Direct Inoculation
2.3 Other Tests
3. Global Sterility TestingMarket, by Product:
3.1 Kits & Reagents
4. Global Sterility Testing Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Merck KGaA
2. Charles River Laboratories International, Inc.
3. Biomérieux SA
4. SGS S.A.
5. Danaher Corporation
6. Nelson Laboratories
7. Pacific Biolabs
8. Sartorius AG
9. Thermo Fisher Scientific Inc.
10. Toxikon Corporation
11. Wuxi Apptec
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Sterility TestingMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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