Global Sterility Testing Market 2017-2021
About Sterility Testing
The rapid growth of the global biological safety testing market has influenced the global sterility testing market immensely. Biosafety is defined as the process of ensuring the biological integrity of consumable products by testing various type of contaminations and preventing them. Regulatory organizations across the world particularly the Food and Drug Administration (FDA) in the US and the European Medicines Agency (EMA) in Europe have made a prerequisite for all the drugs and biopharmaceuticals to undergo stringent safety testing in order to obtain approval. It is imperative for pharmaceutical and biotechnology companies to manufacture safe products otherwise unsafe products can be harmful to patients and ultimately damage the reputation of the company.
Technavio’s analysts forecast the global sterility testing market to grow at a CAGR of 10.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sterility testing market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sterility Testing Market 2017-2021
Technavio recognizes the following companies as the key players in the global sterility testing market: Charles River Laboratories, Merck, SGS, and Thermo Fisher Scientific
Other Prominent Vendors in the market are: bioMerieux, Boston Analytical, Gibraltar Laboratories, Molecular Diagnostic Services, Sartorius, and WuXi Biologics.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising number of affiliation and accreditation. Sterility testing is one of the vital part of biological safety testing which ensures the final product is free from microbial contamination and can be accepted as sterile product. To ensure and to enhance best practices in biological safety testing including sterility testing, many affiliation and accreditations are coming up by the biological safety testing associations, across the world.”
According to the report, one of the major drivers for this market is Rapidly growing pharmaceutical and biological research industry. Sterility testing is rapidly used in pharmaceutical industry to test drugs and end-products in bulk to ensure that they are free from any micro-organisms before the products are released to market. Membrane filtration technique is preferred for these types of sterility testing as end-products are more compatible with the filtration membrane.
Further, the report states that one of the major factors hindering the growth of this market is Limited demand for sterility testing in developing countries. Sterility testing market is driven by its end users such as pharmaceutical companies, biotechnology research centers and healthcare providers such as hospitals and clinics. However, the lack of presence of these end-users in developing countries is leading to less market growth for sterility testing and is a challenge for global sterility testing market.
Charles River Laboratories, Merck, SGS, Thermo Fisher Scientific, bioMerieux, Boston Analytical, Gibraltar Laboratories, Molecular Diagnostic Services, Sartorius, and WuXi Biologics.
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