Global Sterility Testing Market - Segmented by Type of Products, Test Type, Applications, Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Sterility Testing Market - Segmented by Type of Products, Test Type, Applications, Geography - Growth, Trends, and Forecast (2018 - 2023)

The Sterility Testing Market is expected to witness a CAGR of 12.5%, during the forecast period. The key players in the market are focusing on the product launches to strengthen their foothold in the market.

Increase Number of Drug Launches

The number of drug approvals and new drug launches in North America is increasing over the years. In 2015, FDA Center for Drug Evaluation and Research has approved around 45 novel drugs as new molecular entities under the New Drug Applications (NDAs). The statistics shows that the number of the new drug launches is increasing over the years, which is likely to impact positively on the growth of sterility testing market.

The other factors also include increasing R&D in life science research and rise in demand for sterilized products and their exclusivity in the healthcare industry.

Stringent Regulatory Framework

The sterility testing market has stringent regulatory frameworks, which lead to the lengthy approval process of the drugs, which causes huge capital investment from key players in stringent regulatory device approval process. Therefore, due to the stringent regulatory framework the market is likely to get restrained.

The high degree of market consolidation is also a major factor, which is restraining the growth of this market.

Asia Pacific is expected to dominate the Market

Sterility testing market is being dominated by North America, which is followed by Europe and Asia. The Asian market will witness the highest growth in the coming future, primarily due to the increasing expenditure on life science research in the region.

Key Developments in the Market

  • February 2018 - Merck Launched Viresolve Barrier Capsule Filters to Protect Against Bioreactor Contamination

Reasons to Purchase this Report
  • Current and future sterility testing market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet ((in Excel).
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1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry Within the Industry
6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Increase in the Number of New Drug Launches
6.1.2 Increasing R&D in Life Science Research
6.1.3 Rise in Demand for Sterilized Products and their Exclusivity in the Healthcare Industry
6.2 Market Restraints
6.2.1 High Degree of Market Consolidation
6.2.2 Stringent Regulatory Framework
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 By Type of Products
7.1.1 Kits and Reagents
7.1.2 Instruments
7.1.3 Services
7.2 By Test Type
7.2.1 Membrane Filtration
7.2.2 Direct Inoculation
7.2.3 Other Sterility Tests
7.3 By Application
7.3.1 Pharmaceutical and Biological Manufacturing
7.3.2 Medical Devices Manufacturing
7.3.3 Other Applications
7.4 By Geography
7.4.1 North America United States Canada Mexico
7.4.2 Europe France Germany United Kingdom Italy Spain Rest of Europe
7.4.3 Asia-Pacific China Japan India Australia & New Zealand South Korea Rest of Asia-Pacific
7.4.4 Middle East & Africa GCC South Africa Rest of the Middle East & Africa
7.4.5 South America Brazil Argentina Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 BioMerieux SA
9.2 Charles River Laboratories International
9.3 Merck KGaA
9.4 Sartorius AG
9.5 SGS S.A.
9.6 Danaher Corporation
9.7 Nelson Laboratories
9.8 Thermo Fisher Scientific
9.9 Toxikon Corporation
9.10 WuXi AppTec
9.11 List Not Exhaustive
10. Future of the Market

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