Sterility Testing Market to Grow at 12.3% CAGR to 2021

The sterility testing market is expected to reach USD 941.0 million by 2021 from USD 528.0 million in 2016, at a CAGR of 12.3%. The major drivers for the market include growth in the pharmaceutical and biotechnology industries, increase in the number of new drug launches, and increasing R&D in life science research. Over the years, the number of drug approvals in North American has increased. 

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According to OECD estimates, in 2015, the total number of biotechnology companies in the U.S. was 11,367. Owing to the rise in the number of biotechnology companies, biopharmaceutical production has increased globally. Sterility testing is carried out at all levels of pharmaceutical and biopharmaceutical manufacturing process to minimize the risk of product contamination. Growth in pharmaceutical and biotechnology industries will drive the growth of the sterility testing market.

Introduction

1 Objectives of the Study

2 Market Definition

3 Market Scope

4 Limitations

5 Currency

6 Stakeholders

Premium Insights

1 Significant Opportunities in the Sterility Testing Market

2 Geographic Analysis: Sterility Testing Market, By Product (2016)

3 Geographic Snapshot of the Market

On the basis of product, the sterility testing market is segmented into kits and reagents, instruments, and services. The kits and reagents segment is projected to witness the highest growth in this market. The large share of the kits and reagents segment can be attributed to the requirement of the repeat purchase of these products, coupled with the increasing preference for kit-based testing.

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On the basis of application, sterility testing market is segmented into pharmaceutical and biological manufacturing, medical devices manufacturing, and others applications. The pharmaceutical and biological manufacturing segment is projected to witness the highest growth in this market due to rapid growth in the pharma and biotech industries.

Competitive Landscape

1 Overview

2 Strategic Overview

3 Market Share Analysis

4 Competitive Situation and Trends

5 Expansions

6 Mergers & Acquisitions

7 Agreements, Partnerships, and Collaborations

8 Product Launches

In addition to comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. The company profiles in this report comprise the product portfolios, developments, and strategies adopted by players to maintain and increase their shares in the market.

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This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

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