USD 161.18 million
Report ID:
SQMIG35A2169 |
Region:
Global |
Published Date: February, 2024
Pages:
219
|
Tables:
86 |
Figures:
76
Sterility Testing Market size was valued at USD 161.18 million in 2019 and is poised to grow from USD 181.36 million in 2023 to USD 469 million by 2031, growing at a CAGR of 12.6% in the forecast period (2024-2031).
Growth in research and development activities in the education sector, microbiological and pathological laboratories, and the pharmaceutical sector is an important factor driving the market. Advanced research and development, as well as beneficial government policies drive global sterility testing market. A microbiological laboratory deals with activities like culture, examination, and identification of microorganisms including bacteria, fungi, yeast, etc. A water bath is used to heat chemicals, melt substrates, and incubate cell cultures. An increase in the number of chronic diseases along with increasing awareness about healthcare is driving the global sterility testing market. Heart disease, cancer, and diabetes are examples of chronic diseases that persist for a year or more and require ongoing medical care. The development of chronic diseases is mainly due to changes in human lifestyle, including poor nutrition, physical inactivity, increased consumption of fast food, and excessive alcohol consumption. Sterility testing is performed at every stage of production in the pharmaceutical and biotechnology sector to reduce the risk of product contamination. As a result, the overall consumption of sterility testing will increase significantly as this end-use sector grows during the forecast period. The first step in determining the quality of pharmaceutical drugs is sterility testing. However, stringent regulatory rules, regulations, and time-consuming procedures in many countries may hamper the growth of global sterility testing market.
US Sterility Testing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 161.18 million
Largest Segment
Membrane filtration sterility
Fastest Growth
Membrane filtration sterility
Growth Rate
12.6% CAGR
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Global sterility testing market is segmented on the basis of product, tests, end-user, and region. By product, Sterility Testing Market is segmented into instruments, services, and kits & reagents. By tests, Sterility Testing Market is segmented into membrane filtration sterility testing and direct inoculation sterility testing. By end user, Sterility Testing Market is segmented into pharmaceutical & biotechnology and medical devices. By region, Sterility Testing Market is segmented into North America, Europe, Asia Pacific and MEA.
Sterility Testing Market Analysis by Test
By tests, market is segmented into membrane filtration sterility testing and direct inoculation sterility testing. The membrane filtration sterility testing segment held the largest share of the market and is expected to grow at a significant CAGR during the forecast period. Testing for sterility by membrane filtration involves running test samples over conventional membranes that can capture bacteria. Membrane filtration sterility testing is usually performed for samples containing adjuvant gels and other general-purpose items such as vaccines. When using membrane filtration the microorganisms are retained using a 0.45 m pore size filter and all interfering substances are removed using a suitable rinsing solution. It can handle numerous solutions up to 500 ml and removes inhibitory compounds that inhibit bacterial growth by rinsing the membrane filter with the appropriate reagent. This test is most popular in the pharmaceutical industry and is gaining more attention. So, this major factor will drive the growth of the membrane filtration sterility testing segment in global sterility testing during the forecast period. Direct Inoculation Sterility Testing held the 2nd largest market share.
Sterility Testing Market Analysis by End User
By end user, market is segmented into pharmaceutical & biotechnology and medical devices. The pharmaceutical & biotechnology segment held the largest market share. As sterility testing is done to find pyrogenic compounds or any foreign material that affects the quality of the final product. Parenteral products must specifically undergo sterility testing to ensure that they are pyrogen-free. One essential GMP (Good Manufacturing Practices) microbial testing requirement for sterile pharmaceutical products is sterility testing. A rod-shaped, gram-positive bacteria is called Propionibacterium acnes. These slow growing bacteria are found in human acne. Due to some bacteria's extremely slow growth rates, such as propionibacterium acne, sterility testing is conducted over a 14-day incubation period.
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By region, market is segmented into North America, Europe, Asia Pacific and MEA. In 2021, North America accounted for the largest market share of 49.6%. This may be due to the growing number of pharmaceutical industries in the US and Canada. The presence of numerous major market players in this sector is expected to have a significant impact on the expansion of the market. The global sterility testing market in this region is expanding as a result of stringent regulatory requirements for sterility testing of drugs and medical devices. The United States is currently the largest sterility testing market in North America and is expected to continue its dominance during the forecast period. The United States holds a major market share for sterility testing due to the presence of various global pharmaceutical and biopharmaceutical companies as well as significant funding for R&D from both the public and commercial sectors in the country. For example, in 2019, Canadian businesses spent a record USD 21.7 billion on in-house R&D, according to the Government of Canada, Industrial Research and Development, 2019 (Actual), 2020 (Intended), and 2021 (Intended) reports. , which is an increase of 3.8% compared to the expenditure in 2018. The Government of Canada's Pharmaceutical Industry Profile shows that from 2011 to 2020, pharmaceutical exports and imports to Canada and the rest of the world increased by 143% and 58%, respectively.
Asia Pacific is expected to grow the fastest during the forecast period. This is a result of emerging countries harmonizing their regulatory regimes with ICH standards. In addition, many growing economies in the region are taking various steps to expand their domestic pharmaceutical industry and are encouraging global companies to set up facilities (collaborations that support outsourcing activities) there. Such activities will help regional development.
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Sterility Testing Market Drivers
New emerging technologies
Expansion of the pharmaceutical industry
Sterility Testing Market Restraints
Stringent government regulations
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The global sterility testing market is fragmented and highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global sterility testing market.
For example, in September 2021, Nelson Labs and Sterigenics Germany GmbH launched an expanded Center of Excellence for increased sterilization capacity and microbiological laboratory testing at their Wiesbaden facilities. This expansion is expected to meet the significantly increased demand for these services by the pharmaceutical and medical device industries.
Sterility Testing Market Top Player’s Company Profiles
Sterility Testing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global sterility testing market analysis, by test segmentation, the membrane filtration sterility testing segment accounted for the largest market share and is expected to grow at a significant CAGR during the forecast period. By region, in 2021, North America accounted for the largest market share of 49.6%. The presence of a number of major market players in this sector is expected to have a significant impact on the expansion of the market. The increased unit cost of sterility testing due to stringent regulatory norms and the acute shortage of qualified sterility testing professionals are severely hampering the market expansion.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 161.18 million |
Market size value in 2031 | USD 469 million |
Growth Rate | 12.6% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Sterility Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Sterility Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Sterility Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Sterility Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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REQUEST FREE CUSTOMIZATIONSterility Testing Market size was valued at USD 161.18 million in 2019 and is poised to grow from USD 181.36 million in 2023 to USD 469 million by 2031, growing at a CAGR of 12.6% in the forecast period (2024-2031).
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Product ID: SQMIG35A2169