Global Sterility Testing Market Size, Share, Growth Analysis, By Test(Membrane filtration sterility testing and direct inoculation sterility testing), By End user(Pharmaceutical & biotechnology and medical devices), By Product(Instruments, Services) - Industry Forecast 2024-2031

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.