Product ID: SQMIG35A2169
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.
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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