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Sterility Testing Market: Current Analysis and Forecast (2021-2027)

Region:Global

Product Code:UMHE21513

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Published On

November 2021

Total pages

274 Table of Content

Market Overview
Scope Of The Report
Product covered
Table Of Content
Research Methodology
FAQs

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About the Report

Sterility testing is done to check the presence or absence of viable microorganisms capable of developing and multiplying under favorable growth conditions. Many pharmaceutical and biotechnology companies carry out sterility testing to examine the quality of the raw materials as well as the end product.

With rapid technological advancement and rising investment in research & development of pharmaceutical & biotechnology companies, the sterility testing market is witnessing an uptick all over the globe. For instance, the Pharmaceutical Research and Manufacturers of America (PhRMA) trade group represents the leading biopharmaceutical research companies in the United States. In 2019, the research and development (R&D) expenditure of its member companies reached USD 83 billion worldwide, up from USD 79.6 billion in 2018. Furthermore, the growing focus on the launch of new drugs owing to the support by the government for research and investments is propelling the growth of this market.

Furthermore, the growing safety concerns regarding the product and the manufacturing process has also fueled the need to carry out the sterility testing of all the raw materials, finished product as the demand for pharmaceutical and medical products is on the surge. Thus, many industry leaders are also expanding their services in this field. For example, in 2019, Alcami Corporation announced the launch of its new rapid sterility offering, a service that leverages cutting-edge microbiological testing technology to deliver significantly faster-testing results to its clients. The company invested in the Milliflex Rapid System for the rapid sterility test, which uses adenosine triphosphate (ATP) bioluminescence for the detection of microorganisms after five days.

Based on test type, the market is segmented into membrane filtration, direct inoculation, and others. The membrane filtration segment generated revenue of USD XX million in 2020. The market is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027 as it is one of the most preferred types of sterility testing procedure.

Based on product type, the market is segmented into reagents & kits, instruments, and services. The reagents & kits segment grabbed XX% market share of the sterility testing market and gathered revenue of USD XX million in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027.

Based on the application, the market is fragmented into pharmaceutical & biological manufacturing, medical device manufacturing, and other applications. The pharmaceutical & biological manufacturing segment captured XX% market share in 2020. The market of this segment is expected to reach USD XX million by 2027. However, the medical device manufacturing segment is also expected to grow at a significant pace in the forthcoming years.

For a better understanding of the market adoption of the sterility testing, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the sterility testing industry and generated revenue of USD XX Million in 2020 owing to the presence of well-established market players in the region.

Some of the major players operating in the market Merck KGaA, Thermo Fisher Scientific, Inc., Charles River Laboratories International, Inc., Biomerieux SA, SGS S.A., Danaher Corporation, Sartorius AG, WuXi AppTec, Toxikon Corporation, Sotera Health LLC, among others. Several M&A's along with partnerships have been undertaken by these players to develop new and advanced sterility testing kits.

Scope of the Report

Products

Global Sterility Testing Market is anticipated to grow with an elevated CAGR of more than 11% over the forecast period.

Companies

Merck KGaA, Thermo Fisher Scientific, Inc., Charles River Laboratories International, Inc., Biomerieux SA, SGS S.A., Danaher Corporation, Sartorius AG, WuXi AppTec, Toxikon Corporation, Sotera Health LLC

1 MARKET INTRODUCTION

1.1 Market Definitions

1.2 Objective of the Study

1.3 Limitation

1.4 Stake Holders

1.5 Currency Used in Report

1.6 Scope of the Global Sterility Testing Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 Research Methodology for the Global Sterility Testing Market

2.1.1 Main Objective of the Global Sterility Testing Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL STERILITY TESTING MARKET REVENUE

7 MARKET INSIGHTS BY TEST TYPE

7.1 Membrane Filtration

7.2 Direct Inoculation

7.3 Others

8 MARKET INSIGHTS BY PRODUCT TYPE

8.1 Reagents & Kits

8.2 Instruments

8.3 Services

9 MARKET INSIGHTS BY APPLICATION

9.1 Pharmaceutical & Biological Manufacturing

9.2 Medical Device Manufacturing

9.3 Other Applications

10 MARKET INSIGHTS BY REGION

10.1 NORTH AMERICA STERILITY TESTING MARKET

10.1.1 United States

10.1.2 Canada

10.1.3 Rest of North America

10.2 EUROPE STERILITY TESTING MARKET

10.2.1 Germany

10.2.2 France

10.2.3 United Kingdom

10.2.4 Spain

10.2.5 Italy

10.2.6 Rest of Europe

10.3 ASIA PACIFIC STERILITY TESTING MARKET

10.3.1 China

10.3.2 Japan

10.3.3 India

10.3.4 Australia

10.3.5 Rest of Asia Pacific

10.4 REST OF THE WORLD STERILITY TESTING MARKET

11 STERILITY TESTING MARKET DYNAMICS

11.1 Market Drivers

11.2 Market Challenges

11.3 Impact Analysis

12 STERILITY TESTING MARKET OPPORTUNITIES

13 STERILITY TESTING MARKET TRENDS & INSIGHTS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1 Demand Side Analysis

15.2 Supply Side Analysis

15.2.1 Top Product Launches

15.2.2 Top Business Partnerships

15.2.3 Top Merger & Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1 Porter's Five forces analysis

17.1.1 Bargaining power of Supplier

17.1.2 Bargaining power of Buyer

17.1.3 Industry Rivalry

17.1.4 Availability of Substitute

17.1.5 Threat of new Entrants

18 COMPANY PROFILED

18.1 Merck KGaA

18.1.1 Key Facts

18.1.2 Business Description

18.1.3 Key Product/Services Offerings

18.1.4 Growth Strategy

18.1.5 SWOT Analysis

18.1.6 Key Financials

18.1.6.1 Revenue Split

18.1.6.2 Financial Overview of Merck KGaA

18.1.7 Recent Developments

18.1.7.1 Product Launch

18.1.7.2 Partnerships

18.1.7.3 Business Expansion and Investments

18.1.7.4 Merger and Acquisition

18.2 Thermo Fisher Scientific, Inc.

18.3 Charles River Laboratories International, Inc.

18.4 Biomerieux SA

18.5 SGS S.A.

18.6 Danaher Corporation

18.7 Sartorius AG

18.8 WuXi AppTec

18.9 Sotera Health LLC

18.10 Toxikon Corporation

19 DISCLAIMER

Research Methodology

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