Press release
Sterility Testing Market Will Reach At CAGR Of 10.78% Between 2017-2021
The rapid growth of the global biological safety testing market has influenced the global sterility testing market immensely. Biosafety is defined as the process of ensuring the biological integrity of consumable products by testing various type of contaminations and preventing them. Regulatory organizations across the world particularly the Food and Drug Administration (FDA) in the US and the European Medicines Agency (EMA) in Europe have made a prerequisite for all the drugs and biopharmaceuticals to undergo stringent safety testing in order to obtain approval. It is imperative for pharmaceutical and biotechnology companies to manufacture safe products otherwise unsafe products can be harmful to patients and ultimately damage the reputation of the company.
Technavios analysts forecast the global sterility testing market to grow at a CAGR of 10.78% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global sterility testing market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Sterility Testing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Charles River Laboratories
Merck
SGS
Thermo Fisher Scientific
Other prominent vendors
bioMerieux
Boston Analytical
Gibraltar Laboratories
Molecular Diagnostic Services
Sartorius
WuXi Biologics
Market driver
Rapidly growing pharmaceutical and biological research industry
For a full, detailed list, view our report
Market challenge
Limited demand for sterility testing in developing countries
For a full, detailed list, view our report
Market trend
Rising number of affiliation and accreditation
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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