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Rapid Sterility Testing Market 2019 Comprehensive Analysis by Technology Enhancements, Applications Review by Industry Professionals and Key Players to Grow at a CAGR of 13.4% till 2023
Rapid Sterility Testing Market Research Report by Product (Kits & Reagents, Instruments, Services), Technology (Membrane Filtration, ATP Bioluminescence), Application (Pharmaceutical and Biological Manufacturing, Medical Device), and Region-Global Forecast till 2023Market Scenario
rapid sterility testing is anticipated to have held a market value of USD 158 million in the year 2017 and is expected to grow at a CAGR of 13.4% during the forecast period. Rapid sterility testing used to detect microbial contamination in given biologic sample. It is an alternative method for sterility testing.
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Increasing R&D expense and new product launches are expected to drive the growth of the market. According to the Center for Drug Evaluation and Research, in 2017, about 46 novel drug approvals were the 22 novel drug approval in 2016. On the other hand, the availability of the alternative traditional method can restrain the market growth over the assessment period.
Global Rapid Sterility Testing Market, by Key Players
· Charles River Laboratories, Inc. (US)
· Merck KGaA (Germany)
· Rapid Micro Biosystems, Inc. (US)
· bioMérieux (France)
· Sartorius AG (Germany)
· Thermo Fisher Scientific (US)
· Eurofins Scientific (Luxembourg)
· Becton, Dickinson and Company (US)
· FOCUS Laboratories (US)
· Gibraltar Laboratories (US)
Segmentation
The global rapid sterility testing market has been segmented into product, technology, and application.
Based on product, the market is segmented into kits & reagents, instruments, and services. The kits & reagents segment is expected to account for the largest share and fastest growing segment of the global market in 2017.
Based on technology, the market is segmented into membrane filtration, ATP bioluminescence, and others. The ATP bioluminescence segment is expected to account for the largest share segment of the global market in 2017.
Based on application, has been segmented into pharmaceutical and biological manufacturing, medical device manufacturing, other end users.
Regional Analysis
Geographically, the Americas is expected to dominate the global market owing to the presence of well-established players and growth in pharmaceutical and medical device companies. Europe is expected to hold the second largest position in the global market. Asia-Pacific is expected to be the fastest growing market owing to the increasing adoption of the technologies. Furthermore, the Middle Eastern and African region is expected to account for the least market share in the global market.
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Research Methodology
MRFR leverages its in-house expertise for drawing insightful conclusions into the market. Extensive primary and secondary research are undertaken which include SEC filings, interviews with stakeholders across the value chain, whitepaper references, etc. for backing the research findings. Top-down and bottom-up approaches employed validate the authenticity of the statistical observations available in the report. Furthermore, a multi-layer verification process is applied for eliminating deviations and discrepancies.
About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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