Sterility Testing Market Size, Share and Forecast 2023-2029

The global sterility testing market size was valued at USD 1,425.7 million in 2022 and is poised to grow at a significant CAGR of 11.6% during the forecast period 2023-29. The primary drivers of the expansion of the global sterility testing market include the increasing demand for sterilized products and increasing advancement in technology in sterility testing market.

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The sterility testing market is segmented based on product type, test type, application, and geography.

Based on the product type, the market is segmented into the following:
• Instruments
• Kits and Reagents
• Services

Based on the test type, the market is segmented into the following:
• Membrane Filtration
• Direct Inoculation
• Others

Based on the application, the market is segmented into the following:
• Pharmaceutical and Biological Manufacturing
• Medical Devices Manufacturing
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Pharmaceutical and Biological Manufacturing Segment is expected to Dominate the Sterility Testing Market:
Based on the applications, the global Sterility Testing market is segmented into pharmaceuticals and biological manufacturing, medical devices manufacturing and others. The pharmaceutical and biological manufacturing segment is expected to account for larger revenue share in global sterility testing market over the forecasted years owing to the increasing demand for drugs, vaccines and high growth of pharmaceutical and biological industries. The manufacturing of pharmaceuticals and biologicals requires to carryout sterility testing in all the stages to minimize the risk of contamination. thus, as the demand for pharmaceutical increases eventually it is expected to increase the demand for sterility testing over the forecasted years.

North America Sterility Testing Market:
The North America sterility testing market is expected to increase over the forecast period due to increase in research and innovations of pharmaceutical and biotechnology industries in this region. In addition, the increasing focus of key market players in research and development of life sciences and medical technology is expected to drive the North America market over the forecasted years. Furthermore, presence of several pharmaceutical companies and biological manufacturers in this region and increased demand for drugs, vaccines, biological products are expected to boost the growth of sterility testing market in this region over the forecasted period.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

The global Sterility Testing market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2022, STEMart launched comprehensive microbiology and sterility testing for sterile, non-pyrogenic medical devices.

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Key players profiles in the sterility testing market report are Pacific Bio Labs, STERIS, Boston Analytica, Nelson Laboratories LLC, Sartorius AG, SOLVIAS AG, Laboratory Corporation of America Holding, STEMart, Charles River Laboratories, AUSTAR, Rapid Micro Biosystems, Inc.

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This release was published on openPR.