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Comprehensive Analysis of Pharmaceutical Sterility Testing Market: Size, Latest Trends, Share Report, Competitive Insights, Segmentation, and Opportunities Forecast for 2032 || Pacific Biolabs, STRERIS Corporation, Boston Analytical, Gibraltar Laboratorie
Pharmaceutical Sterility Testing Market
The Business Research Company's Pharmaceutical Sterility Testing Global Market Report 2023 the increase in the number of drug launches and rising investment in research and development (R&D) as the major driver for the pharmaceutical sterility testing market's growth in the forecast period. Sterility is an important step in the manufacture of drugs to avoid product contamination and make the drugs free from any viable microorganisms. For instance, in March 2022, according to an article shared by Pharmaceutical Technology, a US-based independent source for information, insight, and analysis on bio/pharmaceutical formulation, the UK government has announced a $347 million (£260 million) commitment to advance research and development (R&D) and the creation of innovative treatments, tools, and diagnostics.
The global pharmaceutical sterility testing market grew from $1.19 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical sterility testing market is expected to grow from $2.07 billion in 2027 at a CAGR of 12.5%.
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Major competitors in the pharmaceutical sterility testing market are Pacific Biolabs, STRERIS Corporation, Boston Analytical, Gibraltar Laboratories, Sartorius AG, Solvias AG, SGS AG, Toxikon Inc., Pace Analytical Services LLC
A key trend in the Pharmaceutical Sterility Testing market includes introducing new pharmaceutical sterility testing products and services. The companies are launching technologically superior outcomes and well-equipped services to utilize the growth potential of the rising pharmaceutical sterility market. For instance, in June 2022, STEMart, a US-based provider of integrated medical device CRO services, launched comprehensive microbiology and sterility testing for sterile, non-pyrogenic products.
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The Pharmaceutical Sterility Testing market is segmented -
• By Sample: Sterile Drugs, Medical Devices, Biologics, and Therapeutics
• By Product Type: Instruments, Kits and Reagents, Services
• By Type: In-House, Outsourcing
• By Test Type: Sterility Testing, Bioburden Testing, and Bacterial Endotoxin Testing
• By End- User: Compounding Pharmacies, Medical Devices Companies, Pharmaceutical Companies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the pharmaceutical sterility testing market
The Business Research Company's "Global Pharmaceutical Sterility Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pharmaceutical Sterility Testing Market Include:
1. Executive Summary
2. Pharmaceutical Sterility Testing Market Characteristics
3. Pharmaceutical Sterility Testing Market Trends And Strategies
4. Pharmaceutical Sterility Testing Market - Macro Economic Scenario
5. Pharmaceutical Sterility Testing Market Size And Growth
……………
27. Pharmaceutical Sterility Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pharmaceutical Sterility Testing Market
29. Pharmaceutical Sterility Testing Market Future Outlook And Potential Analysis
30. Appendix
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