Press release
Pharmaceutical Sterility Testing Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
The Business Research Company offers in-depth market insights through Pharmaceutical Sterility Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pharmaceutical sterility testing market size has grown strongly in recent years. It will grow from $1.41 billion in 2023 to $1.54 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to rising demand for quality pharmaceutical products, growing emphasis on drug safety and efficacy, growing demand for biologics and biosimilar drugs, increasing prevalence of infectious diseases, rising investments in life science research.
The pharmaceutical sterility testing market size is expected to see strongly grown in the next few years. It will grow to $3.18 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to biopharmaceutical growth, personalized medicine, growing trend of outsourcing, quality assurance emphasis, pandemic preparedness. Major trends in the forecast period include rapid microbiological methods, combination products, data integrity and digitalization, automation and robotics, advanced analytical techniques.
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Market Segmentation:
The pharmaceutical sterility testing market covered in this report is segmented -
1) By Sample: Sterile Drugs, Medical Devices, Biologics and Therapeutics
2) By Product Type: Instruments, Kits and Reagents, Services
3) By Type: In- house, Outsourcing
4) By Test Type: Sterility Testing, Bioburden Testing, Bacterial Endotoxin Testing
5) By End- User: Compounding Pharmacies, Medical Devices Companies, Pharmaceutical Companies
Major Driver - Rising Research And Development Investments And New Drug Launches Propel Growth In Pharmaceutical Sterility Testing Market
An increase in the number of drug launches and rising investment in research and development (R&D) contributed to the growth of the pharmaceutical sterility testing market. 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 announced a $347 million (£260 million) commitment to advance research and development (R&D) and the creation of innovative treatments, tools, and diagnostics. Additionally, in December 2021, according to a report shared by IQVIA, a US-based provider of advanced analytics, technology solutions, and clinical research services, Over the next five years, until 2026, a total of 300 new medications are anticipated to be introduced; this is a large increase over the level observed on average over the previous ten years, and the drugs are anticipated to tilt toward specialty, niche, and orphan drugs. In the next five years, there will be a $196 billion increase in spending on new products, which will be roughly offset by a $188 billion decrease in brand spending owing to loss of exclusivity.
Competitive Landscape:
Major companies operating in the pharmaceutical sterility testing market include Pacific Biolabs Inc., STERIS Corporation, Boston Analytical Inc., Gibraltar Laboratories Inc., Sartorius AG, Solvias AG, SGS S.A., Toxikon Inc., Pace Analytical Services LLC, Charles River Laboratories International Inc., Nelson Laboratories Inc., Rapid Micro Biosystems Inc., bioMérieux Inc., Merck KGaA, WuXi AppTec, Sotera Health LLC, Dynalabs LLC, Infinity Laboratories, Eurofins Scientific SE, Avomeen Analytical Services, Microbac Laboratories Inc., Analytical Lab Group LLC, North American Science Associates Inc., Medical Device Testing Services Inc., Microtest Laboratories Inc., BioScreen Testing Services Inc., Microchem Laboratory Inc., Bactolac Pharmaceutical Inc., Micro Quality Labs Inc., Boston Microfluidics Inc., BioPharma Services Inc., Microbiology Research Associates, BioScience Laboratories Inc.
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Top Trend - Technologically Advanced Workstations To Address The Challenges In Sterility Testing.
Major companies operating in the pharmaceutical sterility market are launching advanced technological products such as the sterility test isolator workstation (STIW) to address the challenges in sterility testing and reduce false results. A sterility test isolator workstation (STIW) is a specialized containment system designed to provide a sterile environment for conducting sterility testing of pharmaceutical products. For instance, in March 2022, AUSTAR Group, a China-based technology-based pharmaceutical engineering solution company launched the Sterility Test Isolator Workstation (STIW) as part of the 'Standards' product range, available in UDAF and TURB models. This barrier isolator technology enhances sterility testing by significantly reducing false positives, boosting lab confidence, and cutting operational costs. Designed for safe sterility testing, the STIW protects against contamination and adheres to guidelines. Its integrated bio-decontamination system allows quick processing within 30 minutes, ensuring efficient workflow for operators.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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