Pharmaceutical Sterility Testing Global Market Report 2024 - By Share, Demand, Growth And Trends, Outlook By 2033

"The new report published by The Business Research Company, titled ""Pharmaceutical Sterility Testing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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 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

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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.

Contents of the report:
1. Executive Summary
2. Pharmaceutical Sterility Testing Market Report Structure
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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