Sterility testing market – rising cost of noncompliance to result in faster adoption of latest technology

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Sterility testing is used to ensure the complete absence of microbes, spores and their toxins and is thus a basic procedure performed in biotech and pharmaceutical industry as well as hospitals and laboratories. The sterility testing market was valued at USD 12.2 to 13.1 billion in 2016 and poised to grow at a CAGR of 7.0 to 8.3 % between 2016 and 2021.

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The market is growing due to factors such as growth in the pharmaceutical and biotechnology industries, growing laboratory services, development of resistant microbes, rising safety concerns, growing stringency of regulations, rising costs of non-compliance and others.

On the other hand, the high degree of market consolidations has constrained the market due to growing prices and falling competition.

Segmentation of global sterility testing market

The global sterility testing market is segmented on the basis of product, test, application, and region. On the basis of product, the market is segmented into kits and reagents, instruments, and services. The instruments segment is expected to account for the largest share of the market which is attributed to high value relative to the cost of the instruments. Kits and reagents are the fastest growing segments of the market.  On the basis of test, the market is segmented into membrane filtration, direct inoculation, and other sterility tests with membrane filtration segment accounting for the largest share. On the basis of application, the market is segmented into pharmaceutical and biotechnology industries, medical devices, hospitals and laboratories and others. The pharmaceutical and biological segment is expected to account for the largest share followed by hospitals and laboratories.

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Regional analysis of the sterility testing market

On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, and the Middle East and Africa. Sterility testing market is estimated to be driven by the growing demand for sterility testing from developing countries of Asia Pacific region, especially, China and India. Developing countries in Asia Pacific such as Indonesia, Cambodia, China, and India will hold a significant share of Asia Pacific sterility testing market. The growing pharmaceutical industry and unmet needs and the growing number of diagnostic and sampling procedures will drive the growth of the markets during the review period. Thus, the developing countries have potential to grow in this region due to less competition.

The healthcare industry in Asia Pacific is growing rapidly as compared to other regions due to growing per capita income of the region, which, in turn, drives the market for sterility testing. Furthermore, the rising health care expenditure in this region expected to drive the sterility testing market over the forecast period. Moreover, increasing population and improving & politically stable environment are adding fuel to the market growth.

However, low spending on the health care may hinder the market growth during the review period. Also, a lower penetration of diagnostics in the region will reduce the potential of the sterility testing market. Thus, low cost products will find a stronger growth in these markets owing to low income and low spending on diagnostics.

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