Europe Sterility Testing Market Trends with Double Digit CAGR of 10.8% by 2023; Exclusively Available at MarketResearchFuture.com

The EMEA Sterility Testing Market is expected to grow at an approximate CAGR of 10.8% during the forecast period. The EMEA sterility testing market is segmented on the basis of product, test, application and end users. On the basis of the product, the market is segmented into kits & reagents, services, instruments, and others. On the basis of the test, the market is segmented into membrane filtration, direct inoculation sterility testing, and others. The membrane filtration segment is sub-segmented into membrane type which is further segmented into synthetic organic polymers and inorganic materials. The synthetic organic polymers, by membrane type, are sub-segmented into polysulfone, cellulose acetate, and others. The inorganic materials, by membrane type, are sub-segmented into ceramic membranes, metal membranes and others.

On the basis of the application, the market is segmented into pharmaceutical industries, biotechnology industries, and others. On the basis of the end users, the market is segmented into hospitals & clinics, academic institutes, research organization and others.

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Key players for EMEA Sterility Testing Market:

Some of the major players in the market are Merck KGaA (Germany), bioMérieux SA (France), SGS SA (Switzerland), Sartorius AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Toxikon, Inc. (U.S.), Charles River (U.S.), and others.

EMEA Sterility Testing Market Regional Analysis:

Europe is the largest sterility testing market. High healthcare expenditures, government support for research & development and huge patient population drives the European market. Moreover, growing biotechnology and pharmaceutical industries is boosting the market growth. Additionally, the presence of the developed economies within the region like the U.K and France is fuelling the market growth during the forecast period. Regionally Europe is divided into Western Europe and Eastern Europe. Western Europe leads the market within the region. On the other hand, there are huge opportunities for the market growth in Eastern Europe.

Asia Pacific is the fastest growing region in EMEA market due to the presence of a huge patient population and continuously developing economies like India and China which have a growing healthcare industry. According to the Indian Brand Equity Foundation, in 2017, the Indian healthcare sector is one of the fastest growing industries and is expected to advance at a CAGR of 22.8% and reach USD 280 billion by 2020. Additionally, favorable government policies like reduced excise and customs duty followed by the exemptions in service tax in India boosts the regional market growth.

The Middle East & Africa holds the least share in the EMEA sterility testing market due to the presence of poor economies in the African region owing to the low per capita income and stringent government policies within the region. A majority of the Middle East & Africa market is held by the Middle East due to huge healthcare expenditures and presence of developed economies like Kuwait, Saudi Arabia, Dubai, and Qatar. 

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