Global Sterility Testing Market Research Report and Forecast 2023Â Sterility testing is carried out to confirm that products are free from microorganisms.
Sterilization can be carried out in various ways including heat, chemicals, irradiation, high pressure, and filtration.
The global sterility testing market was valued at USD 540.1 million in 2017 and is expected to register a CAGR of 11.10% during the forecast period from 2018 to 2023.
In the sterilization process, microorganisms are either killed or are made inactive while biological agents are also eliminated.
Most medical and surgical devices used in the pharmaceuticals industry are made of materials that are heat stable and therefore undergo heat, primarily steam, sterilization.
However, increasingly, medical devices and instruments are being made of materials that require low-temperature sterilization.
According to the new market research report sterility testing market is expected to reach USD 941.0 Million by 2021 from USD 528.0 Million in 2016, at a CAGR of 12.3% from 2016 to 2021.Globally, the sterility testing market is witnessing high growth due to factors such as the growth of pharmaceutical & biotechnology companies, increasing drug launches, growing government support for pharmaceutical and biotechnology industries, and rising R in the life science industry.
Companies are focusing on strategies of expansions; mergers and acquisitions; product launches and; agreements, partnerships, and collaborations to strengthen their foothold in the market.Read More: https://www.marketsandmarkets.com/PressReleases/sterility-testing.asp    Based on product, the market is segmented into kits and reagents, instruments, and services.
The large share of the kits and reagents segment can be attributed to the requirement of the repeat purchase of these products, coupled with the increasing preference for kit-based testing.Based on test, the market is segmented into membrane filtration, direct inoculation, and other sterility tests.
The large share of this segment can primarily be attributed to rapid growth in the pharmaceutical and biotechnology end-use industry.Based on application, the market is segmented into pharmaceutical and biological manufacturing, medical devices manufacturing, and others applications.
The pharmaceutical and biological manufacturing segment is projected to witness the highest growth in this market due to the rapid growth in the pharma and biotech industries.Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=208866931Asia is expected to witness a steady year-on-year growth, owing to the trend of outsourcing drug discovery research activities to countries in this geography.
Moreover, an increase in government support for pharmaceutical and biotechnology industries in this region will further fuel the demand for products offered in the sterility testing market.
Global Sterility Testing Market Research Report and Forecast 2023Â Sterility testing is carried out to confirm that products are free from microorganisms.
Sterilization can be carried out in various ways including heat, chemicals, irradiation, high pressure, and filtration.
The global sterility testing market was valued at USD 540.1 million in 2017 and is expected to register a CAGR of 11.10% during the forecast period from 2018 to 2023.
In the sterilization process, microorganisms are either killed or are made inactive while biological agents are also eliminated.
Most medical and surgical devices used in the pharmaceuticals industry are made of materials that are heat stable and therefore undergo heat, primarily steam, sterilization.
However, increasingly, medical devices and instruments are being made of materials that require low-temperature sterilization.
According to the new market research report sterility testing market is expected to reach USD 941.0 Million by 2021 from USD 528.0 Million in 2016, at a CAGR of 12.3% from 2016 to 2021.Globally, the sterility testing market is witnessing high growth due to factors such as the growth of pharmaceutical & biotechnology companies, increasing drug launches, growing government support for pharmaceutical and biotechnology industries, and rising R in the life science industry.
Companies are focusing on strategies of expansions; mergers and acquisitions; product launches and; agreements, partnerships, and collaborations to strengthen their foothold in the market.Read More: https://www.marketsandmarkets.com/PressReleases/sterility-testing.asp    Based on product, the market is segmented into kits and reagents, instruments, and services.
The large share of the kits and reagents segment can be attributed to the requirement of the repeat purchase of these products, coupled with the increasing preference for kit-based testing.Based on test, the market is segmented into membrane filtration, direct inoculation, and other sterility tests.
The large share of this segment can primarily be attributed to rapid growth in the pharmaceutical and biotechnology end-use industry.Based on application, the market is segmented into pharmaceutical and biological manufacturing, medical devices manufacturing, and others applications.
The pharmaceutical and biological manufacturing segment is projected to witness the highest growth in this market due to the rapid growth in the pharma and biotech industries.Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=208866931Asia is expected to witness a steady year-on-year growth, owing to the trend of outsourcing drug discovery research activities to countries in this geography.
Moreover, an increase in government support for pharmaceutical and biotechnology industries in this region will further fuel the demand for products offered in the sterility testing market.