Global Sterility Testing Market Size, Share, Growth, Trends, Demand, and Forecast by 2024
The global sterility testing market is growing at a significant rate due to the evolution of pharmaceutical & biotechnology companies, a mounting number of drug introductions. Different products such as instruments, kits & reagents, and services contributed to the sterility testing market size.
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On the basis of the test, the market is subdivided into membrane filtration, direct inoculation, and others. Speedy progress in the pharmaceutical and biotechnology industry, mounting filtration efficiency, and technological improvement in membrane filtration design and operations are the major factors responsible for the growth of the membrane filtration.
Evolution of pharmaceutical & biotechnology companies, a mounting number of drug introductions, escalating occurrence of chronic diseases, government assistance for pharmaceutical and biotechnology industries, and expanding research and development assets in life sciences are the primary growth drivers for sterility testing market.
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Globally, the manufacturing companies trying to enter the sterility testing market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.
Key players in the sterility testing market are catering to the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. Merck KGaA, SGS S.A, Pacific Biolabs, Thermo Fisher Scientific Inc., Charles River Laboratories International, Inc., Sartorius AG, Biomérieux SA, and Wuxi Apptec are the key players offering sterility testing products.
Source: VynZ Research
