The pharmaceutical sterility testing market report from The Business Research Company covers growth-driving insights such as pharmaceutical sterility testing market size, pharmaceutical sterility testing market trends and drivers, pharmaceutical sterility testing market segmentation, pharmaceutical sterility testing market competitive landscape and more

The pharmaceutical sterility testing market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 9%, as per The Business Research Company’s market report!

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The Pharmaceutical Sterility Testing Market Size In 2022 And Forecast

The global pharmaceutical sterility testing market is expected to grow from $1.09 billion in 2021 to $1.19 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The pharmaceutical sterility testing market is expected to reach $1.68 billion in 2026 at a CAGR of 8.9%.

The pharmaceutical sterility testing market consists of sales of pharmaceutical sterility testing products and related services which are used to confirm that pharmaceutical products are free from the presence of viable microorganisms.

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Increase In The Number Of Drug Launches And Rising Investment In R & D Is Driving The Growth Of The Pharmaceutical Sterility Testing Market

According to a report published by Fierce Biotech shows that the top ten pharmaceutical companies invested over $82 billion in R&D in 2019. Additionally, according to Pharma and Annual Review 2019 report, 1,273 new drugs were launched in the global market in 2019, a 6.2% increase from the previous year. Increased emphasis on quality and sterility coupled with increasing R&D activities in the pharmaceutical sector and rising production and launch of drug and medical devices is driving the market.

Competitive Landscape And The Regional Analysis Of The Pharmaceutical Sterility Testing Market

Major players in the pharmaceutical sterility testing market are Pacific Biolabs, STRERIS Corporation, Boston Analytical, Gibraltar Laboratories, Sartorius AG, SolviasAG, SGS AG, Toxikon Inc., Pace Analytical Services LLC, Charles River Laboratories International Inc, Nelson Laboratories Inc, Rapid Micro Biosystems Inc., BioMerieux, Merck KGaA, Wuxi AppTec, Sotera Health LLC, Dynalabs and Infinity.

Additionally, as per TBRC’s research – North America was the largest region in the pharmaceutical sterility testing market in 2021 holding the largest market share and The Middle East is expected to be the fastest-growing region in the forecast period.

The Pharmaceutical Sterility Testing Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pharmaceutical sterility testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the pharmaceutical sterility testing market.

Rising New Pharmaceutical Sterility Testing Products And Services – A Key Trend In The Pharmaceutical Sterility Testing Market

Companies in the pharmaceutical testing market are rising new pharmaceutical sterility testing products and services to enhance its product portfolio and increase its presence in the market. The companies are launching technologically superior outcomes and well-equipped services to utilize the growth potential of the rising pharmaceutical sterility market.

Pharmaceutical Sterility Testing Market Segmentation By The Business Research Company

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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