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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. Pharmaceutical sterility tests are procedures for checking the presence of microorganism in biological parenteral which are intended for human use. Pharmaceutical sterility testing is an important process in pharmaceuticals, medical equipment, and drugs manufacturing to assess the effectiveness of a sterilization process and is carried out at all levels of manufacturing to reduce the risk of product contamination.
Global Pharmaceutical Sterility Testing Market Size And Drivers:
The global pharmaceutical sterility testing market is expected to grow from $1.01 billion in 2020 to $1.12 billion in 2021 at a compound annual growth rate (CAGR) of 10.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The pharmaceutical sterility testing market is expected to reach $1.69 billion in 2025 at a CAGR of 10.8%. An increase in the number of drug launches and rising investment in research and development (R&D) contributed to the growth of the pharmaceutical sterility testing market.
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Trends In The Global 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. For instance, In 2019, RSSL started a sterility testing service for pharmaceutical and medical device companies, which gives fast, active, and flexible test services. RSSL’s new sterility testing service includes two methods, membrane filtration for aqueous, ethanol, solution, and oil-based products and direct injection tests for non-soluble to determine the presence of infecting microorganisms in sterilized or aseptic drug products. Similarly, in October 2019, Alcami Corporation, a leading provider of a fully-integrated system for the pharmaceutical and biologics industries, launched a new rapid sterility offering, a service that leverages cutting-edge microbiological testing technology to give significantly faster-testing returns to customers.
Global Pharmaceutical Sterility Testing Market Segments:
The global pharmaceutical sterility testing market is further segmented –
By Sample: Sterile Drugs, Medical Devices, Biologics And Therapeutics
By Product Type: Instruments, Kits And Reagents, Services
By Type: In-house, Outsourcing
By Test Type: Sterility Testing, Bioburden Testing, Bacterial Endotoxin Testing
By End-User: Compounding Pharmacies, Medical Devices Companies, Pharmaceutical Companies
By Geography: The global pharma sterility testing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Pharmaceutical Sterility Testing Market At:
https://www.thebusinessresearchcompany.com/report/pharmaceutical-sterility-testing-market-global-report-2020-30-covid-19-impact-and-recovery
Pharmaceutical Sterility Testing Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides pharmaceutical sterility testing market overviews, analyzes and forecasts market size and growth for the global pharmaceutical sterility testing market, pharmaceutical sterility testing market share, pharmaceutical sterility testing market players, pharmaceutical sterility testing market segments and geographies, pharmaceutical sterility testing market’s leading competitors’ revenues, profiles and market shares. The pharmaceutical sterility testing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
