NEWARK, Del, May 05, 2023 (GLOBE NEWSWIRE) -- The pharmaceutical sterility testing market is predicted to be worth US$ 1,250.7 Million in 2023 and rise to US$ 3,815.6 Million by 2033. The global industry was expanding at a CAGR of 9.8% from 2018 to 2022.
The demand for effective medications is predicted to rise as the prevalence of chronic diseases rises. This drives the requirement for sterility testing of products before their release onto the market and supports global market expansion.
To reduce the possibility of product contamination, pharmaceutical sterility testing is done at every stage of the production of pharmaceutical and biological goods. The frequency of sterility testing in industries is rising, along with the demand for pharmaceutical and medical products for various health issues.
Potential Market Opportunity:
An increase in research and development expenditures in the biopharmaceutical industry contributed to the market's expansion. For instance, in December 2021, the pharmaceutical industry's annual research and development spending was 7.3 times higher than that of the aerospace and defense industries. Moreover, it was 6.5 times higher than that of the chemicals industry and 1.5 times higher than that of the software industry.
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Key Takeaways:
- By 2033, the pharmaceutical sterility testing market in the United Kingdom is likely to expand at a CAGR of 9.5%.
- In 2022, the United States dominated the pharmaceutical sterility testing sector, with a share of 41.5%.
- The pharmaceutical sterility testing market was significantly expanding, with a size of US$ 1,124.7 Million in 2022.
- By 2033, the pharmaceutical sterility testing industry in China is likely to expand, with a CAGR of 12.1%.
- By 2033, Australia is projected to expand in the pharmaceutical sterility testing business, with an expected CAGR of 10.4%.
- The market is expected to grow to US$ 1,747.7 Million valuations by 2026, with rising automated techniques.
- By 2033, India is projected to expand significantly in the pharmaceutical sterility testing sector, with a share of 12.8%.
- Japan's pharmaceutical sterility testing market share expanded significantly, with a 5.1% share in 2022.
- In 2022, the outsourced segment dominated the market with a share of 54.1%. It is anticipated to control the market by 2033 in terms of services.
- Based on product type, kits, and reagents dominated the market with a share of 39.7% in 2022.
Effective Approaches by Key Players:
Prominent players in the pharmaceutical sterility testing sector, as well as several smaller businesses providing specialized services or goods. This includes businesses that specialize in testing for particular sorts of products, including biologics or gene therapies. As well as those that concentrate on specific testing methodologies and technology.
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Recent Developments:
- In June 2022
- For its GMP batches, Berkshire Sterile Manufacturing opened a sterility testing isolator and conducted sterility testing. It provides sterile filling of injectable medications, the bulk of which are undergoing clinical trials or have little commercial need.
- STEMart has started conducting thorough sterility and microbial tests for sterile, non-pyrogenic medical equipment.
- Thermo Fisher Scientific announced plans to build two new sterile filling lines in Singapore in October 2020. To increase capacity for producing and developing vaccines and treatments in the APAC region.
Key Players:
- Merck KGaA
- bioMerieux SA
- Thermo Fisher Scientific Inc.
- Charles River Laboratories International Inc.
- Others
Key Segments
By Product:
- Kits and Reagents
- Instruments
By Application:
- Sterile Drugs
- Biologics and Therapeutics
- Medical Devices
By Test Type:
- Sterility Testing
- Membrane Filtration
- Direct Inoculation
- Bacterial Endotoxin Testing
- Rapid Micro Test
- Container Closure Integrity Testing
- Electrical Resistance
- Bioburden Testing
- ATP Bioluminescence
- Fluorescent Labeling
- Others
By Services:
- In-House
- Outsourced
By End Use:
- Compounding Pharmacies
- Medical Devices Companies
- Pharmaceutical Companies
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Table of Content (ToC):
1. Executive Summary | Pharmaceutical Sterility Testing Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US Million) & Volume (Units) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Kits and Reagents
5.3.2. Instruments
5.3.3. Services
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
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