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Title: Sterility Testing Market worth 941.0 Million USD by 2021


1
MarketsandMarkets Presents
  • Sterility Testing Market - Global Forecasts to
    2021

2
  • The sterility testing market was valued at USD
    528.0 Million in 2016 and poised to grow at a
    CAGR of 12.3 between 2016 and 2021, to reach USD
    941.0 Million in 2021. Sterility testing is
    conducted for the presence or absence of viable
    microorganisms capable of developing and
    multiplying under favorable conditions. Sterility
    testing is used by pharmaceutical
    biotechnological companies and medical devices
    companies to ensure the absence of contaminants
    in biologics and medical devices. Growth in the
    pharmaceutical and biotechnology industries,
    increase in the number of new drug launches, and
    increasing RD in life science research are the
    key factors driving the growth of this market.
    The market is further driven by factors such as
    increasing government support for pharmaceutical
    and biotechnology industries. On the other hand,
    the high degree of market consolidation is a
    major factor restraining the growth of this
    market.

3
http//www.marketsandmarkets.com/Market-Repor
ts/sterility-testing-market-208866931.html On
the basis of product, the market is segmented
into kits and reagents, instruments, and
services. The kits and reagents segment is
expected to account for the largest share of the
market. 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.
4
  • On the basis of application, the market is
    segmented into pharmaceutical and biological
    manufacturing, medical devices manufacturing, and
    others applications. In 2016, the pharmaceutical
    and biological manufacturing segment is expected
    to account for the largest share primarily due to
    the rapid growth in the pharma and biotech
    industries.
  • On the basis of region, the global market is
    segmented into North America, Europe, Asia, and
    the Rest of the World (RoW). The Asian market
    will witness the highest growth during the
    forecast period, primarily due to the increasing
    expenditure on life science research in the
    region and growing trend of pharmaceutical
    outsourcing to Asian countries like India and
    China.
  • Key players operating in the market include Merck
    KGaA (Germany), Charles River Laboratories
    International, Inc. (U.S.), bioMérieux SA
    (France), SGS S.A. (Switzerland), Sartorius AG
    (Germany), WuXi AppTec (China), and Thermo Fisher
    Scientific, Inc. (U.S.).

5
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  • http//twitter.com/marketsmarkets

6
About MarketsandMarkets
MarketsandMarkets is a global market research and
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