Vantage Market Research
Sep 19, 2023
In terms of revenue, the Global Pharmaceutical Sterility Testing Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 11.7% from 2023 to 2030.
Due to several key drivers, the Pharmaceutical Sterility Testing industry is anticipated to grow significantly in the coming years. The rising prevalence of viral diseases and the need for effective pharmaceutical products have led to a growing demand for sterility testing. This is particularly important for parenteral drug products administered directly into the bloodstream, as contamination can have severe consequences for patient safety. Additionally, the stringent regulations and guidelines imposed by regulatory bodies such as the US FDA and the EMA regarding the quality and safety of pharmaceutical products have increased the need for sterility testing. Pharmaceutical companies must conduct rigorous sterility testing to comply with these regulations and ensure the efficacy of their products.
Furthermore, the rising adoption of advanced technologies in sterility testing, such as rapid microbiological methods and automated systems, is expected to drive market growth. These technologies offer quicker and more accurate results, reducing the testing time and improving overall efficiency.
Key Highlights from the Report
· Among the Product Type segment, the Kits and Reagents segment is anticipated to dominate the Pharmaceutical Sterility Testing market with the largest market share in the forecast period, considering the increasing demand for efficient and accurate testing methods to ensure the sterility of pharmaceutical products.
· By the Test Type segment, the Bacterial Endotoxin Testing segment accounted for the maximum CAGR during the forecast period because of the growing demand for parenteral drugs and implants.
· Based on the End Use segment, the Pharmaceutical Companies segment dominated the Pharmaceutical Sterility Testing market, which is anticipated to continue. The strict regulatory requirements and quality control measures imposed on pharmaceutical products are responsible for its rapid rise.
· In terms of Region, North America held the significant market share in 2022 and is likely to be the most gainful market. Elements including well-established healthcare infrastructure, the presence of key market players, and high demand for pharmaceutical products in the region are aiding this market expansion.
Market Dynamics
Pharmaceutical Sterility Testing is crucial to ensure that pharmaceutical products, including injectable drugs and medical devices, are free from harmful microorganisms. The testing is usually conducted in a controlled laboratory environment and involves using susceptible techniques to detect the presence of any viable microorganisms. This includes bacteria and fungi that could cause infection or harm to patients. Sterility testing aims to ensure that the products are safe for use and meet the stringent criteria of excellence set by regulatory authorities such as the FDA.
Pharmaceutical Sterility Testing is governed by various supervisory authorities, including the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA). These regulatory agencies provide guidelines and requirements for sterility testing to ensure the safety and quality of pharmaceutical products. Compliance with these regulations is crucial for pharmaceutical companies to obtain the necessary product approvals.
However, the global Pharmaceutical Sterility Testing industry faces several significant restraints, including strict regulatory requirements, expensive testing equipment and facilities, a shortage of skilled professionals, and the potential for false positive or false negative test results. Furthermore, the industry is challenged by the need for ongoing testing and the extended timeframe required for the sterility testing process. The COVID-19 pandemic has further disrupted supply chains and led to a scarcity of testing materials, exacerbating the challenges faced by the industry.
North America Pharmaceutical Sterility Testing market is expected to witness a noteworthy development with a significant growth rate over the analysis period. Notable industry participants like Garden of Pacific Biolabs, STERIS, Boston Analytical, Nelson Laboratories LLC, Sartorius AG, SOLVIAS AG, and SGS SA are anticipated to accelerate market growth in the area. This can be attributed to factors such as a well-established healthcare infrastructure, the presence of key market players, and a high demand for pharmaceutical products in the region. In addition, stringent regulations relating to pharmaceutical manufacturing and testing also contribute to the market growth in North America. The United States dominates the market due to many pharmaceutical companies and extensive research and development activities. Moreover, the rising cases of chronic diseases and the growing emphasis on maintaining sterility in pharmaceutical products further drive the demand for sterility testing in the region.
The Global Pharmaceutical Sterility Testing Market is Segmented as follows
- Product Type
- Kits & Reagents
- Instruments
- Service
- Test Type
- Sterility Testing
- Bioburden Testing
- Bacterial Endotoxin Testing
- Other Test Types
- End-Use
- Compounding Pharmacies
- Medical Devices Companies
- Pharmaceutical Companies
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Pharmaceutical Sterility Testing Market is
Pacific Biolabs (U.S.), STERIS (U.S.), Boston Analytical (U.S.), Nelson Laboratories LLC (U.S.), Sartorius AG (Germany), SOLVIAS AG (Switzerland), SGS SA (Switzerland), Laboratory Corporation of America Holding (U.S.), Pace Analytical (U.S.), Charles River Laboratories (U.S.), Thermo Fisher Scientific Inc. (U.S.), Rapid Micro Bio Systems Inc. (U.S.)
The Global Pharmaceutical Sterility Testing Market Scope can be Tabulated as below
Parameter | Details |
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Market Size Provided for Years | 2017 - 2030 |
Base Year | 2022 |
Historic Years | 2017 - 2021 |
Forecast Years | 2023 - 2030 |
Segments Covered |
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Regions & Counties Covered |
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Companies Covered |
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |