Global Sterility Testing Market Projected to Grow at a CAGR 12.1% over the Forecast Period 2017-2025

New York, USA, 2018-Dec-06 — /EPR Network/ —  Sterility Testing Market is swelled by the growth in biotechnology and pharmaceutical industry, high investments in R&D in life sciences and an increase in the number of drug approval cases. According to Goldstein Research, global sterility testing market size is expected to reach USD 1.3billion by 2025, growing at a compounded annual growth rate of 12.1% during the forecast period 2017-2025. Further, Global sterility testing market segmentation has been carried out on the basis of product, test, application, and geography. Based on product types, the kits and reagents segment accounted for the largest market share of 40.0% in 2017.

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Further, Global sterility testing industry is estimated to be dominated by North America with a market share of 45.0% in 2017, owing to the large presence of pharmaceutical companies in the region. Whereas, Asia Pacific region tends to grow at fastest CAGR on account of outsourcing pharmaceuticals the Asia countries such as China & India. India Pharmaceutical Industry is projected to grow at a CAGR of 15.9% over the forecast period to reach USD 76.7 billion by 2025.

Market Segmentation

On the basis of our in-depth analysis, Global Sterility Testing Market can be segmented as follows:

By Dental Implant Procedure

  • Root Form Sterility testing
  • Plate Form Sterility testing

By Dental Implant Type

  • Endosteal Implants
  • Subperiosteal Implants
  • Transosteal Implants
  • Intramucosal Implants

By Material

  • Titanium Implants
  • Zirconium Implants
  • Ceramic
  • Porcelain-Fused-to-Metal

By End User

  • Hospitals
  • Dental Clinics
  • Others

By Region

  • North America
  • Europe
  • The Middle East and Africa
  • Latin America
  • Asia Pacific

 

 “Global Sterility Testing Market Outlook 2025” contains detailed overview of the global sterility testing market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product, test and application.

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Further, for the in-depth analysis, Global Sterility Testing Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asWuXiAppTec, SGS SA, Charles River Laboratories International, Inc., Thermo Fisher Scientific, Inc., Sartorius AG, bioMérieux SA, Merck, Danaher Corporation, Nelson Laboratories, Pacific Biolabs, Toxikon Corporation., Rapid Micro Biosystems, Inc., Sigma-Aldrich Co. LLC., Gibraltar Laboratories, Pace Analytical Services, Inc., BioConvergence LLC, Baxter Healthcare Corporation, Boston Analytical, Neopharm Labs Inc., and LexaMed LTD.,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global sterility testing market trends along with market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future

Sterility Testing Market is driving due to advancement in mentioned below industries:

Medical Device Market

Medical Devices Market estimated at USD 380.0 billion in 2016, which is estimated to reach USD 532.2 billion by 2024, growing at a CAGR of 4.3% over the forecast period 2016-2024. geographically, medical devices market is dominated by North America region with nearly 40.0% market share owing to the high investments and presence of major players in the region. Australia Medical Devices Market is expected to reach USD 1.8 billion by 2025, growing at a CAGR of 4.6% over the forecast period 2017-2025. South Korea Medical Device Market is expected to reach USD 5.0 billion by the end of 2025, growing at a CAGR of 6.1% over the forecast period, 2017-2025.

Home Healthcare Equipment Market

The global home healthcare devices market is poised for rapid growth due to rise in aging population, growing demand for home healthcare systems due to the increasing healthcare costs, advancement in technology and government initiatives. Home Healthcare Equipment Market is around 12-15% of total home health care market, which is anticipated to reach USD 50 billion by the end of 2024, growing at a CAGR of 7% during the forecast period and rest of the share is generated by home healthcare services.

Reprocessed Medical Devices Market

Reprocessed Medical Devices Market is impacting the global medical device market on the account of increase in focus on reducing toxic hospital waste and an increase in inclination of market players towards eco-friendly solutions. It is observed that the reprocessing of medical devices in economies such as Brazil, Russia, and India is solely aimed at reducing hospital supply costs are directly targeting the global medical devices market. Moreover, rising global pressure to reduce medical waste for environmental concerns and to decline hospital expenditure, significant demand for reprocessed medical has been observed in recent years, which is likely to boost the growth of Medical Device Reprocessing Market in coming years.

 

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