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Global Sterility Testing Market to Reach US$ 1500 Bn by 2025 as Growing Geriatric Population Drives Growth

Press release Description

Albany, New York, May 21, 2018: The global demand for sterility testing market is likely to reach a valuation of nearly US$ 1500 Bn, according to a new research report added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the study titled, “Sterility Testing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, increasing emphasis on quality healthcare services continues to drive demand for sterility testing market.

The study profiles the key drivers, restraints, opportunities, and threats prevalent in the market. According to the research study, some of the key factors driving the growth of the market include increasing emphasis on preventing the spread of infectious diseases, offering accurate diagnosis, and government funding and support for reagents and kits. These factors are likely to boost the demand for sterility testing during the assessment period.

Highlighting the region-wise scenario in the market, the research study profiles the regional analysis and trends in this landscape. North America continues to be one of the leading markets for sterility testing market, with the US accounting for the lion’s share of revenues. In addition to North America, Asia Pacific excluding Japan (APEJ) is likely to emerge as one of the most prominent markets for sterility testing globally. The demand for sterility testing equipment such as reagents and kits is likely to remain comprehensive in China and India, where a leading number of manufacturers are offering low-cost alternatives. Pharmaceutical application continues to be the leading application segment for sterility testing globally. Demand for traditional sterility testing continues to grow at a high pace owing to its cost effectiveness and low turnaround time.

The global sterility testing market is also likely to grow at a stellar pace on account of increasing geriatric population. The baby boomer population in the US is ramping up demand for sterility testing, and this is likely to create sizeable opportunities for market players in the region. Increase in the prevalence of chronic diseases is another key factor for the growth of the sterility testing market globally.

The business intelligence study also includes a detailed analysis on the product and business strategies of leading players. Some of the key players profiled in the research study include Sartorius AG, Merck KGaA, Thermo Fisher Scientific Inc., Solvias AG, bioMérieux, Inc, and Dickinson and Company. These players are focusing on expanding their footprint in Asia Pacific excluding Japan (APEJ) on account of the growing opportunities in the region.

Browse Full Global Sterility Testing Market Report with TOC :

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