Sterility Testing Market by Product and Geography - Forecast and Analysis 2020-2024

Published: Oct 2020 Pages: 120 SKU: IRTNTR45558

The sterility testing market size has the potential to grow by USD 1.02 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (consumables, devices, and services) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including bioMérieux SA, Charles River Laboratories International Inc., Ecolab Inc., Eurofins Scientific SE, Merck KGaA, Sartorius AG, SGS SA, Sotera Health LLC, STERIS Plc, and Thermo Fisher Scientific Inc.

Market Overview

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Market Competitive Analysis

The sterility testing market is fragmented. The competitive environment in this market will intensify further with the increase in product/service extensions and product innovations. The vendors are constantly competing against each other for a higher market share. Many new entrants are trying to enter the market as the market offers huge growth opportunities. bioMérieux SA, Charles River Laboratories International Inc., and Ecolab Inc. are some of the major market participants. Although the growing cases of HAIs will offer immense growth opportunities, the limited demand for sterility testing in developing countries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this sterility testing market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this sterility testing market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

 

  • bioMérieux SA
  • Charles River Laboratories International Inc.
  • Ecolab Inc.
  • Eurofins Scientific SE
  • Merck KGaA
  • Sartorius AG
  • SGS SA
  • Sotera Health LLC
  • STERIS Plc
  • Thermo Fisher Scientific Inc.

 

Sterility Testing Market: Segmentation by Geography

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North America was the largest sterility testing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising pharmaceutical market will significantly drive sterility testing market growth in this region over the forecast period.

39% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for sterility testing in North America. However, market growth in this region will be slower than the growth of the market in Asia and Europe.

Sterility Testing Market: Segmentation by Product

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Consumables used in sterility testing are reagents, kits, test media, solutions, dilution fluids, and disinfectant fluids. Due to the rising number of biological research companies and pharmaceutical companies, the demand for sterility testing is increasing, which is ultimately influencing the market growth for consumables. The availability of a wider range of products with improved features and functions is also leading to the highest market share of consumables. 

However, market growth in the consumables segment will be slower than the growth of the market in the devices and services segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the sterility testing market size.

Sterility Testing Market: Key Drivers and Trends

Technavio's market study identifies the growing cases of HAI to be one of the primary growth factors for the sterility testing market. In recent years, the cases of hospital-acquired infection (HAI) witnessed a considerable increase, which, in turn, has led to a rise in the number of deaths and also increased healthcare costs. This will induce hospitals to conduct tests to ensure better patient safety and reduce the risk of contamination from medical instruments, disposables, and patient rooms. Since sterility testing is one of the routine processes that hospitals usually undergo to prevent the spreading of contaminating microorganisms, the market is expected to record significant growth. Our market analysts estimate that the market will grow steadily at a CAGR of almost 19% during the forecast period.

Healthcare users, including hospital-based inpatients, are the primary consumers for sterility testing product manufacturers. This is primarily because the FDA has laid down several regulations and guidelines to ensure that healthcare practitioners and patients follow the best practices for sterility testing. Sterility testing is becoming a norm in hospitals and healthcare settings to free the hospital environment from microbial contamination and ensure the utmost patient safety. With the rising awareness about sterility testing, the sterility testing market will witness significant growth in the coming years.

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Sterility Testing Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive sterility testing market growth during the next five years
  • Precise estimation of the sterility testing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sterility testing industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sterility testing market vendors

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***1. Executive Summary                                           

***2. Market Landscape                                             

                **2.1 Market ecosystem                             

              *Exhibit 01:  Parent market                        

                **2.2 Market Characteristics                      

              *Exhibit 02:  Market Characteristics                        

                **2.3 Value chain analysis                           

              *Exhibit 03: Value chain analysis for Life sciences tools and services                         

                                *2.3.1 Research and development          

                                *2.3.2 Inputs    

                                *2.3.3 Production           

                                *2.3.4 Distribution          

                                *2.3.5 Marketing and sales         

                                *2.3.6 Post-sales and services   

              *Industry Innovations                   

***3. Market Sizing                                       

                **3.1 Market definition               

                                *3.1.1 Product segmentation    

                                *3.1.2 Application           

                                *3.1.3 Test type               

              *Exhibit 04:  Offerings of vendors included in the market definition                          

                **3.2 Market segment analysis                 

              *Exhibit 05:  Market segments                  

                **3.3 Market size 2019                 

                **3.4 Market outlook: Forecast for 2019- 2024                   

              *Exhibit 06: Global - Market size and forecast 2019- 2024 ($ million)                        

*Exhibit 07: ​​​​Global - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect                                

              *Exhibit 08: Global market: Year-over-year growth 2019- 2024 (%)                           

                                *3.4.1 ​Increase in dual-household income            

                                *3.4.2 Emergence of new distribution channels

                                *3.4.3 Increasing demand for premium products among the upper-class society 

***4. Five Forces Analysis                                          

                **4.1 Five Forces Summary                        

              *Exhibit 09: Five forces analysis 2020 & 2025                       

                **4.2 Bargaining power of buyers                           

                **4.3 Bargaining power of suppliers                       

                **4.4 Threat of new entrants                    

                **4.5 Threat of substitutes                         

                **4.6 Threat of rivalry                   

                **4.7 Market condition                

              *Market condition - Five forces 2020                       

***5. Market Segmentation by Product                                

                **​The segments covered in this chapter are:                       

  • *Consumables                 
  • *Devices                             
  • *Services                            

**Women was the largest segment of the market in 2019 and will continue to be the largest segment of the market in 2024, growing faster than the overall market (around 2%). It would grow at a compounded annual growth rate of around 3% between 2019 and 2024.

**Buy the full sterility testing market forecast report for exhaustive analytical data on the segmentations.                               

                **5.1 Market segments               

              *Exhibit 16: Product - Market share 2019- 2024 (%)                         

                **5.2 Comparison by Product                    

              *Exhibit 17: ​Comparison by Product                        

                **5.3 Consumables  - Market size and forecast 2019- 2024                           

              *Exhibit 18: Consumables  - Market size and forecast 2019- 2024 ($ million)​                         

*Exhibit 19: ​​​Consumables - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect                   

              *Exhibit 20: ​Consumables  - Year-over-year growth 2019- 2024 (%)                          

                **5.4 Devices - Market size and forecast 2019- 2024                       

              *Exhibit 21: Devices - Market size and forecast 2019- 2024 ($ million)​                      

*Exhibit 22: ​​​​​​​​​​​​​​​​​​​Devices - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect                                

              *Exhibit 23: Devices - Year-over-year growth 2019- 2024 (%)                       

                **5.5 Services​ - Market size and forecast 2019- 2024                      

              *Exhibit 24: Services​ - Market size and forecast 2019- 2024 ($ million)​                     

*Exhibit 25: ​​​​​​​​​​​​​​​​Services - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect                                

              *Exhibit 26: Services​ - Year-over-year growth 2019- 2024 (%)                      

                **5.6 Market opportunity by Product                    

              *Exhibit 27: ​Market opportunity by Product                        

***6. Customer landscape                                         

**Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria                   

              *Exhibit 28: ​Customer landscape​                              

***7. Geographic Landscape                                     

                **​​The regions covered in the report are:                              

  • *North America                               
  • *Europe                              
  • *Asia                    
  • *ROW                  

**The four regions have been ranked based on their market size in 2019. North America ranked first as the largest region, while ROW was the smallest region in 2019. In 2024, the four regions will maintain the same position as that in 2019. This is indicative of the limited changes in the geographical composition of the market, given that the ranking of no region will change by 2024.                

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                **7.1 Geographic segmentation               

              *Exhibit 29: ​Market share by geography 2019- 2024 (%)                

                **7.2 Geographic comparison                   

              *Exhibit 30: Geographic comparison                       

                **7.3 North America - Market size and forecast 2019- 2024​                         

              *Exhibit 31: ​North America - Market size and forecast 2019- 2024 ($ million)​                        

*Exhibit 32: ​​​​​​​​​​​North America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect                   

              *Exhibit 33: ​North America - Year-over-year growth 2019- 2024 (%)                         

                **7.4 Europe - Market size and forecast 2019- 2024                         

              *Exhibit 34: ​Europe - Market size and forecast 2019- 2024 ($ million)                       

*Exhibit 35: ​​​​Europe - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect                                

              *Exhibit 36: ​Europe - Year-over-year growth 2019- 2024 (%)                        

                **7.5 ​Asia - Market size and forecast 2019- 2024                              

              *Exhibit 37: ​Asia - Market size and forecast 2019- 2024 ($ million)​                             

*Exhibit 38: ​​​​Asia - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect                    

              *Exhibit 39: Asia - Year-over-year growth 2019- 2024 (%)                              

                **7.6 ROW - Market size and forecast 2019- 2024                             

              *Exhibit 40: ​ROW - Market size and forecast 2019- 2024 ($ million)​                           

*Exhibit 41: ​​​​​​​​​​ROW - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect                  

              *Exhibit 42: ROW - Year-over-year growth 2019- 2024 (%)                            

                **7.9 Key leading countries                        

              *Exhibit 43: Key leading countries                            

                **7.10 Market opportunity by geography                            

              *Exhibit 44: Market opportunity by geography ($ million)                              

***8. Drivers, Challenges, and Trends                                   

                **8.1 Market drivers                     

              *8.1.1 ​​​​​​​​​​Rapidly growing pharmaceutical and biological research industry                 

              *8.1.2 Stringent regulatory requirements for sterilization                              

              *8.1.3 Growing cases of HAIs                     

                **8.2 ​Market challenges                              

              *8.2.1 ​​​​​​Limited demand for sterility testing in developing countries                           

              *8.2.2 Non-compliance with sterilization standards                          

              *8.2.3 Complex process of sterility testing                            

              *Exhibit 45: Important factors for carrying out sterility testing                    

              *Exhibit 46: Impact of drivers and challenges                      

                **8.3 Market Trends                     

              *8.3.1 Rising number of affiliation and accreditation                        

              *8.3.2 Rising awareness about sterility testing                   

              *8.3.3 Increasing adoption of rapid sterility testing                          

***9. Vendor Landscape                                             

                **9.1 Vendor landscape                               

              *Exhibit 47: Vendor landscape                  

                **9.2 Landscape disruption                        

*The potential for the disruption of the market landscape was low in 2019, and its threat is expected to remain unchanged by 2024.                   

              *Exhibit 48: ​Landscape disruption​                            

              *Exhibit 49: Industry risks                            

                **10.3 ​Competitive Scenario                      

***10. Vendor Analysis                               

                **10.1 Vendors covered                              

              *Exhibit 50: Vendors covered                    

                **10.2 Market positioning of vendors                    

              *Exhibit 51: ​Market positioning of vendors​                          

                **10.3 bioMérieux SA                   

              *Overview                         

              *Business Segments                      

              *Key Offering                   

                **10.4 ​​​Charles River Laboratories International Inc.                         

              *Overview                         

              *Business Segments                      

              *Key Offering                   

                **10.5 Ecolab Inc.                           

              *Overview                         

              *Business Segments                      

              *Key Offering   

                **10.6 Eurofins Scientific SE                       

              *Overview                         

              *Business Segments                      

              *Key Offering                   

                **10.7 ​Merck KGaA                       

              *Overview                         

              *Business Segments                      

              *Key Offering                   

                **10.8 Sartorius AG                       

              *Overview                         

              *Business Segments                      

              *Key Offering                   

                **10.9​ SGS SA                  

              *Overview                         

              *Business Segments                      

              *Key Offering                   

                **10.10 ​​​Sotera Health LLC                           

              *Overview                         

              *Business Segments                      

              *Key Offering                   

                **10.11 STERIS Plc                          

              *Overview                         

              *Business Segments                      

              *Key Offering   

                **10.12 Thermo Fisher Scientific Inc.                      

              *Overview                         

              *Business Segments                      

              *Key Offering                   

***11. Appendix                                            

                **11.1 Scope of the report                         

              *11.1.1 ​​​​Market definition                            

              *11.1.2 ​​​​Objectives                          

              *11.1.3 ​​​​Notes and caveats                           

                **11.2 Currency conversion rates for US$                            

              *Exhibit 100: ​Currency conversion rates for US$​                

                **11.3 Research Methodology                 

              *Exhibit 101: ​Research Methodology                     

              *Exhibit 102: ​​Validation techniques employed for market sizing​                 

              *Exhibit 103: ​​Information sources                            

                **11.4 List of abbreviations                        

              *Exhibit 104: List of abbreviations                            

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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