The Business Research Company’s latest report Pharmaceutical Sterility Testing Global Market Report 2020 covers Pharmaceutical Sterility Testing market drivers, Pharmaceutical Sterility Testing market trends, Pharmaceutical Sterility Testing market segments, Pharmaceutical Sterility Testing market growth rate, Pharmaceutical Sterility Testing market major players, and Pharmaceutical Sterility Testing market size. The report provides in-depth analysis of the impact of COVID-19 on the Pharmaceutical Sterility Testing industry, along with revised market numbers due to the effects of the coronavirus.
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Pharmaceutical Sterility Testing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global pharmaceutical sterility testing market is expected to decline from $1.02 billion in 2019 to $1 billion in 2020 at a compound annual growth rate (CAGR) of -3%. While the overall sterility testing market is a decline in 2020 due to COVID-19, some market segments (medical devices and drugs used for covid19), will grow significantly. Ceasing of pharmaceutical and medical devices production due to COVID-19 has impacted the sterility testing market. The market is expected to recover and reach $1.39 billion in 2023 at a CAGR of 8%.
The report covers the Pharmaceutical Sterility Testing market’s segments-
1) By Sample: Sterile Drugs, Medical Devices, Biologics and Therapeutics
2) By Product Type: Instruments, Kits and Reagents, Services
3) By Type: In- house, Outsourcing
4) By Test Type: Sterility Testing, Bioburden Testing, Bacterial Endotoxin Testing
5) By End- User: Compounding Pharmacies, Medical Devices Companies, Pharmaceutical Companies.
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