Canada Pharmaceutical Sterility Testing Market Size & Outlook
Canada pharmaceutical sterility testing market, 2018-2030 (US$M)
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Canada pharmaceutical sterility testing market highlights
- The Canada pharmaceutical sterility testing market generated a revenue of USD 213.1 million in 2023 and is expected to reach USD 462.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, outsourcing was the largest revenue generating type in 2023.
- Outsourcing is the most lucrative type segment registering the fastest growth during the forecast period.
Pharmaceutical sterility testing market data book summary
| Market revenue in 2023 | USD 213.1 million |
| Market revenue in 2030 | USD 462.4 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Outsourcing |
| Fastest growing segment | Outsourcing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-House, Outsourcing |
| Key market players worldwide | Steris PLC, Sotera Health Co Ordinary Shares, Sartorius AG, Solvias, SGS AG, Labcorp Holdings Inc, Pace Analytical Services, Charles River Laboratories International Inc, Thermo Fisher Scientific Inc, Rapid Micro Biosystems Inc Class A, Almac Group, Pacific BioLabs, Inc., Boston Analytical, Labor LS |
Other key industry trends
- In terms of revenue, Canada accounted for 13.4% of the global pharmaceutical sterility testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pharmaceutical sterility testing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 462.4 million by 2030.
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Pharmaceutical Sterility Testing Market Scope
Pharmaceutical Sterility Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada pharmaceutical sterility testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical sterility testing market will help companies and investors design strategic landscapes.
Outsourcing was the largest segment with a revenue share of 58.94% in 2023. Horizon Databook has segmented the Canada pharmaceutical sterility testing market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of manufacturing units of large market players, such as Valeant, Johnson & Johnson, Sanofi Pasteur, Teva, Schering-Plough, Pfizer, Sandoz, GlaxoSmithKline, Inc., and Apotex, is expected to propel market growth.
These multinational enterprises in Canada are also adopting advanced manufacturing techniques and are diversifying their product portfolios into areas such as consumer healthcare, OTC products, and medical devices.
This diversification is anticipated to increase the demand for sterility testing as each batch is expected to pass the test before release. Moreover, indirect investments and outsourcing of sterility testing services by market players are anticipated to increase the demand for Canadian contract service providers.
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Target buyers of Canada pharmaceutical sterility testing market databook
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Our clientele includes a mix of pharmaceutical sterility testing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada pharmaceutical sterility testing market , including forecasts for subscribers. This country databook contains high-level insights into Canada pharmaceutical sterility testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pharmaceutical sterility testing market size, by type, 2018-2030 (US$M)
Canada Pharmaceutical Sterility Testing Market Outlook Share, 2023 & 2030 (US$M)
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