Europe Pharmaceutical Sterility Testing Market Size & Outlook
Europe pharmaceutical sterility testing market, 2018-2030 (US$M)
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Europe pharmaceutical sterility testing market highlights
- The Europe pharmaceutical sterility testing market generated a revenue of USD 360.5 million in 2023.
- The market is expected to grow at a CAGR of 10.5% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 360.5 million |
| Market revenue in 2030 | USD 725.9 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Outsourcing |
| Fastest growing segment | Outsourcing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 22.7% of the global pharmaceutical sterility testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 761.5 million by 2030.
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Pharmaceutical Sterility Testing Market Scope
Pharmaceutical Sterility Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 58.92% in 2023. Horizon Databook has segmented the Europe pharmaceutical sterility testing market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
The pharmaceutical sterility testing market in Europe is highly regulated by European Medicines Agency (EMA) and Medicines & Healthcare products Regulatory Agency (MHRA).
These regulatory bodies regularly conduct inspections to ensure compliance of the manufacturing units and contract manufacturing units with quality standards. Such regulations are anticipated to fuel the market growth in this region.
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Target buyers of Europe 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 continent-level data and insights on the Europe pharmaceutical sterility testing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pharmaceutical sterility testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pharmaceutical sterility testing market size, by country, 2018-2030 (US$M)
Europe Pharmaceutical Sterility Testing Market Outlook Share, 2023 & 2030 (US$M)
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