Thailand Pharmaceutical Sterility Testing Market Size & Outlook
Thailand pharmaceutical sterility testing market, 2018-2030 (US$M)
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Thailand pharmaceutical sterility testing market highlights
- The Thailand pharmaceutical sterility testing market generated a revenue of USD 6.2 million in 2023 and is expected to reach USD 13.3 million by 2030.
- The Thailand market is expected to grow at a CAGR of 11.4% 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 6.2 million |
| Market revenue in 2030 | USD 13.3 million |
| Growth rate | 11.4% (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, Thailand accounted for 0.4% 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 Asia Pacific, China pharmaceutical sterility testing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 251.8 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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Thailand 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 62.9% in 2023. Horizon Databook has segmented the Thailand pharmaceutical sterility testing market based on in-house, outsourcing covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand is one of the fastest-growing economies globally and the second largest across Southeast Asia. The country offers low-cost manufacturing activities, witnessing a steady increase in pharmaceutical services.
Pharmaceutical companies in Thailand are experiencing the impact of a growing elderly population, which is more susceptible to health issues, such as stroke, heart ailments, cancer, and diabetes. According to the Office of the National Economic & Social Development Board, the number of people aged over 60 is projected to reach approximately 13.5 million in 2023.
The pharmaceutical sterility testing market in Thailand is driven by significant R&D spending in the country. Moreover, the presence of major early-stage development CROs, such as Charles River Laboratories and Envigo, is expected to drive market growth.
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Target buyers of Thailand 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 Thailand pharmaceutical sterility testing market , including forecasts for subscribers. This country databook contains high-level insights into Thailand pharmaceutical sterility testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand pharmaceutical sterility testing market size, by type, 2018-2030 (US$M)
Thailand Pharmaceutical Sterility Testing Market Outlook Share, 2023 & 2030 (US$M)
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