Most-preferred Strategy Followed by Key Players in the Sterility Testing Market

 


(I-BusinessNews.Com, September 23, 2020 ) The growth of the sterility testing market can be attributed to the growth in the pharmaceutical and biotechnology industries, increase in the number of new drug launches, and increasing R&D in life science research.

According to the new market research report sterility testing market is expected to reach USD 941.0 Million by 2021 from USD 528.0 Million in 2016, at a CAGR of 12.3% from 2016 to 2021.

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Major players in the sterility testing market include Merck KGaA (Germany), Charles River Laboratories International, Inc. (U.S.), bioMérieux SA (France), SGS S.A. (Switzerland), Sartorius AG (Germany), WuXi AppTec (China), Nelson Laboratories (U.S.), Danaher Corporation (U.S.), Pacific Biolabs (U.S.), Toxikon Corporation (U.S.), and Thermo Fisher Scientific, Inc. (U.S.).

Merck KGaA (Germany) dominated the sterility testing market in 2015. The company’s dominance in the market can be attributed to its robust product portfolio and strong geographic presence. The company focuses on organic as well as inorganic growth strategies for enhancing its market position. In September 2016, the company launched its Steritest Symbio Pump systems to enhance its product portfolio and increase its market presence. Furthermore, the company was focused on inorganic growth strategies. In November 2015, Merck KGaA acquired Sigma-Aldrich Corporation (U.S.); this acquisition helped the company strengthen its sterility testing product portfolio.

Charles River Laboratories International, Inc. (U.S.) held the second position in the sterility testing market in 2015. This can be attributed to the company’s strong sterility testing portfolio. The company adopted organic growth strategies such as mergers and acquisitions to boost its market share. In November 2015, Charles River acquired Celsis International Ltd. (U.S.). This acquisition helped the company to strengthen its microbial detection product portfolio. Also in November 2015, Charles River Laboratories acquired Oncotest GmbH (Germany), a global CRO dedicated to discovery services for oncology. This acquisition strengthened Charles River’s portfolio of target discovery & validation services and in vivo pharmacology.

bioMérieux SA (France) held the third position in the sterility testing market in 2015. The company focuses on organic as well as inorganic growth strategies such as expansions and collaborations to enhance its market share. In March 2016, it entered into a distribution and co-development strategic partnership with Copan Italia S.p.A. (Italy). According to the terms of this agreement, bioMérieux SA and Copon will work together to distribute and develop solutions for microbiology laboratory automation and efficiency. Furthermore, the company was focused on organic growth strategies. In Octamer 2014, bioMérieux opened a new diagnostic testing facility in Isère, France. This facility enabled the company to develop new diagnostic solutions related to microbiology.

SGS S.A. (Switzerland) held the fourth position in the sterility testing market in 2015. The company adopted organic growth strategies such as expansions to boost its market share. In September 2016, SGS opened a new facility in Wiesbaden, Germany. The 500-m2 facility will provide extractables and leachables (E&L) testing to the pharmaceutical and related industries. This helped company to expand its quality control release testing capabilities at that facility. Also in December 2016, SGS acquired Quality Compliance Laboratories Inc. (U.S.). This acquisition helped the company to provide microbiological and analytical testing to pharmaceutical, nutraceutical, and cosmeceutical industries.

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Based on the analysis of strategic developments undertaken by market players between 2013 and 2016, the key strategies followed by most companies in the sterility testing market are expansions and acquisitions. Some of the leading players that adopted this strategy include bioMérieux SA (France), Merck KGaA (Germany), Nelson Laboratories (U.S.), Sartorius AG (Germany), SGS S.A. (Switzerland), Thermo Fisher Scientific, Inc. (U.S.), Charles River Laboratories (U.S.), and WuXi AppTec (China).

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