Sterility Testing Market Analysis and Business Growth Forecast 2021
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. 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. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208866931 Market Dynamics Drivers Growth of pharmaceutical & biotechnology companies Increasing number of drug launches Government support for pharmaceutical and biotechnology industries Increasing R&D investment in life sciences Restraints High degree of consolidation, major barrier for new market entrants Stringent regulatory frameworks and time-consuming approval processes Opportunities Emerging markets Increasingly pharmaceutical outsourcing Challenges Shorta...