The 2022 global market size for biological safety testing stood at USD 4.32 billion, with expectations to reach USD 12.98 billion by 2032, reflecting a projected revenue compound annual growth rate (CAGR) of 13% throughout the forecast period. A key driver of this growth is the expanding presence of Biologics and Biosimilars within the pharmaceutical and biotechnology sectors. The heightened demand for biologics is notably fueled by the increasing prevalence of chronic diseases such as cancer and autoimmune disorders. Consequently, there is a rising need for biological safety testing, an indispensable component in the medication development process, ensuring the safety and efficacy of biologics and biosimilars prior to their market introduction.
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Market Overview:
The global market for biological safety testing is anticipated to undergo substantial expansion in the coming years, driven by the rising need for thorough safety testing of biologics and biosimilars to guarantee their effectiveness and safety. The market exhibits consolidation, with a small number of prominent players holding a significant portion of the market share. The global biological safety testing market report highlights several major companies, including:
Key Players covered in this report are
- Merck KGaA
- Thermo Fisher Scientific Inc.
- Charles River Laboratories International, Inc.
- Lonza Group AG
- SGS SA
- WuXi AppTec
- Eurofins Scientific SE
- Cytiva
- bioMérieux SA
- Sartorius AG
Based on Product Type market is segmented into:
- Endotoxin Tests
- Sterility Tests
- Cell Line Authentication and Characterization Tests
- Bioburden Tests
- Adventitious Agent Detection Tests
Based on Application market is segmented into:
- Blood & Blood Products
- Vaccines & Therapeutics
- Gene Therapy
- Tissue & Tissue Products
- Stem Cell Products
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Biological Safety Testing industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Biological Safety Testing manufacturers and provides valuable insight into the market for companies and individuals.
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