Skip to main content

Global Biological Safety Testing Industry analysis research and trends report for 2017-2025

According to the latest report published by Credence Research, Inc. “Biological Safety Testing Market – (Product Type – Reagents & Kits, Instruments and Services); (Test Type – Sterility Tests, Endotoxin Tests, Cell Line Authentication and Characterization Tests, Residual Host Contaminant Detection Tests, Bioburden Tests, Adventitious Agent Detection Tests, Others Tests); (Application – Gene and Cellular Therapy, Tissue & tissue-based products, Vaccines & therapeutics, Stem Cell Research, and Others): Market Growth, Future Prospects and Competitive Analysis, 2017-2025,” the market was valued at USD 2.15 Bn in 2016, and is expected to reach USD 6.17 Bn by 2025, expanding at a CAGR of 12.3% from 2017 to 2025.
Browse the full report Biological Safety Testing Market: Market Growth, Future Prospects and Competitive Analysis, 2017-2025 report athttp://www.credenceresearch.com/report/biological-safety-testing-market
Market Insights 
Biological safety testing is a mandatory process in pharmaceutical and biotechnology companies for quality control measure for biological and drug manufacturing process. On the basis of products and services the biological safety testing market is segmented into reagents & kits, instruments and services. The reagents & kits held the largest market in the product segment due to repeated use of necessary reagents in the biological safety process. Hence, leading to the higher purchase of reagents and kits. Moreover, introduction of more advanced and modified reagents formulations serving the purpose better are further driving the market. The manufacturing companies are introducing the kits for particular application which has increased the better adaptability of these products in the laboratory setting and toxicology testing making it a more organized market. The most common tests elucidated in this study include sterility tests, endotoxin tests, cell line authentication and characterization tests, residual host contaminant detection tests, bioburden tests, adventitious agent detection tests and others. Sterility testing held the largest market in the overall biological safety testing market due to its wide application in pharmaceutical and biotechnology process. The constant efforts for ensuring drug product quality and safety, health authorities in many countries have implemented, or are considering implementing, quality control (QC) testing requirements for pharmaceuticals, biological/biotechnology, and/or vaccine products entering the market which would drive the biological safety testing market during the forecast period.
The applications mentioned in the biological safety testing market are gene and cellular therapy, tissue & tissue-based products, vaccines & therapeutics, stem cell research and other. Vaccines & therapeutics held the largest share in the application segment. Vaccines and therapeutics administered by the parenteral route are required to be tested for sterility at the final container and also at various stages during manufacture according to the guidelines issued by the FDA and respective authority to prevent toxicity and contaminations. Thus, defined guidelines ensuring the safety of developed vaccines with unaltered therapeutic value and reduced toxicity, which may result from constituent materials and pharmacodynamic action of the vaccine, are presumed to be responsible for the heightened demand of this segment during the forecast period.
Geographically, North America dominated the global biological safety testing market which was followed by Europe. The major factors leading to the dominance of North America are the presence of prominent players in the region with continuous market expansion and evolution. Heightened R&D activities undertaken by the companies with the initiatives by the government further drive the market. Asia Pacific is anticipated to be the fastest growing region the biological safety testing market due to growing healthcare infrastructure resulting in growing R&D investments from the major pharmaceutical giants. Moreover, lower cost of contract research has led to the paradigm shift towards Asia Pacific. In addition, favourable regulatory policies enforced by the healthcare organizations to improve safety, as well as the improving healthcare infrastructure quality is further expected to widen the growth opportunities in the future.
Market Competition Assessment:
The biological safety testing market currently have comprises number of companies such as Thermo Fisher Scientific, Lonza Group, Sigma Aldrich Corporation, Charles River Laboratories International, Inc., and Wuxi Pharmatech, and others currently operating in the market.
ToC
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Biological Safety Testing Market Portraiture
2.2 Biological Safety Testing Market, by Product Type, 2016 (US$ Mn)
2.3 Biological Safety Testing Market, by Test Type, 2016 (US$ Mn)
2.4 Biological Safety Testing Market, by Application Type, 2016 (US$ Mn)
2.5 Biological Safety Testing Market, by Geography, 2016 (Value %)
Company Profiles
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
Ph: 1-800-361-8290

Comments

Popular posts from this blog

Electronic Access Control Market By End-Use - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

According to a new market research report published by Credence Research “Electronic Access Control Market (By System Component – Hardware: Electronic Locks, Readers, Access Cards, Control Panels, Access Control Servers; Access Control Management Software; Services: Implementation, Integration and Maintenance Services, and ACaaS) - Growth, Future Prospects, Competitive Analysis and Forecast 2016 - 2024”, the global electronic access control market stood at US$ 4,673.1 Mn in 2015 and is estimated to expand with a CAGR of 9.3% from 2016 to 2024. The complete report is available at http://www.credenceresearch.com/report/electronic-access-control-market Market Insights The electronic access control market has been majorly driven by increasing need to achieve enhanced physical and data security at various residential, commercial, industrial and government and defense facilities. With increasing vulnerabilities in data security and rising need to secure data centers, electronic access contro…

Global Wearable Medical Devices Market is Expected to Reach US$ 22,754.6 Mn by 2025: Credence Research

The latest market report published by Credence Research, Inc. “Wearable Medical Devices Market - Growth, Future Prospects, Competitive Analysis, 2017 - 2025,” the global wearable medical devices market was valued at US$ 4,400.7 Mn in 2016, and is expected to reach US$ 22,754.6 Mn by 2025 expanding at a CAGR of 17.09 % from 2017 to 2025. Browse the full report Wearable Medical Devices Market - Growth, Future Prospects, Competitive Analysis, 2017 – 2025 report athttp://www.credenceresearch.com/report/wearable-medical-devices-market Market Insights: According to the World Health Organization report, in 2012, non-communicable diseases were responsible for death of 38 million people, which is 68% of the world’s 56 million deaths. Approximately 16 million deaths were under 70 years of age, these premature deaths are preventable if there is rising public health awareness, inclination for physical activity and preference for more healthy diet. The technocommerical industry has addressed to thi…

Global Aerospace Composites Market Is Expected To Reach US$ 36.20 Bn By 2025: Credence Research

The latest market report published by Credence Research, Inc. “Aerospace Composites Market, By Fiber Type (Carbon Fiber, Glass Fiber, Aramid, and Others), By Application (Interior and Exterior Application), By Resin type (Epoxy, Phenolic, Polyester, Polyamide, and Thermoplastics) and By Region (North America, Europe, Asia Pacific, Latin America, & Middle East & Africa) - Growth, Future Prospects and Competitive Analysis, 2017 - 2025,” the global aerospace composites market was valued at US$ 18.5 Bn in 2016, and is expected to reach US$ 36.20 Bn by 2025, expanding at a CAGR of 8.5% from 2017 to 2025. Browse the full Aerospace Composites Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/aerospace-composites-market Market Insights Aerospace industry has now switched to composite from plastics due to their attractive mechanical and chemical properties. Aerospace composites finds its application in commercial &am…