Biological Safety Testing Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2025
Category: #business  By Ronak Bora  Date: 2021-03-25
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Biological Safety Testing Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2025

Biological Safety Testing Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

A substantial rise in the risk of healthcare associated infections (HAIs) around the world is fueling global biological safety testing market size. Increasing number of pharmaceutical and biotechnology companies, particularly in developing regions, will boost the demand and availability of biological safety testing services. Many of these companies are constantly investing in research and new product development. These firms are also spending heavily on drug discovery research activities for the treatment of numerous severe health conditions. Drug manufacturers are increasingly implementing biological safety testing equipment for safe and microbe-free production of pharmaceutical products.

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GMI, predicts that global biological safety testing market size will hit US$4.5 billion by 2025.

•           Endotoxin tests in biopharmaceutical manufacturing

Endotoxin testing is prominently used in the manufacturing of biopharmaceuticals to determine the presence of total microbial burden and pyrogen. Endotoxin tests market accounted for more than 23% revenue share of biological safety testing market in 2018 and will witness a significant demand in the future. These tests are specifically used to confirm the presence of bacterial or microbial contamination in biologics and pharmaceutical products for validating its safety and efficacy for human consumption.

A strict regulatory scenario pertaining to the production of biotechnology and pharmaceutical products, mainly in developed economies, is anticipated to boost the adoption of endotoxin tests. In addition, biotech firms are focusing on the development of advanced biological safety testing solutions which should foster the overall business growth.

•           Rapid adoption of biological safety testing services

Biotechnology firms and pharmaceutical companies are constantly exploring ways to reduce the cost burden. Numerous biological safety testing service providers including BioOutsource, Charles River, and Eurofins Scientific offer a wide range of test types. These test types can be customized to meet specific requirements based on different biopharmaceutical products.

Biological safety testing services industry will witness a CAGR of over 12.4% through 2025. Prominent service providers are spending on setting up facilities for business expansion. Rapid expansion of the global pharmaceutical sector will undeniably accelerate the adoption of biological safety testing solutions in the forthcoming years.

•           Growing demand in stem cell applications

The global prevalence of several diseases including arthritis, autoimmune diseases, as well as congenital disorders is growing rapidly. Based on the applications, stem cells segment is estimated to grow at a steady pace over the projected timeframe.

Stem cells and cell banks may have undesired burden of microbial agents such as bacteria, protozoa, and different viruses. These stem cell banks need to be free from contamination to avoid the spread of fatal infections. With the increasing utilization of stem cells in regenerative medicine, biological safety training kits will experience surging consumption.

•           High healthcare infrastructure investment in Canada

From a geographical point of view, Canada biological safety testing industry size was estimated to be worth more than US$81 million in 2018 and will foresee substantial growth through 2025. This growth can be mainly attributed to growing implementation of technologically advanced products. Also, investment in the development of reliable healthcare infrastructure is supporting the regional growth.

The country is also increasingly spending on pharmaceutical and vaccines sector. The introduction of favorable government initiatives and policies for the implementation of biological safety testing equipment along with the expansion of biopharmaceutical manufacturing facilities will complement the regional expansion. 

Browse full table of contents (TOC) of this report @  https://www.decresearch.com/toc/detail/biological-safety-testing-market

Partial Chapter of the Table of Content 

Chapter 4. Biological Safety Testing Market, By Products and Services

4.1. Key segment trends

4.2. Products

4.2.1.  Market size, by region, 2014 – 2025 (USD Million)

4.2.1.1.  Kits and reagents

4.2.1.1.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.1.2.  Instruments

4.2.1.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Services

4.3.1.  Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. Biological Safety Testing Market, By Test

5.1. Key segment trends

5.2. Endotoxin test

5.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.3. Sterility test

5.3.1.  Market size, by region, 2014 – 2025 (USD Million)

5.4. Adventitious agent detection test

5.4.1.  Market size, by region, 2014 – 2025 (USD Million)

5.5. Others

5.5.1.  Market size, by region, 2014 – 2025 (USD Million)

 

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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