Global Biologics Safety Testing Market
The global Biologics Safety Testing Market was valued at USD 2.18 billion in 2016 and is projected to reach USD 6.10 billion by 2025, growing at a CAGR of 12.13% from 2017 to 2025.
Stability or Safety Testing can be used to demonstrate short and long term stability of a drug substance/product after exposure to a variety of environmental factors including temperature, humidity and light.
It can be used to determine the genetic disorders, health conditions, Testing of Vaccines before public launch.
1. Market Drivers
1.1 Increasing investments in Biotechnology and pharmaceutical companies
1.2 Positive developments in R&D sector
1.3 Growing Drug Discoveries
1.4 Prevalence of chronic diseases
2. Market Restraints
2.1 Dearth of IT Professionals
1. Global Biologics Safety Testing Market, by Test Type:
1.1 Endotoxin Tests
1.2 Sterility Tests
1.3 Cell Line Authentication and Characterization Tests
1.4 Bioburden Tests
1.5 Residual Host Contaminant Detection Tests
1.6 Adventitious Agent Detection Tests
1.7 Other Tests
2. Global Biologics Safety Testing Market, by Products and Services:
2.1 Kits & Reagents
3. Global Biologics Safety Testing Market, by Application:
3.1 Vaccine & Therapeutics Development
3.2 Blood and Blood-Related Products Testing
3.3 Cellular and Gene Therapy
3.4 Tissue and Tissue-Related Products Testing
3.5 Stem Cell Research
4. Global Biologics Safety Testing Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Charles River Laboratories International, Inc.
2. Merck KGaA
3. Lonza Group Ltd.
4. SGS S.A.
5. Thermo Fisher Scientific Inc.
6. Wuxi Apptec
7. Sartorius AG
8. Cytovance Biologics, Inc.
9. Pace Analytical Services Inc.
10. Toxikon Corporation
11. Eurofins Scientific Se
12. Avance Biosciences Inc.
13. Source Bioscience
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Biologics Safety Testing Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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