Biologics Safety Testing Market Analysis Overview:
In a recent research report by MarketsandMarkets, the Biologics Safety Testing Market is expected to surpass USD 6.2 Billion by the year 2026, from USD 3.4 Billion in 2021, at a CAGR of 12.4% from 2021 to 2026.
Complex molecules produced from genes of living organisms by using advanced DNA technologies are combined identified termed as biologics. Biologics are advanced drugs used in the treatment of cancer, cardiovascular, rheumatoid arthritis, and other diseases.
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Top Key Players of the Biologics Safety Testing Market:
Prominent players in the biologics safety testing market are Charles River Laboratories, Inc. (US), Lonza (Switzerland), Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), SGS SA (Switzerland), WuXi AppTec (China), and Eurofins Scientific (Luxembourg).
Charles River is one of the key players in the biologics safety testing market, it is a service and early-stage contract research organization (CRO). The company develops a diverse portfolio of discovery and safety assessment services and provides a suite of products and services to support its clients’ manufacturing activities.
Biologics Safety Testing Market, by Application
- Vaccine Manufacturing
- Monoclonal Antibodies Manufacturing
- Cellular & Gene Therapy Products Manufacturing
- Blood and Blood Products Manufacturing
- Other Application
Regional Analysis:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
Biologics Safety Testing Market, by Test Type
- Endotoxin Test
- Sterility Test
- Mycoplasma Tests
- Bioburden Tests
- Residual Host-cell Proteins & DNA Detection Tests
- Virus safety Test
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The Asia Pacific region is the fastest growing region of the Biologics safety testing market
The Asia Pacific market is projected to witness the highest growth rate during the forecast period, primarily due to the expansion of key market players in emerging Asia Pacific countries, increasing expenditure on life science research, and the increasing trend of pharmaceutical outsourcing to Asia Pacific countries.
The study is consolidated into major segments and further into sub-segments, Biologics Safety Testing Market by Product & Service (Consumables, Instrument, Services), Application (Vaccine, Monoclonal Antibodies, Blood products, Cell & Gene Therapy Products), Test Type (Endotoxin, Myoplasm, Sterility Test) - Global Forecast to 2026
The Research Provides Answers to the Following Key Questions:
- Where can business owners locate more potential customers during the forecast period, 2021 – 2026?
- How are the major vendors operating in the Biologics Safety Testing market planning to reach a potential audience in the emerging economies? Why are sales soaring in certain parts, but dismal in other regions of the world?
- How much are the customers willing to pay for the products and services?
- How much is the dimension of the Biologics Safety Testing market catered by the major vendors?
- How often will the customers buy a product or service during the forecast period, 2021 – 2026?
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