The global Biologics Safety Testing Service Market has experienced remarkable growth, reaching a valuation of USD 3,683.6 million in 2022. Projections suggest a substantial expansion, with an estimated market size of USD 7,743.3 million by 2029, driven by a robust Compound Annual Growth Rate (CAGR) of 11.2% during the review period. This assessment considers the impact of the COVID-19 pandemic and the Russia-Ukraine War on market dynamics.
Biologics safety testing involves a battery of assays designed to assess the potential biological risks associated with new biological products. This includes viral testing, microbial testing, cell and molecular testing, as well as analytic testing. Regulatory bodies such as the European Medicines Agency (EMA) and the US Food and Drug Administration (FDA) mandate stringent testing for biopharmaceutical products and vaccines to ensure their safety and freedom from contaminants.
This report offers a comprehensive analysis of the global Biologics Safety Testing Service market, providing quantitative and qualitative insights. It covers companies, regions, countries, types, and applications. Given the dynamic nature of the market, the report explores competition, supply and demand trends, and key factors driving changing demands across various sectors. The report also includes company profiles and product examples of selected competitors, along with market share estimates for key industry leaders in 2023.
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- Global Biologics Safety Testing Service market size and consumption value forecasts for 2018-2029.
- Regional and country-specific market size and consumption value forecasts for the same period.
- Analysis of market size and forecasts by Type and Application in terms of consumption value for 2018-2029.
- Market shares of major players in terms of revenue for 2018-2023.
Primary Objectives in This Report:
- Determine the total market opportunity size globally and in key countries.
- Assess the growth potential for Biologics Safety Testing Service.
- Forecast future growth in each product and end-use market.
- Evaluate competitive factors affecting the marketplace.
The Biologics Safety Testing Service market is segmented by Type and Application for the period 2018-2029. This segmentation provides precise calculations and forecasts for consumption value by Type and Application, allowing businesses to effectively target niche markets.
Market segment by Type:
- Raw Materials
- Viral Banks
- Cell Banks
Market segment by Application:
- Pharmaceutical and Biotechnology Companies
- CROs and CDMOs
- Academic and Research Institutions
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- Charles River Laboratories
- Eurofins Scientific
- Q2 Solutions
- Samsung Biologics
- WuXi Biologics
- Wuhan Canvest Biotechnology
- Centre Testing International (CTI)
- Suzhou Liangchen Biotechnology
- JADE Biomedical
- Standard Testing Group
- Sino Tech World Biologicals
- CAS Testing Technical Services
- Sino Biological
- Miracle Points
- Suzhou Cefety Bioscience
- Zhejiang Hengyu Biological
Regional Analysis Covers:
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
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