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Biological Safety Testing Market Forecast Report 2025: Revenue and Outlook by Industry Players

Author : Ronak Bora | Published Date : 2020-09-09 

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.

With growing drug discovery research activities for the treatment of wide range of serious disorders, the global biological safety testing market is projected to witness a lucrative rate of growth over the forecast timespan. Growing application of biological safety testing for microbe free and safe production of pharmaceutical as well as biologics is further anticipated to drive the biological safety testing market.

Furthermore, the market is likely to witness growth due to increasing risk of HAIs (healthcare associated infections) among patients across the globe. Contraction of infections that are blood-borne like pneumonia, after blood transfusion may lead to sickness or result into death.

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As a result, increasing application of blood-based products for cosmetic applications and surgeries coupled with the need for reducing the risk of HAIs is likely to aid biological safety testing market expand substantially over the projected timeline.

Growing number of pharmaceutical and biotechnology firms is also expected offer numerous opportunities for the expansion of market. On a global level, various companies are investing in research activities and new product development efforts.

Additionally, most of the companies are also investing in research organizations and contract development so as to maximize their abilities. Subsequently, growing inclination towards service providers of healthcare sector combined with increasing number of companies providing safety testing services would further boost the industry growth.

As per a research report by GMI, global biological safety testing market is estimated to surpass $4.5 billion by 2025.

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.

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.

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.

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.gminsights.com/toc/detail/biological-safety-testing-market

Partial Chapter of the Table of Content 

Chapter 3. Biological Safety Testing Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1. Rising focus on drug development

3.3.1.2.  High investment in clinical research

3.3.1.3. Growing number of laboratories and biopharmaceutical firms

3.3.1.4.  Stringent regulatory guidelines regarding safety of biologics

3.3.2.  Industry pitfalls & challenges

3.3.2.1.  Lack of trained professionals

3.3.2.2.  High cost of biological safety testing cabinets

3.4. Growth potential analysis

3.4.1.  By products and services

3.4.2.  By test

3.4.3.  By application

3.4.4.  By end-use

3.5. Regulatory landscape

3.6. Porter's analysis

3.7. Competitive landscape, 2018

3.7.1.  Strategy dashboard

3.8. PESTEL analysis

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)

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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 sport. [email protected] | https://twitter.com/RonakBora26

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