Biological Safety Testing Market Analysis, Size, Segmentation and Status 2020-2027
Market Summary
Rising incidences of chronic disorders is a major factor influencing market growth.
Biological Safety Testing Market Size – USD 2.80 billion in 2018, Market Growth - CAGR of 5.1%, Market Trends –Increase in disposable income coupled with rising concerns about healthcare
Market Summary Our Approach The Biological Safety Testing Market is expected to reach USD 6.99 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing predominance of lifestyle-associated chronic diseases such as diabetes and cancer that serves as an essential contributing factor towards improving drug development and their following commercialization which are expected to drive the market growth. This is supposed to increase the need to study and ensure the safety of targeted and specific therapies, circumvent probable shortcomings and evaluate their outcomes. As a result of high manufacturing effectiveness, pharmaceutical and biotechnology companies are including biological safety testing tools to offer highly effective and contamination-free biologics to provide to the large population experiencing from target diseases. Biologics are products manufactured from living organisms and has a unique set of features. Safety of biologics and specialized evaluation of the same is of the highest importance. Biological safety testing is essential for new products launching. Biological safety testing is performed to assure a safe quality and noncontamination of vaccines and biopharmaceuticals. Key participants include Charles River Laboratories International Inc., SGS SA, Lonza Group, SigmaAldrich Corporation, WuXiPharmaTech Inc., Avance Biosciences Inc., BSL Bioservice, Merck KGaA, Cytovance Biologics Inc., and Toxikon Corporation, among others. To Get Sample Copy of Report visit: https://www.reportsanddata.com/sample-enquiry-form/1412
Market Summary Our Approach Product Outlook (Revenue, USD Million; 2016-2026) • Reagents & kits • Instruments • Services Application Outlook (Revenue, USD Million; 2016-2026) • Vaccines & therapeutics • Stem cell • Tissue & tissue-based products • Gene therapy • Blood & blood-based therapy Test Type Outlook (Revenue, USD Million; 2016-2026) • Endotoxin tests • Bioburden tests • Adventitious agent detection tests • Residual host contamination detection tests Click here to avail the report at an unbelievable discount rate: https://www.reportsanddata.com/discount-enquiry-form/1412
Market Summary Our Approach Further key findings from the report suggest Due to increasing demand from biological safety testing laboratories, the instruments product segment accounts for a market share of 31.2% in 2018. Instruments are used to perform bioburden and toxicology tests among the other type of tests.
The increasing demand is due to the growing influence of regulatory bodies to implement safety guidelines by the biopharma companies. Reagents and kits product segment is estimated to reach USD 2.73 billion by 2026 at a CAGR of 12.1% during the forecast period. These reagents are attachments and matrix factors, freezing and dissociation reagents, antibiotics, biological buffers, and miscellaneous reagents. Growing advancements and modifications in the formulation of reagents and kits will encourage laboratory technicians in including these products, specifically in toxicology assessment. Read More @ https://www.reportsanddata.com/report-detail/biological-safety-testing-market
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