openPR Logo
Press release

Biological Safety Testing Products and Services Market Size Hits USD 12.88 Billion by 2032

08-21-2024 05:37 AM CET | Health & Medicine

Press release from: Value Market Research

Biological Safety Testing Products and Services Market Size

The global demand for biological safety testing products and services market size is projected to experience substantial growth, with the market size anticipated to reach approximately USD 12.88 billion by 2032, up from USD 5.01 billion in 2023. This growth, reflecting a robust compound annual growth rate (CAGR) of 11.06% during the forecast period from 2024 to 2032, is driven by the increasing emphasis on safety and compliance in the pharmaceutical, biotechnology, and medical device industries. The rise in the development of new biologics and biosimilars, coupled with stringent regulatory requirements, has heightened the need for comprehensive safety testing. As a result, demand for these products and services is expected to continue its upward trajectory, offering significant opportunities for stakeholders in the market.

Get more information on "Global Biological Safety Testing Products And Services Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/biological-safety-testing-products-and-services-market/download-sample

The major players in the Biological Safety Testing Products And Services market include Charles River Laboratories, BSL Bioservice, Merck KGaA (MilliporeSigma), Samsung Biologics, Sartorius AG, Eurofins Scientific, SGS Société Générale de Surveillance SA, Thermo Fisher Scientific Inc., Biomérieux, Lonza.

The biological safety testing products and services market is poised for dynamic growth, supported by technological advancements, stringent regulatory requirements, and the expanding biopharmaceutical industry. As the market evolves, stakeholders will need to focus on innovation, compliance, and strategic partnerships to capitalize on emerging opportunities and meet the growing demand for safe and effective biologics.

The global market for biological safety testing products and services is anticipated to witness significant growth from 2023 to 2032. This growth is driven by the increasing demand for biopharmaceutical products, stringent regulatory requirements for safety testing, and advancements in biotechnology. Biological safety testing is critical to ensuring the safety, purity, and efficacy of biologics, vaccines, and other therapeutic products.

Browse Global Biological Safety Testing Products And Services Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/biological-safety-testing-products-and-services-market

Market Segmentation:

By Product:

Reagents & Kits: These are essential for conducting various biological safety tests, including endotoxin tests, sterility tests, and cell line authentication. The demand for high-quality reagents and kits is increasing as they play a crucial role in ensuring the accuracy and reliability of testing results.
Services: Outsourcing biological safety testing services to specialized contract research organizations (CROs) is a growing trend, especially among biopharmaceutical companies. These services include comprehensive testing solutions from sample preparation to final analysis.
Instruments: The market for instruments used in biological safety testing, such as PCR machines, spectrometers, and cell counters, is expanding with the development of advanced technologies that improve testing efficiency and accuracy.

By Application:

Vaccines & Therapeutics: This segment includes vaccines, monoclonal antibodies, and recombinant proteins, all of which require rigorous safety testing to comply with regulatory standards. The increasing demand for vaccines, particularly in response to global health challenges, is a significant driver of this market segment.
Vaccines
Monoclonal Antibodies
Recombinant Protein

Blood & Blood-based Products: Blood products such as plasma and red blood cells require stringent safety testing to prevent contamination and ensure safe transfusions. This segment is driven by the growing demand for blood products in medical treatments.
Gene Therapy: Gene therapy products are subject to extensive safety testing due to their complex nature and the potential for unintended consequences. The rising number of gene therapy applications is boosting demand in this segment.

Tissue & Tissue-based Products: These products, including grafts and implants, must undergo rigorous testing to ensure they are free from contamination and safe for use in patients.
Stem Cell: Stem cell therapies hold significant potential for treating various conditions, but their safety must be rigorously tested to avoid adverse effects.

By Test Type:

Endotoxin Tests: These tests are crucial for detecting bacterial endotoxins that can cause severe reactions in patients. The demand for endotoxin testing is rising in response to the increasing production of biologics.
Sterility Tests: Sterility testing ensures that products are free from viable contaminating microorganisms. This is a mandatory requirement for all biologics, driving demand for sterility tests.
Cell Line Authentication & Characterization Tests: These tests verify the identity and purity of cell lines used in biologics production, preventing cross-contamination and ensuring product consistency.
Bioburden Tests: Bioburden testing measures the number of viable microorganisms on a product, helping to ensure its safety before release to the market.
Adventitious Agent Detection Tests: These tests are used to detect unintended viral or microbial contaminants in biological products.
Residual Host Contamination Detection Tests: These tests are critical for identifying residual DNA or proteins from the host cells used in biologic production, which could pose safety risks.
Others: This category includes additional safety tests such as mycoplasma testing and viral clearance testing, which are essential for ensuring the safety of biologics.

By Regions:

The market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America and Europe are leading regions due to their advanced biopharmaceutical industries and stringent regulatory frameworks. Asia-Pacific is emerging as a lucrative market due to increasing biopharmaceutical production, supportive government policies, and growing healthcare infrastructure.

Industry Trends and Growth Drivers
Increasing Demand for Biologics: The growing prevalence of chronic diseases and the increasing need for personalized medicine are driving demand for biologics, which in turn fuels the need for biological safety testing.

Regulatory Stringency: Governments and regulatory bodies worldwide are enforcing stricter safety guidelines for the development and approval of biologics, leading to an increased emphasis on comprehensive safety testing.

Advancements in Biotechnology: Technological advancements in biotechnology, such as the development of novel testing methods and automated instruments, are enhancing the efficiency and accuracy of biological safety testing.

Growth in Outsourcing: The trend of outsourcing biological safety testing to specialized CROs is growing, especially among small and medium-sized biopharmaceutical companies that seek cost-effective and expert solutions.

Purchase Complete Global Biological Safety Testing Products And Services Market Research Report at https://www.valuemarketresearch.com/contact/biological-safety-testing-products-and-services-market/buy-now

Future Outlook and Growth Projections:

The global biological safety testing products and services market is expected to grow significantly over the forecast period, driven by increasing biopharmaceutical production, advancements in testing technologies, and rising investments in healthcare infrastructure. The market's expansion will likely be bolstered by ongoing research and development in biotechnology, as well as the growing need for innovative therapeutics to address emerging health challenges.

See More Related Reports:

Global Pharmaceutical Testing and Analytical Services Market Report
https://www.valuemarketresearch.com/report/pharmaceutical-testing-and-analytical-services-market

Global Drugs of Abuse Testing Market Report
https://www.valuemarketresearch.com/report/drugs-of-abuse-testing-market

Contact:

Value Market Research
UG-203, Gera Imperium Rise,
Wipro Circle Metro Station, Hinjawadi, Pune - 411057
Maharashtra, INDIA.
Tel: +1-888-294-1147
Email: sales@valuemarketresearch.com
Website: https://www.valuemarketresearch.com

About Us:
Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.
We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biological Safety Testing Products and Services Market Size Hits USD 12.88 Billion by 2032 here

News-ID: 3628823 • Views:

More Releases from Value Market Research

Organic Baby Food Market Size Set to Reach $10.37 Billion by 2032
Organic Baby Food Market Size Set to Reach $10.37 Billion by 2032
The global demand for the organic baby food market size is projected to surge significantly, with expectations of reaching a market size of approximately USD 10.37 billion by 2032, up from USD 4.73 billion in 2023. This growth represents a robust compound annual growth rate (CAGR) of 9.12% during the study period from 2024 to 2032. Factors driving this demand include increasing health consciousness among parents, a rising preference for
Capsule Hotel Market Size Expected to Reach USD 5.38 Billion by 2032
Capsule Hotel Market Size Expected to Reach USD 5.38 Billion by 2032
The global Capsule Hotel Market Size is projected to experience significant growth, with an anticipated market size of approximately USD 5,384.51 million by 2032, up from USD 2,170.92 million in 2023. This growth represents a robust compound annual growth rate (CAGR) of 10.62% over the study period from 2024 to 2032. This surge in demand can be attributed to the increasing popularity of budget-friendly and space-efficient accommodation options among travelers,
Terpenes Market Size Hits USD 518.84 Million in 2023, Projected to Grow at 5.47% CAGR by 2032
Terpenes Market Size Hits USD 518.84 Million in 2023, Projected to Grow at 5.47% …
The global terpenes market size was valued at USD 518.84 million in 2023 and is poised for significant growth over the next decade. Driven by increasing demand across various industries such as pharmaceuticals, cosmetics, and food and beverages, the market is projected to expand at a compound annual growth rate (CAGR) of 5.47% between 2024 and 2032. In terms of volume, the global terpenes market accounted for 108,036.67 tons in
Optical Coating Market Size Hits USD 50.81 Billion by 2032, Driven by 10.2% CAGR
Optical Coating Market Size Hits USD 50.81 Billion by 2032, Driven by 10.2% CAGR
The global demand for the optical coating market size is projected to experience significant growth, with the market size expected to reach nearly USD 50.81 billion by 2032, up from USD 21.2 billion in 2023. This represents a compound annual growth rate (CAGR) of 10.2% over the forecast period from 2024 to 2032. Optical coatings, which enhance the transmission, reflection, and absorption properties of optical components, are becoming increasingly important

All 5 Releases


More Releases for Test

Vitamin Test Market: Global Vitamin Test Analysis and Forecast (2023-2029)Vitami …
12.04.2024: Vitamin Test Market Overview The development of companion diagnostic tools and advances in personalised treatment are driving considerable growth and revolution in the oncology Vitamin Test market. In the era of precision medicine, where healthcare is increasingly customised for individual individuals based on their own genetic and molecular profiles, this market segment is essential. Ongoing innovation and development define the oncology Vitamin Test market. To find particular biomarkers, genetic mutations,
CAGR 8.1% Homecare Pregnancy Test Kits Market By Type of Test (Urine Test For H …
The Homecare Pregnancy Test Kits market report by Reports and Data provides an extensive overview of the vital elements of the Homecare Pregnancy Test Kits market and factors such as the drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others. Further, it mentions the market shares associated with the market in terms of both value and volume along with the segmentation. Space-age industrial and digitalization tools are
Home Safety Test Kits Market, Home Safety Test Kits Market Trends, Home Safety T …
“Home Safety Test Kits Market” 2020-2025 Research Report is a professional and in-depth study on the current state of the market. Global Home Safety Test Kits market containing a complete view of the market size, business share, profit estimates, SWOT analysis and the regional landscape of the Industry. The report explains key challenges and future development prospects of the market. The Global Home Safety Test Kits analysis is provided for
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption
Hearing Screening and Diagnostic Devices Market Demands with Major Tests: pure T …
New Market Research Reports Title "Hearing Screening And Diagnostic Devices Market 2018" Has Been Added to Crystal Market Research Report database. Hearing Screening and Diagnostic Devices - Competitive Insights: The leading players in the market are Gn Otometrics A/S, Otodynamics, Nashua Hearing Group, Siemens Healthineers, Natus Medical Incorporated, Interacoustics A/S, Neurosoft S.A, Accent Hearing Pty Ltd, MAICO Diagnostics GmbH and IntriCon Corporation. The major players in the market are profiled in detail
Global Low Temperature Test Equipment Market Outlook 2017 : Ektron Tek, IEC Test …
Global Low Temperature Test Equipment Market 2017-2022 A market study ” Global Low Temperature Test Equipment Market ” examines the performance of the Low Temperature Test Equipment market 2017. It encloses an in-depth Research of the Low Temperature Test Equipment market state and the competitive landscape globally. This report analyzes the potential of Low Temperature Test Equipment market in the present and the future prospects from various angles in detail. The Global