Press release
Rapid Growth Expected in Biologics Testing Market: Key Drivers, Emerging Trends, and Prominent Players
"Globally, the Biologics Testing Market is projected to record impressive growth, driven by stringent regulations, technological advancements, and market expansion.
What Is The Projected Market Size Of The Global Biologics Testing Market And Its Growth Rate?
The biologics testing market has displayed dynamic growth, and future projections are optimistic. Key statistical insights include:
- Market growth from $5.92 billion in 2024 to $6.85 billion in 2025, with a compound annual growth rate (CAGR) of 15.7%.
- Rapid growth anticipated in the coming years, with the market expected to rise to $12.91 billion in 2029, at a CAGR of 17.2%.
What Is Driving The Growth In The Biologics Testing Market?
The growth trajectory of the biologics testing market is largely steered by the rapidly expanding pharmaceutical and biotechnology sectors. These sectors contribute extensively to the development of biologics, thus necessitating advanced biologics testing for effective identification and quantification of impurities, stability assessment, and immune responses. Consequently, novel analytical tools and techniques have emerged, reducing time and cost to market. A clear illustration of market growth is the increased pharmaceutical production in the EU, which rose from €36 billion in 2021 to €44 billion in 2023. Therefore, the expanding pharmaceutical and biotechnology sectors are propelling the biologics testing market growth.
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What Are the Key Players Driving Biologics Testing Market Growth?
Key players in the biologics testing market comprise:
- Charles River Laboratories Inc.
- Thermo Fisher Scientific Inc.
- Merck KGaA
- SGS Société Générale de Surveillance SA
- WuXi AppTec Co. Ltd.
- Sartorius AG
- Cytovance Biologics Inc.
- Pace Analytical Services Inc.
- Avance Biosciences Inc
- Celgene Corporation, Biomerieux SA
- Lonza Group Ltd.
- Genscript Biotech Corp.
- Bio-Rad Laboratories Inc.
- Accugen Laboratories Inc.
- Gibraltar Laboratories Inc.
What Are The Key Trends In The Biologics Testing Market?
Notable trends in the biologics testing market include:
- Emergence of advanced therapies.
- Increased demand for contract testing services.
- Expansion of biologics pipelines.
- Globalization of biopharmaceutical manufacturing.
- Rising demand for rapid testing solutions.
- Advanced analytical technologies.
- Cell-based assays.
- Next-generation sequencing (NGS).
- Quality by design (QBD) principles.
- Integration of artificial intelligence (AI).
- Rapid methods for product release.
What Are The Segments Of The Global Biologics Testing Market?
The biologics testing market is categorized based on:
- Product: Reagents And Kits, Instruments, Other Products.
- Test Type: Endotoxin Test, Sterility Test, Mycoplasma Tests, Bioburden Tests, Residual Host-Cell Proteins And DNA Detection Tests, Virus Safety Test, Other Test Types.
- Application: Vaccine Development And Manufacturing, Monoclonal Antibodies Development And Manufacturing, Cellular And Gene Therapy Products Development And Manufacturing, Blood And Blood Products Development And Manufacturing, Other Applications.
Which Region Leads The Biologics Testing Market?
North America dominated the biologics testing market in 2024; however, the Asia-Pacific is expected to witness the fastest growth during the forecast period. Other regions considered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Biologics Testing Market Global Market Report?
- Market Size Analysis: Analyze the Biologics Testing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biologics Testing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biologics Testing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biologics Testing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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