Global Safety Testing For Biological Market By Regions and Vendors - Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares 2014 - 2020

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Pharmaceutical / Bio technology industry is more concerned over safety of the product, be it in terms of efficacy of the drug, packaging of the product, delivering the product to the customer and others. In all these cases, it is very much important to ensure that the product is safe for the usage. As such, testing place a key role in ensuring the safety of the product.

Supply – Demand Scenario:

The global Safety testing for Biologics market was worth $1.76 billion in 2014 and is projected to reach $3.51 billion in 2020, at a compound annual growth rate of 12.23%.

Growth by Region:

North America leads the global Biological Safety packaging market with a share of 37.5% in 2014 followed by Europe with 31% of the market share during the same period. On the other hand, Kits and reagents has a market share of 43% while Instruments has a market share of 20%, based on product type. In emerging countries like India, the government is focusing on increasing the growth of biotechnology industry by investing $5 billion every year for the next 5 years starting from 2015.

Drivers vs. Constraints:

The growth in the end use industries (Pharmaceutical, Biotechnology) are driving this market, Added to this, factors like new innovations in the Biotechnology industry , new drug developments, increased focus on R&D are increasing the growth of safety testing market. Also, government regulations on the quality of the product is also driving the market.

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Executive Summary

MARKET OVERVIEW

Overview
Industry Value Chain Analysis
Industry Attractiveness - Porter's 5 Force Analysis
Bargaining Power of Suppliers
Bargaining Power of Consumers
Threat from new entrants
Threat from subsititute products
Competitive rivalry within the industry
Industry Policies

MARKET DYNAMICS
Introduction
Drivers

Increase in growth rates of Biotechnology and Pharmaceutical industry
Restraints
In-house Quality testing
Opportunities
Biotechnology industry

Safety testing - Biological Market Segmentation, Forecasts and Trends - by Revenue

By Application
Blood related products
Cellular products
Tissue products
Vaccines
Others

By Product
Kits and Reagents
Instruments
Services

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