Press release
Global Biologics Safety Testing Market Growing at a CAGR Growth of 8.8% throughout 2017-2022
Biotechnological companies and pharmaceutical manufacturers continue to give high regards for biologics safety testing products and services. The efficacy of biologics safety testing ensures that tested medicine and drugs are not containing any extra ingredient, thereby preventing patients from experiencing adverse reactions upon intake. A recently published report by Persistence Market Research projects that the global market for biologics safety testing will soar at a robust CAGR of 8.8% over the forecast period, 2017-2022. The report anticipates that approx. US$ 4.36 Bn worth of biologics safety testing products & services will be utilized globally by the end of 2022.
Request to view table of content @ https://www.persistencemarketresearch.com/toc/18592
Regional prospects
According to the report, North America will remain at the forefront of global expansion of biologics safety testing market. Throughout the forecast period, North America is anticipated to remain the largest market for biologics safety testing products & services. Key drug regulatory bodies such as the FDA are based in North America. Moreover, the overall healthcare infrastructure in the US and Canada is robust, and exhibits a high uptake for new and improved safety tests on biologics.
The biologics safety testing market in Europe is also expected to witness impressive growth. Global leaders in biopharmaceutical production are expanding their presence in European countries such as Germany and the UK. Moreover, the European region continues to showcase a scientifically- and technologically-advanced healthcare marketplace for biologics safety testing.
Likewise, Japan’s biologics safety testing market is also anticipated to incur rapid growth at a CAGR of 9.3%. Meanwhile the Asia-Pacific excluding Japan (APEJ) region is anticipated to witness stellar growth, particularly with respect to manufacturing of biologics safety testing products. Low wages and favorable industrial regulations are expected to bolster the manufacturing of biologics safety testing products in the APEJ region. Between 2017 and 2022, the APEJ biologics safety testing market is estimated to create over US$ 270 Mn in absolute dollar opportunity.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/18592
Key insights on the future of global biologics safety testing market
The report also projects that,
In 2017, endotoxin tests will account for nearly one-third share on global revenues
The demand for adventitious agent detection tests will incur a relatively sluggish growth towards the latter half of the forecast period
While kits and reagents will remain top-selling products, the global market for biologics safety testing will register higher traction for services, revenues from which are slated to grow at a CAGR of 9%
Vaccine and therapeutics development, the largest application for biologics safety testing, will be bringing in revenues worth over US$ 1.68 Bn by the end of 2022
Key Players
Wuxi Apptec, Lonza Group Ltd., Toxikon Corporation, BioMerieux SA, Pace Analytical Services Inc., Thermo Fisher Scientific Inc., Genscript Biotech Corp., Eurofins Scientific Se, SGS S.A., Sigma-Aldrich Corporation (Merck KGaA), and Charles River Laboratories International, Inc. are profiled as key players in the global market for biologics safety testing. These companies are anticipated to remain active in the expansion of global biologics safety testing market through 2022.
Buy Biologics Safety Testing Market Report@ https://www.persistencemarketresearch.com/checkout/18592
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web:www.persistencemarketresearch.com
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 Global Biologics Safety Testing Market Growing at a CAGR Growth of 8.8% throughout 2017-2022 here
News-ID: 805337 • Views: …
More Releases from Persistence Market Research
Sublimation Printing Equipment Market Expected to Reach US$ 4.1 Bn by 2032, Pers …
The global sublimation printing equipment market has emerged as a critical segment within the broader digital printing industry, driven by its ability to deliver high-quality, durable, and vibrant prints across a wide range of substrates. Sublimation printing is a digital printing process where heat transfers dye directly into materials such as polyester fabrics, coated metals, ceramics, and polymers, resulting in long-lasting images that do not peel, or fade. This technology…
Road Sweeping Machine Market Expected to Reach US$ 2.9 Bn by 2033, Persistence M …
The global road sweeping machine market plays a vital role in modern urban infrastructure by enabling efficient removal of dust, debris, and waste from roads, highways, industrial areas, and public spaces. Road sweeping machines are widely used by municipal authorities, contractors, airports, ports, and industrial facilities to maintain cleanliness, improve air quality, and comply with environmental regulations. With increasing urban density and vehicular traffic, manual sweeping methods have become inefficient,…
Commercial Kitchen Ventilation System Market to Reach US$ 7.1 Bn by 2033, Persis …
The global commercial kitchen ventilation system market is evolving rapidly as foodservice operators, institutional kitchens, and hospitality providers place growing emphasis on indoor air quality, safety compliance, and energy efficiency. Commercial kitchen ventilation systems are designed to remove heat, smoke, grease-laden vapors, and airborne contaminants generated during cooking operations, thereby ensuring a safe and comfortable working environment while meeting regulatory standards. As commercial kitchens become more technologically advanced and operationally…
Luxury Packaging Market Is Projected to Reach US$24.9 Billion by 2032 - Persiste …
The luxury packaging market represents a premium segment of the global packaging industry, designed to enhance product value, brand perception, and customer experience. Luxury packaging goes beyond basic protection by combining aesthetics, innovation, and storytelling to create an emotional connection with consumers. It is widely used across cosmetics, fragrances, premium beverages, confectionery, fashion accessories, watches, jewelry, and high end personal care products. As brand differentiation becomes increasingly important in competitive…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
