openPR Logo
Press release

Biological Safety Testing Market – Latest Trends and Future Growth Study by 2024

03-04-2018 05:31 AM CET | Health & Medicine

Press release from: TMR

/ PR Agency: TMR
Biological Safety Testing Market – Latest Trends and Future

Global Biological Safety Testing Market: Snapshot

The global market for biological safety testing is set to exhibit exponential growth in the years to come owing to rise in the pharmaceutical and biotechnology industry. The other factors that will drive the market include increase in geriatric population, increase in prevalence of cancer, and increasing awareness towards health in emerging economies. The North America biological safety testing market is expected to grow moderately during the first half of the forecast period, primarily due to the effect of the expiry of patents for leading brands and price erosion in the market. However, by 2020, entry of technologically advanced and more cost effective devices and reagents are expected to enter biological safety testing market, which are likely to increase future growth of the market.

The global biological safety testing market will expand at a CAGR of 10.0% over the forecast period between 2016 and 2024. Driven by the rise in increase in technological advancement and rising geriatric population, the market is expected to reach US$ US$3.08 bn by the end of 2024, from US$1.31 bn in 2015.

Request a Sample of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18578

Launch of Advanced Technologies by Leading Companies to Fuel Demand from Reagents & Kits Segment

Based on product type, in 2015, the instruments segment held the dominant share of over 29.2% of the global biological safety testing market. This segment comprises biological safety cabinet (class I, class II, class III), autoclaves, laboratory centrifuges, and others. The segment is expected to witness a moderate growth during the forecast period when compared to the reagents & kits segment. The high growth of the kits segment is due to the increasing popularity and launch of more efficient technologies and newer instruments which are in pipeline by companies such as Charles River Laboratories International, Inc., Thermo Fisher Scientific and Merck KGaA.

The global biological safety testing market by application is divided into vaccines & therapeutics, blood & blood products, tissue & tissue products, stem cell products, gene therapy, and cellular therapy. Vaccines & therapeutics and blood & blood products are the major shareholder in biological safety testing market with an aggregated share of approximately 52.7% in 2015.

Based on test type, the global biological safety testing market is segmented into endotoxin tests, sterility tests, cell line authentication and characterization tests, bioburden tests, residual host contaminant detection tests, adventitious agent detection tests, and other tests (toxicity tests, stability tests, etc.). The endotoxin tests and sterility tests market have a dominant share in the market due to the increasing awareness and implication of stringent regulatory scenario.

 Request a Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18578

North America Emerges as Leading Market, followed by Europe

Regionally, the global biological safety testing market has been segmented into North America, Europe, Europe, Asia Pacific, Latin America, and Middle East & Africa.  Among these, North America accounted for major share of 42.2% in the global market in 2015, followed by Europe.  Asia Pacific is the fastest growing market but Latin America is expected to emerge as a lucrative region due to increasing awareness, increasing participation of global manufacturers in the region to increase their global foot print and increase in healthcare expenditure through government initiatives, the industry will enhance the demand for biological safety testing system in this region.

Others factors supporting the market’s growth are flourishing pharmaceutical and biotechnology companies in Mexico and Brazil, which are creating lucrative prospects for the biological safety testing market in the region. The MEA biological safety testing market is expected to grow under the influence of increasing applications of these technologies and enhanced participation of the respective governments to promote academic research to improve these technologies.

Some of the leading players in the biological safety testing market are Thermo Fisher Scientific Inc., Charles River Laboratories International, Inc., Merck KGaA, Lonza Group, Avance Biosciences, SGS SA, WuXi PharmaTech (Cayman) Inc., Toxikon, Inc., Nordic Scientific & Natural Solutions AB, Paragon Bioservices, Inc., and  NuAire among others.

Enquiry for discount on this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=18578

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.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 Biological Safety Testing Market – Latest Trends and Future Growth Study by 2024 here

News-ID: 963516 • Views:

More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,

All 5 Releases


More Releases for America

Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on