Title: Biologics Safety Testing Market to Grow at a CAGR of 12.2% to Reach $4.9 Billion by 2022
1Biologics Safety Testing Market Forecast to 2022
2Summary
- The biologics safety testing market was valued at
USD 2.75 billion in 2017 and expected to grow at
a CAGR of 12.2 to a USD 4.90 billion market by
2022.Growth in pharmaceutical and biotechnology
industry driven by governmentsupport, the
positive trend of RD investment in the life
science industry, andan increase in the number
of new drug launches are factors driving the
growth of this market. On the other hand, the
time-consuming approval process fornew drugs is
considered a restraint for the market. - Kits reagents segment is expected to register
the highest CAGR during the forecast period - The biologics safety testing market is classified
on the basis of product andservice into kits
reagents, services, and instruments. The kits
reagentssegment is expected to register highest
growth rate during the forecast period. This
growth can be attributed to the reoccurring
purchase of kits reagents,which is required
for running tests.
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4- Endotoxin tests segment is accounted for largest
share in the market - The biologics safety testing market is classified
by test type into endotoxin tests, sterility
tests, cell line authentification and
characterization tests, residual host
contamination detection tests, adventitious agent
detection tests, bioburdentests, and other
tests. The endotoxin tests segment is expected to
register thehighest growth rate during the
forecast period. This growth can be attributed to
the increase in the number of drug launches. - Increase initiative for immunization, increase
company investment in vaccines development drives
growth of the vaccines and therapeutics
developmentsegment - By application, the biologics safety testing
market is segmented into vaccine therapeutics
development blood and blood-related products
testing cellularand gene therapy tissue and
tissue-related products testing and stem
cellresearch.
5- The vaccine and therapeutics development segment
are expected to registerhighest CAGR during the
forecast period. The growth in this segment
primarily attributed to initiatives for
immunization and increased company investment in
the development of vaccines. - North America is account for the largest regional
segment in the market - Geographically, the biologics safety testing
market is dominated by NorthAmerica, followed by
Europe. The North American region is estimated
toaccount for the largest share of the market in
2017 and the trend is expected to continue during
the forecast period. - The primary interviews conducted for this report
can be categorized as follows - By Company Type - Tier 1 43, Tier 2 14 and
Tier 3 43 - By Designation C level 14, Director level
43, Others 43 - By Region North America - 29, Europe 14,
APAC 43, RoW 14
6- Key players operating in the biologics safety
testing market include - Lonza Group LTD. (Switzerland)
- Charles River Laboratories (U.S.)
- Merck KGaA (Germany), SGS SA (Switzerland)
- WuXi Apptec (China)
- Thermo Fisher Scientific Inc. (U.S.)
- Sartorius AG (Germany)
- Cytovance Biologics, Inc. (U.S.)
- Pace Analytical Services Inc. (U.S.)
- Toxikon Corporation (U.S.).
7Study Coverage
- The report analyses the biologics safety testing
market by product service, test type,
applications, and regions. - Apart from comprehensive geographic and product
service analysis andmarket sizing, the report
also provides the competitive landscape that
covers the growth strategies adopted by industry
players over the last three years. - In addition, the report profiles companies with
developments, and strategies adopted by key
players to maintain and increase their shares in
the market. - The market research data, market size, and
forecast of the future trends will help key
market players and new entrants to make the
necessary decisionsto be successful in the
market.
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Report 2016 - Food Safety Testing (By Contaminant, Pathogen,
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9Full Reports
Biologics Safety Testing Market Forecast to 2022
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