Biologics Safety Testing Market To Witness An Exuberance At The Rate Of 8.8% From 2022

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Biologics Safety Testing Market
Report Id PMRREP18592 Category Life Science
Healthcare
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Biologics Safety Testing Market To Witness An
Exuberance At The Rate Of 8.8 From 2022

• Quality control measures for drug development are
  of utmost importance as inadvertent presence of
  unknown pharmaceutical ingredients can further
  complicate health conditions of the patients.
  Government authorities are closely watching over
  pharmaceutical companies and regulating their
  drug manufacturing processes by compelling them
  to undertake safety tests. Large and complex
  molecules such as biologics, which are produced
  from genes of living organisms through advanced
  DNA technologies, are also being tested for their
  safety in biopharmaceutical production.
• 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.

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18592
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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

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