Dublin, Aug. 15, 2023 (GLOBE NEWSWIRE) -- The "Biomanufacturing Viral Detection and Quantification Market - A Global and Regional Analysis: Focus on Offering Type, Technology, Application, End User, and Region - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
The global biomanufacturing viral detection and quantification market, valued at $0.474 billion in 2022, is projected to witness substantial growth, reaching $1.15 billion by 2032 at a CAGR of 9.37% during the forecast period 2023-2032. The market is expected to be driven by the increasing utilization of biopharmaceutical products and technological advancements in the viral testing industry.
Market Segmentation
- Offering Type: Consumables, Instruments, Services
- The consumables segment dominated the market in 2022, fueled by the growing adoption of kits, assays, and accessories for viral testing during biomanufacturing processes.
- Technology: PCR, ELISA, Flow Cytometry, Plaque Assay, Others
- PCR, a widely-used molecular biology technique, held the major share in 2022 due to its effectiveness in identifying and measuring viral nucleic acids during biopharmaceutical production.
- Application: Blood and Blood Products Manufacturing, Vaccines and Therapeutics Manufacturing, Cellular and Gene Therapy Products Manufacturing, Stem Cell Products Manufacturing, Tissue and Tissue Products Manufacturing
- The blood and blood products manufacturing segment led the market in 2022, as viral testing is crucial in verifying the safety and quality of these biomanufactured products.
- End User: Life Science Companies, Testing Laboratories, CROs and CDMOs
- The life science companies segment accounted for the largest share in 2022, emphasizing the importance of viral detection and quantification in medication development, production, and evaluation.
- Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
- North America held the largest share (38.72%) in 2022, owing to the presence of key players and increased funding. Asia-Pacific is expected to grow at the highest CAGR of 10.47% during 2023-2032, driven by continuous R&D and a supportive regulatory landscape.
Market Dynamics
- Demand Drivers: Rising utilization of biopharmaceuticals and technological advancements in viral detection and quantification.
- Market Restraints: High cost of advanced viral detection equipment and lack of trained professionals in viral detection and quantification.
- Market Opportunities: Increasing need for viral contamination considerations in the development of cell and gene therapies.
Key Market Players and Competition Synopsis
- Danaher Corporation
- Merck KGaA
- New England Biolabs
- TAKARA HOLDINGS INC.
- Thermo Fisher Scientific Inc.
- Agilent Technologies, Inc.
- Sartorius AG
- Charles River Laboratories
- Bio-Rad Laboratories, Inc.
- PerkinElmer, Inc.
- Promega Corporation
- QIAGEN N.V.
- Genscript Biotech Corporation
- Norgen Biotek Corp.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 273 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $0.51 Billion |
| Forecasted Market Value (USD) by 2032 | $1.15 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/awiguq
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