Dublin, Feb. 22, 2023 (GLOBE NEWSWIRE) -- The " Global Biologics Safety Testing Market by Product & Service (Instruments, Consumables, Services), Application (mAbs, Vaccine, Cell & Gene Therapy), Test Type (Sterility Test, Endotoxin, Mycoplasma, Bioburden), End User (Biopharma, CDMO) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global biologics safety testing market is projected to reach USD 6.8 billion by 2027 from USD 3.6 billion in 2022, at a CAGR of 13.3% during the forecast period. The growth of the global biologics safety testing market is driven by factors such as the strict regulatory scenario implemented for quality control testing for biopharmaceutical production, the increase in the number of approved biologics products worldwide, growing use of biologics safety testing reagents and kits for cell culture contamination detection, and increases in R&D spending and government support will significantly boost biologics testing activities.
By product & service segment, the service segment accounted for the largest share of the Biologics Safety Testing market
Based on product and service, the biologics safety testing market is segmented into consumables, services, and instruments. In 2021, the services segment accounted for the largest market share. The large share of this segment can be attributed to large biopharmaceutical companies routinely outsourcing numerous tasks, such as process and product validation, process monitoring and quality control, toxicology, and other preclinical studies.
By application, the monoclonal antibodies development and manufacturing segment accounted for the largest market share of the Biologics safety testing market
Based on application, the biologics safety testing market is segmented into monoclonal antibodies development and manufacturing, vaccines development and manufacturing, blood and blood products development and manufacturing, cellular and gene therapy products development and manufacturing, and other applications. In 2021, the monoclonal antibodies development and manufacturing segment accounted for the largest market share. The large share of this segment can be attributed to the growing number of regulatory approvals.
Asia Pacific: The fastest-growing region in the biologics safety testing market.
The biologics safety testing market in the Asia Pacific region is projected to register the highest growth during the forecast period. Factors such as growth in the outsourcing industry in the Asia Pacific region, vastly expanding R&D funding by biopharmaceutical companies and government, minimized outsourcing costs, and rising patient population resulting in growing manufacturing of biologics are expected to drive market growth.
North America accounted for the largest share of the Biologics safety testing market in 2021
North America accounted for the largest share of the biologics safety testing market in 2021. Rapid growth in the biopharmaceutical industry is the major factor driving the growth of the North American biologics safety testing market. The high number of pre-registration and other-phase drugs in the pipeline by pharmaceutical companies and biotechnology/gene therapy/genomics companies and the presence of major market players in this region are also driving the market for biologics safety testing in North America.
Market Dynamics
Drivers
- Growing Development of Biosimilars and Biologics
- Growing Concerns Over Cell Culture Contamination
- Rising Investments in Biopharmaceutical R&D
Restraints
- Shortage of Skilled Professionals
Opportunities
- Emerging Markets
- Increasing Outsourcing of Biopharmaceutical Activities to Cros
Challenges
- High Cost of Biologics
| Report Attribute | Details |
| No. of Pages | 242 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $3.6 Billion |
| Forecasted Market Value (USD) by 2027 | $6.8 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Biologics Safety Testing Market, by Product & Service
6.1 Introduction
6.2 Services
6.3 Consumables
6.4 Instruments
7 Biologics Safety Testing Market, by Test Type
7.1 Introduction
7.2 Residual Host-Cell Proteins and DNA Detection Tests
7.3 Mycoplasma Tests
7.4 Sterility Tests
7.5 Endotoxin Tests
7.6 Virus Safety Tests
7.7 Bioburden Tests
7.8 Other Biologics Safety Tests
8 Biologics Safety Testing Market, by Application
8.1 Introduction
8.2 Monoclonal Antibodies Development and Manufacturing
8.3 Vaccine Development and Manufacturing
8.4 Cellular & Gene Therapy Product Development and Manufacturing
8.5 Blood & Blood Product Development and Manufacturing
8.6 Other Applications
9 Biologics Safety Testing Market, by End-user
9.1 Introduction
9.2 Pharmaceutical & Biopharmaceutical Companies
9.3 Contract Research Organizations and Contract Development & Manufacturing Organizations (Cros and Cdmos)
9.4 Academic & Research Institutes
10 Biologics Safety Testing Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
Companies Mentioned
- Accugen Laboratories, Inc.
- Agilent Technologies, Inc.
- Almac Group
- Associates of Cape Cod, Inc.
- Bio-Rad Laboratories, Inc.
- Biomerieux SA
- Charles River Laboratories
- Eurofins Scientific
- F. Hoffmann-La Roche Ltd.
- Fujifilm Wako Pure Chemical Corporation
- Genscript
- Invivogen
- Laboratory Corporation of America Holdings (Labcorp)
- Lonza
- Maravai Lifesciences
- Merck KGaA
- Microcoat Biotechnologie GmbH
- Nelson Laboratories, LLC (Part of Sotera Health)
- Pacific Biolabs
- Promocell GmbH
- Qiagen
- Samsung Biologics
- Sartorius AG
- SGS SA
- Thermo Fisher Scientific, Inc.
- Wuxi Apptec
For more information about this report visit https://www.researchandmarkets.com/r/c5a3b3-biologics?w=12
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