Biological safety Testing Market set for healthy growth at 11.61% CAGR through 2025

Biological SafetyTesting Market Value, USD Million
Biological SafetyTesting Market Value, USD Million
Press Release

Biological safety testing market outlook for the 2019-2025 forecast period identifies growing bio-pharmaceutical industry, research labs and life sciences CROs coupled with large scale demand for therapeutic advance drug development as emerging biological safety testing market trends impacting long term growth.

In addition, increasing burden of hospital-acquired infections (HAIs), intense microbial contamination rates along with stringent regulations over quality of food & drugs influences the market value over the fiscal term.

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Food processing and pharmaceutical manufacturers are increasingly adapting biological testing at various levels of production cycles. In 2019, Telstar has launched an innovative range of high-end Class II Biological Safety cabinets that offer high performance, and energy savings.

However, high cost of biologics safety testing and lack of well-developed healthcare in underdeveloped countries are hampering the growth of biologics safety testing market.

Key vendors of biological safety testing market investing to meet new and unmet needs of research & labs

The ongoing burden of chronic disease and epidemic breakout of new viral threats strengthens the demand for advance clinical laboratories and biological testing tools.

In Aug 2019,  Thermo Fisher Scientific Inc. showcased latest instruments, assays and software for improving speed, accuracy and usability across clinical and research labs during the 71st AACC.

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Further, key initiatives taken up by health organizations to control biological contamination will drive the biological safety testing market growth across the globe.

Vaccines and Therapeutics segment continue to strengthen their biological safety testing market share

Rapid Advancements in the field of vaccine development and testing largely seeks strong biological safety testing market opportunity. Multiple stages of vaccine development beginning with identifying natural antigen, assay development and finally immune response has compelled priorities, in particular by World Health Organization/United Nations Development Program for vaccine development

Accordingly, prioritizing advance vaccine research by WHO aided in successful week response to 2018 spread of Ebola in Congo experimental vaccine saving lives and slowing the spread.

Automated liquid handling and cell culture systems by Charles River Laboratories International, Inc., are seeking strong market presence with benefits of reduce amount of time spent performing tedious tasks as well as improving consistency.

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Endotoxin tests dominates the global biological safety testing market

Endotoxin tests dominated the global biological safety testing market attributed to numerous types of endotoxin tests, such as gel clot endotoxin testing, turbidimetric method, and USP chromogenic endotoxins testing.

On regional scale, North America continues to strongly imprint over biological safety testing market growth

The strong presence of several NPOs and regulatory organizations that promote biological safety testing largely drives the biological safety testing market across Americas.

Additionally, the focus of organizations such as the FDA, the CDC, and the American Biological Safety Association (ABSA) towards promoting biological safety in several industries such as pharmaceutical and bio technology will also drive the growth of the market in this region.

Further, clustering of key players across the region are expanding scientific portfolio and geographic footprint with M&A activity. For instance, In April 2019, Charles River announced acquisition of Citoxlab, which also includes AccelLAB, Atlanbio, and SOLVO Biotechnology to partner with clients the drug discovery and development continuum.

Key participants operating in global biological safety testing market

Charles River Laboratories International, Inc., Merck KGaA, Lonza Group Ltd., Thermo Fisher Scientific Inc., Wuxi Apptec, Sartorius AG, Cytovance Biologics, Inc., Pace Analytical Services Inc., Toxikon Corporation, and Eurofins Scientific Se., are some of the key players leading in global biological safety testing market.

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This post was originally published on Technology Trend

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OGAnalysis has been a trusted research partner for 8+ years delivering most reliable analysis, information and innovative solutions. OGAnalysis is one of the leading players in market research industry serving 980+ companies across multiple industry verticals. Our core client centric approach comprehends client requirements and provides actionable insights that enable users to take informed decisions. Contact Us: Ambarish Phone: +91-7337 01 3757 Email: [email protected]