Global Biological Safety Testing Market

The International conferences promoting the best practices of biosafety are the latest trends gaining momentum in the market. The collaborations formed to improve biosafety procedures and protocols, organize annual events that discuss discoveries, recent developments, process improvement techniques and tools and recommendations for industries. ABSA is the oldest organization to have promoted biosafety and improve protocols around the world. Founded in 1984, it aimed to promote biosafety as a scientific discipline and also address the growing needs of the biosafety professionals across the world. Its main motive is to provide a professional association that would represent the interests and needs of the practitioners of biological safety.

The major factors driving the growth of this market are the unprecedented growth in the pharmaceutical and biotechnology industry which has been driven by government support in both the industries, increase in the R&D investments in the life sciences industry and also an increase in the number of new drug launches.

Market Dynamics

The global biological safety testing market is expected to grow at a CAGR of 11.12% during the period 2017-2021. The market is projected to reach USD 3.08 billion by the end of 2024, from USD 1.31 billion in 2015 due to the rise in increased technological advancements and rising geriatric population.

Market Segmentation

Segmentation on the basis of product:

--> Instruments

--> Services

--> Kits

--> Reagents

Segmentation on the basis of Application:

--> Vaccine Development

--> Blood products

--> Stem cell research

Opportunities

The growing pharmaceutical and biotechnology industries are the major drivers for the growth of global biological safety testing market. The safety of the finished products in the biotechnology and pharmaceutical industries is ensured by biological safety testing. The success of the pharmaceutical and biotechnology companies depends on the regulatory compliance and ensuring that the products are free from contaminations. The pharmaceutical products are required to comply with the standard regulatory procedures by the regulatory organizations. The demand for biological safety testing will increase during the forecast period due to the growing number of biopharmaceuticals. Thus, the growth of the global biological safety testing market will be driven by the growth of biotechnology and pharmaceutical industries.

Key Players

Key vendors:

--> Merck

--> Lonza

--> SGS

--> Thermo Fisher Scientific

Other prominent vendors are:

--> Air Science

--> Avance Biosciences

--> BSL Bioservice

--> Charles River Laboratories

--> Esco Micro

--> Nordic Scientific & Natural Solutions

--> NuAire

--> WuXi Biologics

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage