Biological Safety Testing Market 2020 By Industry Trends & Regional Forecast To 2025
Category: #headlines  By Ronak Bora  Date: 2020-07-13
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Biological Safety Testing Market 2020 By Industry Trends & Regional Forecast To 2025

According to the latest research report, the global biological safety testing market is expected to record 12.2% CAGR during the forecast period 2019-2025.

With growing drug discovery research activities for the treatment of wide range of serious disorders, the global biological safety testing market is projected to witness a lucrative rate of growth over the forecast timespan. Growing application of biological safety testing for microbe free and safe production of pharmaceutical as well as biologics is further anticipated to drive the biological safety testing market.

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As a result, increasing application of blood-based products for cosmetic applications and surgeries coupled with the need for reducing the risk of HAIs is likely to aid biological safety testing market expand substantially over the projected timeline.

Growing number of pharmaceutical and biotechnology firms is also expected offer numerous opportunities for the expansion of market. On a global level, various companies are investing in research activities and new product development efforts.

Additionally, most of the companies are also investing in research organizations and contract development so as to maximize their abilities. Subsequently, growing inclination towards service providers of healthcare sector combined with increasing number of companies providing safety testing services would further boost the industry growth. Global biological safety testing market is estimated to surpass $4.5 billion by 2025.

The biological safety testing market is expected to record a momentous CAGR of 12.4% in the upcoming years owing to the rising need for manufacturing companies of biologics to cut their cost burden. Several service providers like BioOutsource, Charles River and Eurofins Scientific provide a broad range of test types which can be modified to meet certain requirements according to different biopharmaceutical products.

As per application segment, the market of stem cells is anticipated to progress at vigorous pace over the given period. Burden of various diseases like arthritis, congenital disorders and autoimmune diseases is growing rapidly across the world. Cell banks and stem cells might have undesired burden of unplanned agents like protozoa, bacteria, and viruses among others. These cell banks need to be free from such agents in order to avoid growth of fatal infections. As a result, growing demand for stem cells in reformative medicine would subsequently grow the demand for biological safety testing across the industry landscape.

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All in all, the above-mentioned determining factors are likely to offer a varied range of growth opportunities for global biological safety testing market in coming years. The competitive landscape of global biological safety testing market includes companies like Merck KGaA, Esco, Thermo Fisher Scientific, Wuxi Biologics and Eurofins Scientific among others.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary

2.1. Biological safety testing market industry 3600 synopsis, 2014 – 2025

2.1.1.  Business trends

2.1.2.  Products and services trends

2.1.3.  Test trends

2.1.4.  Application trends

2.1.5.  End-use trends

2.1.6.  Regional trends

Chapter 3. Biological Safety Testing Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1. Rising focus on drug development

3.3.1.2.  High investment in clinical research

3.3.1.3. Growing number of laboratories and biopharmaceutical firms

3.3.1.4.  Stringent regulatory guidelines regarding safety of biologics

3.3.2.  Industry pitfalls & challenges

3.3.2.1.  Lack of trained professionals

3.3.2.2.  High cost of biological safety testing cabinets

3.4. Growth potential analysis

3.4.1.  By products and services

3.4.2.  By test

3.4.3.  By application

3.4.4.  By end-use

3.5. Regulatory landscape

3.6. Porter's analysis

3.7. Competitive landscape, 2018

3.7.1.  Strategy dashboard

3.8. PESTEL analysis

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/biological-safety-testing-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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