The global market for biological safety testing is showcasing a highly competitive business structure, finds a new research study by Transparency Market Research.
The global market for biological safety testing is showcasing a highly competitive business structure, finds a new research study by Transparency Market Research (TMR). Thermo Fisher Scientific Inc., Merck KGaA, Charles River Laboratories International Inc., Lonza Group, SGS SA, Avance Biosciences, WuXi PharmaTech (Cayman) Inc., Paragon Bioservices Inc., Toxikon Inc., Nordic Scientific & Natural Solutions AB, and NuAire are some of the prominent part of the competitive landscape of this market, making it fragmented. The key companies are expanding their regional reach to strengthen their position in the global market. Over the coming years, vendors of biological safety testing products are expected to involve into mergers, acquisitions, and strategic partnerships to gain a competitive edge, states the research report.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18578
According to the research report, the global biological safety testing market was worth US$1.31 bn in 2015. Expanding at a CAGR of 10.0% during the period from 2016 to 2024, the market is projected to reach US$3.08 bn by the end of the forecast period. Biological safety testing instruments is witnessing significant rise and is expected to dominate the global market in the years to come, states the research report.
North America to Continue on Top
In terms of the geography, the global market for biological safety testing has been segmented into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe in this research study. Among these, the North America market has acquired the dominance, owing to the presence of a large pool of players in this region. This regional market is anticipated to remain on the top over the next few years. Asia Pacific and Europe are also expected to witness a significant rise in the years to come, states the research report.
Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=18578
Growth in Pharmaceutical and Biotechnology Industry to Boost Market
“The global market for biological safety testing is set to witness exponential growth in the years to come, thanks to the increase in the pharmaceutical and the biotechnology industry,” says an analyst at TMR. Apart from this, the constant increase in the geriatric population, rise in prevalence of cancer, and the augmenting awareness towards health in emerging economies are also expected to support the growth of this market in the years to come, reports the study.
Buy Biological Safety Testing Market Report at - https://www.transparencymarketresearch.com/checkout.php?rep_id=18578<ype=S
The review is based on a report by Transparency Market Research, titled “Biological Safety Testing Market (Product Type - Instruments and Reagents & Kits; Test - Endotoxin Tests, Sterility Test, Cell Line Authentication and Characterization Tests, Bioburden Tests, Residual Host Contaminant Detection Tests, Adventitious Agent Detection Tests, Toxicity Tests, and Stability Tests; Application - Vaccines & Therapeutics, Blood & Blood Products, Tissue & Tissue Products, Stem Cell Products, Gene Therapy, and Cellular Therapy) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
More Trending Reports by Transparency Market Research:
Infectious Immunology Market: Rising incidence of infectious diseases that has led to the need for their immunological diagnostics and treatment is predicted to account for continued growth of infectious immunology market over the 2020 – 2030 forecast period. HIV, pneumonia, malaria, hepatitis, and tuberculosis are some infectious diseases that are responsible for large morbidity and mortality within populations. For example, rotavirus infection is estimated to cause 4, 00,000 deaths.
Vaccine Storage Equipment Market: Rising government assistance for clinical trials and research is expected to boost demand in the global Vaccine Storage Equipment Market in near future. Furthermore, rising frequency of infectious diseases such as Covid-19, increased government attention on vaccination programmes, and technical advancements in storage equipment are further expected to drive demand in the market. Increased research and development spending on biotechnological sectors for vaccine research, as well as an increase in the number of pharmaceutical retailers, are projected to create abundant revenue opportunities for the industry in the years to come. Increased research on vaccines has gathered immense momentum on the backdrop of outbreak of Covid-19.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453