Global Biological Safety Testing Market: Snapshot
The global market for biological safety testing is set to exhibit exponential growth in the years to come owing to rise in the pharmaceutical and biotechnology industry. The other factors that will drive the market include increase in geriatric population, increase in prevalence of cancer, and increasing awareness towards health in emerging economies. The North America biological safety testing market is expected to grow moderately during the first half of the forecast period, primarily due to the effect of the expiry of patents for leading brands and price erosion in the market. However, by 2020, entry of technologically advanced and more cost effective devices and reagents are expected to enter biological safety testing market, which are likely to increase future growth of the market.
The global biological safety testing market will expand at a CAGR of 10.0% over the forecast period between 2016 and 2024. Driven by the rise in increase in technological advancement and rising geriatric population, the market is expected to reach US$ US$3.08 bn by the end of 2024, from US$1.31 bn in 2015.
Launch of Advanced Technologies by Leading Companies to Fuel Demand from Reagents & Kits Segment
Based on product type, in 2015, the instruments segment held the dominant share of over 29.2% of the global biological safety testing market. This segment comprises biological safety cabinet (class I, class II, class III), autoclaves, laboratory centrifuges, and others. The segment is expected to witness a moderate growth during the forecast period when compared to the reagents & kits segment. The high growth of the kits segment is due to the increasing popularity and launch of more efficient technologies and newer instruments which are in pipeline by companies such as Charles River Laboratories International, Inc., Thermo Fisher Scientific and Merck KGaA.
The global biological safety testing market by application is divided into vaccines & therapeutics, blood & blood products, tissue & tissue products, stem cell products, gene therapy, and cellular therapy. Vaccines & therapeutics and blood & blood products are the major shareholder in biological safety testing market with an aggregated share of approximately 52.7% in 2015.
Based on test type, the global biological safety testing market is segmented into endotoxin tests, sterility tests, cell line authentication and characterization tests, bioburden tests, residual host contaminant detection tests, adventitious agent detection tests, and other tests (toxicity tests, stability tests, etc.). The endotoxin tests and sterility tests market have a dominant share in the market due to the increasing awareness and implication of stringent regulatory scenario.
North America Emerges as Leading Market, followed by Europe
Regionally, the global biological safety testing market has been segmented into North America, Europe, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America accounted for major share of 42.2% in the global market in 2015, followed by Europe. Asia Pacific is the fastest growing market but Latin America is expected to emerge as a lucrative region due to increasing awareness, increasing participation of global manufacturers in the region to increase their global foot print and increase in healthcare expenditure through government initiatives, the industry will enhance the demand for biological safety testing system in this region.
Others factors supporting the market’s growth are flourishing pharmaceutical and biotechnology companies in Mexico and Brazil, which are creating lucrative prospects for the biological safety testing market in the region. The MEA biological safety testing market is expected to grow under the influence of increasing applications of these technologies and enhanced participation of the respective governments to promote academic research to improve these technologies.
Some of the leading players in the biological safety testing market are Thermo Fisher Scientific Inc., Charles River Laboratories International, Inc., Merck KGaA, Lonza Group, Avance Biosciences, SGS SA, WuXi PharmaTech (Cayman) Inc., Toxikon, Inc., Nordic Scientific & Natural Solutions AB, Paragon Bioservices, Inc., and NuAire among others.
Global Biological Safety Testing Market: Overview
This report on biological safety testing market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the manufacture and commercialization of various biological safety testing instrument and products as well as new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered within the scope of the study. This section also provides the overall information and data analysis of the global biological safety testing market with respect to the leading market segments based on major products, applications and geographies.
Global Biological Safety Testing Market: Key Segments
The global biological safety testing market is divided into: by product, by test type, by application and by geography. Product type segment of tissue market was divided into instruments and reagents & kits. On the basis of test type the biological safety testing market is classified as Endotoxin Tests, Sterility Tests, Cell Line Authentication and Characterization Tests, Bioburden Tests, Residual Host Contaminant Detection Tests, Adventitious Agent Detection Tests, Other Tests (Toxicity tests, Stability tests, etc.). On the basis of application the biological safety testing market is classified as Vaccines & Therapeutics, Blood & Blood Products, Tissue & Tissue Products, Stem Cell Products, Gene Therapy, and Cellular Therapy. Vaccines & Therapeutics and Blood & Blood Products.
The market for these segments has been extensively analyzed based on their utility, effectiveness, sales, and geographic presence. Market revenue in terms of US$ Mn and market volume in terms of units for the period from 2016 to 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all segments, considering 2016 as the base year.
Global Biological Safety Testing Market: Scope of the Report
The market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the global biological safety testing market and could influence the market in the near future. Market attractiveness analysis has been provided in all the sections of the report in order to explain the intensity of competition in the market across different products/materials/technologies/end-users/geographies. The competitive scenario among different market players is evaluated through market share analysis in the competition landscape section of the report. The section also includes completion matrix that analyzes the competition among some of the top global players operating in the market. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the global market.
Global Biological Safety Testing Market: Regional Outlook
Geographically, the biological safety testing market has been segmented into five regions: North America, Europe, Asia Pacific, Europe, Middle East & Africa (MEA), and Latin America. Each regional market for biological safety testing market has been further categorized into major product, applications, material, and end-user segments considered within the scope of the study. Key country (U.S., Canada, Japan, Germany, France, U.K., Australia, Canada, China, Brazil, Mexico, India, etc.) market revenues have also been provided in different regional sections within the report. Market revenue in terms of US$ Mn and volume in terms of units for the period from 2014 to 2025 along with CAGR % from 2016 to 2025 are provided for all the regions and nations considering 2016 as the base year.
Companies Mentioned in the Report
The report profiles key manufacturers in the biological safety testing market based on various attributes such as company details, SWOT analysis, strategic overview, financials, and business overview. Major players profiled in this report include Thermo Fisher Scientific Inc., Charles River Laboratories International, Inc., Merck KGaA, Lonza Group, Avance Biosciences, SGS SA, WuXi PharmaTech (Cayman) Inc., Toxikon, Inc., Nordic Scientific & Natural Solutions AB, Paragon Bioservices, Inc., and NuAire.
The global Biological safety testing market has been segmented as follows:
Biological safety testing Market, by Product Type
- Biological Safety Cabinet (class I, class II, class III)
- Laboratory Centrifuges
- Reagent & Kits
Biological safety testing Market, by Test Type
- Endotoxin Tests
- Sterility Tests
- Cell Line Authentication and Characterization Tests
- Bioburden Tests
- Residual Host Contaminant Detection Tests
- Adventitious Agent Detection Tests
- Other Tests (Toxicity tests, Stability tests, etc.)
Biological safety testing Market, By Application
- Vaccines & Therapeutics
- Blood & Blood Products
- Tissue & Tissue Products
- Stem Cell Products
- Gene Therapy
- Cellular Therapy
Biological safety testing Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA