Biological safety testing involves testing of all vaccines and biopharmaceutical products to ensure that the product is safe and free from all contaminations. Government health authorities such as United States Food and Drug Administration (FDA) and European Medicines Agency (EMA) undergo biological safety testing to ensure product safety. The global biological safety testing market is expected to have a CAGR of 13% during the forecast period 2016-2023. Increasing pharmaceutical and biotechnology industry primarily contributes to the growth of the global biological safety testing market during the forecast period. Moreover, increasing awareness regarding health among general population contributes to the growth of global biological safety testing market.
Drug launches in recent years mainly contributes to the growth of the global biological safety testing market. Development and manufacturing of advanced drugs in future will demand more effective and enhanced medicinal drug safety testing methods thus, contributing to the growth of the global biological safety testing market during the forecast period. Several new drugs have been launched in 2017. Tesaro is looking for its second FDA approval in 2017 whereas Neurocrine is looking for new cancer pill niraparib therapy. Moreover, Kite Pharma is aiming for approval of first-ever CAR-T cancer drug to market in 2017. Therefore, these drug launches will contribute to the growth of the global biological safety testing market during the forecast period.
Source: OBRC Analysis
The report on global biological safety testing market is segmented on the basis of product, test and applications.
Products in global biological safety testing market include:
- Instruments
- Kits and reagents
- Services
Test in global biological safety testing market are further divided as:
- Adventitious agent detection test
- Bio burden test
- Cell line authentication and characterization test
- Endo toxin test
- Residual host contamination detection test
- Sterility test
- Others
Applications of global biological safety testing market include:
- Blood and blood related products testing
- Cellular and gene therapy
- Stem cell research
- Tissue and tissue related products testing
- Vaccine and Therapeutics development
The report scope is widely categorized on the basis of its segments such as product, test type and applications. Moreover, the market revenue estimates and forecast includes only the biological safety testing systems. However, report scope excludes other testing systems.
Geographically, the global biological safety testing market report is segmented into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America accounted for the largest market share in terms of revenue for global biological safety testing market in 2016 followed by Europe. North America is expected to dominate the market during the forecast period. The growth in the region is witnessed owing to adoption of biotechnology in cancer research and development of new drugs, biologics and vaccines such as Zepatier, Briviact, Taltz etc. Asia Pacific is expected to be the fastest growing region for biological safety testing market during the forecast period due to presence of emerging economies such as China, India and South Korea, huge population, growth in biotechnology and pharmaceuticals industry, healthcare spending and adoption of low cost and compact techniques in research sector.
Global biological safety testing market report covers segmentation analysis of product, test and applications. Report further covers segments of product which include instruments, kits and reagents and services. Kits and reagents held the largest market share in terms of revenue for the biological safety testing market in 2016 and it is expected to dominate the segment during the forecast period. The growth of the segment is attributed to its high popularity and launch of more efficient technologies during the forecast period. Moreover, the test types in biological safety testing are divided as adventitious agent detection test, bio burden test, cell line authentication and characterization test, endo-oxin test, residual host contamination detection test, sterility test and other tests. The endo-toxin tests and sterility tests held the largest market share in terms of revenue in 2016 and it is expected to dominate the market during the forecast period owing to increasing awareness and implication of stringent regulations. Furthermore, the applications of biological safety testing include blood and blood related products testing, cellular and gene therapy, stem cell research, tissue and tissue related products testing and vaccine and therapeutic development. Vaccine and therapeutic development held the largest market share in terms of revenue in 2016 and is expected to dominate the market during the forecast period owing to rising prevalence of chronic diseases, increasing initiatives for immunization and increasing investments in vaccine development.
The major market players of the global biological safety testing market are:
- LONZA GROUP LTD.
- SGS SA
- MERCK KGAA
- THERMO FISHER SCIENTIFIC INC.
- SARTORIUS AG
- OTHERS
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, mergers, partnerships and acquisitions is the key strategy adopted by the companies in the global biological safety testing market.
For example: In 2016, Charles River Laboratories acquired Blue Stream Laboratories, Inc. (analytical contract research industry). The major aim of the acquisition was to enhance the existing capabilities for the safety assessment and to manufacture biologics.
The report covers detailed analysis of companies which comprises of overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global biological safety testing market.
Key reasons to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023 of the global biological safety testing market.
- Report includes detailed analysis of different segments such as product, test and applications of the global biological safety testing market.
- Identify and understand the strength, opportunities, challenges and threat of the global biological safety testing market during the forecast period.
- Covers details analysis of Porters 5 force model and other strategic models. Also covers revenues, market share analysis, and competitive landscape analysis of major players of the global biological safety testing market.
- Detailed analysis of various regulatory policies which affect the global biological safety testing market during the forecast period.
How are we different from others
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on the global biological safety testing market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global biological safety testing market, with giving extensive SCOT analysis of key companies.
Key findings of the global biological safety testing market:
- Increase in number of drug launches is adding growth in the global biological safety testing market during the forecast period.
- North America held highest revenue share in 2016 and is expected to dominate the market during the forecast period.
- Kits and reagents segment is expected to dominate the global biological safety testing market during the forecast period owing to its high popularity and launch of more efficient technologies.
- Acquisition is the key strategy adopted by players of the global biological safety testing market during the forecast period.