PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1681330
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1681330
The global biological safety testing products and services market was valued at approximately USD 4.57 billion in 2023 and is anticipated to expand at a CAGR of 10.7% over the forecast period 2024-2032. Increasing demand for biologics, vaccines, and gene therapy products has propelled the need for stringent safety evaluations, fostering the adoption of biological safety testing solutions. As regulatory authorities impose rigorous safety standards for pharmaceutical and biopharmaceutical products, the demand for innovative testing methodologies is increasing.
Biological safety testing ensures that pharmaceutical and biologics manufacturing processes remain free from contamination. Rising government funding and private investments in drug development, coupled with the expansion of biotechnology and pharmaceutical industries, have further boosted the adoption of advanced biological safety testing methods. Companies are prioritizing regulatory compliance to mitigate risks associated with microbial contamination, residual host-cell proteins, and endotoxin levels. For instance, in 2023, Charles River Laboratories expanded its safety testing capabilities with enhanced in vitro testing solutions, catering to the evolving needs of biopharmaceutical developers.
Furthermore, the growing focus on personalized medicine and gene therapies has necessitated advanced biological safety testing protocols. The rise in cell-based therapies and monoclonal antibodies (mAbs) has heightened concerns regarding product integrity, sterility, and safety. Regulatory bodies such as the FDA, EMA, and WHO have implemented stringent guidelines requiring robust biological safety testing at various stages of development and manufacturing. Technological advancements, including CRISPR-based testing methods and next-generation sequencing (NGS), have further enhanced testing accuracy and efficiency.
Despite these positive trends, high costs associated with biological safety testing instruments and services remain a challenge for small and mid-sized biopharmaceutical firms. However, ongoing technological advancements, the emergence of AI-driven biosafety solutions, and the increasing integration of automated testing platforms are expected to reduce operational costs over time. Additionally, market players are focusing on expanding their service portfolios through acquisitions and strategic partnerships. In January 2023, Thermo Fisher Scientific acquired a major stake in a biosafety testing service provider to enhance its global presence and strengthen its regulatory compliance capabilities.