PUBLISHER: 360iResearch | PRODUCT CODE: 1497660
PUBLISHER: 360iResearch | PRODUCT CODE: 1497660
[181 Pages Report] The Biologics Safety Testing Market size was estimated at USD 5.62 billion in 2023 and expected to reach USD 6.43 billion in 2024, at a CAGR 14.71% to reach USD 14.70 billion by 2030.
Biologics safety testing is majorly the stringent testing of biopharmaceuticals conducted by drug manufacturers to ensure all biologic materials, across the development process, are safe and free of contaminants. The increased need for safety monitoring & testing in clinical trial activities, along with the growing focus on medical device evaluation, is expanding the adoption of biologics safety testing systems and services. The growing number of drug recalls and government initiatives and standards for biologics product safety are the major drivers for product penetration. However, the high-cost requirement of safety testing for the development of drugs and the limited availability of skilled professionals to perform accurate testing impedes proper testing activities. Technological innovation and advancements in biologics safety testing can assist in addressing operational factors and serve users with cost-effective products. Ongoing research for improved safety recombinant protein and cell & gene therapy is expected to proliferate the development of new customized testing services.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 5.62 billion |
Estimated Year [2024] | USD 6.43 billion |
Forecast Year [2030] | USD 14.70 billion |
CAGR (%) | 14.71% |
Regional Insights
The biologics safety testing market considering the Americas region, particularly in the United States, is well-established and highly regulated, fostering a robust demand for safety testing to ensure compliance with stringent FDA guidelines. This includes tests for contamination, potency, and purity of biological products. Moving to EMEA, Europe leads in market maturity similar to the Americas with strong regulatory frameworks provided by agencies such as the EMA (European Medicines Agency). The market is driven by advanced healthcare infrastructures and heightened awareness regarding biological safety. The Asia Pacific region showcases rapid growth in the biologics safety testing market, which is stimulated by increasing investments in biotechnology sectors, rising pharmaceutical outsourcing, and enhancements in healthcare infrastructures, particularly in countries including China and India. Overall, the global perspective on biologics safety testing underlines a convergence towards higher regulatory scrutiny, technological advancements in testing, and an expanded focus on ensuring the safety of biologic products across all regions.
Market Insights
The market dynamics represent an ever-changing landscape of the Biologics Safety Testing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Biologics Safety Testing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Biologics Safety Testing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Oxford Nanopore Technologies and PathoQuest Collaborate on Groundbreaking Biopharmaceutical Safety Test
Oxford Nanopore and PathoQuest in collaboration released GMP-accredited nanopore-based biologics genetic characterization test, takes safety testing of biologics to the next level, providing a new level of confidence in the safety and efficacy of biologics. The collaboration combines Oxford Nanopore's technology prowess with PathoQuest's expertise in biologics safety to create an innovative solution that stands to have a significant impact in the biopharmaceutical industry. This is a significant milestone for both companies as it heralds a new era in biologics safety testing. [Published On: 2023-03-21]
Expanding Biologics Production: A Strategic Look at Teva's Ulm Facility and Future Plans
Teva is significantly increasing its investment in biologics production, with a keen focus on biosimilars and novel biologic products. The central hub of this expansion is Teva's Ulm facility in Germany, which represents a substantial investment exceeding one billion US dollars aimed at amplifying in-house manufacturing capabilities and improving supply reliability. Bioreactors, a critical component in the biotech production process, play an essential role at this site. These vessels facilitate the growth and product production of genetically modified cells under optimal conditions, controlling for factors such as temperature, pH, and oxygen levels. [Published On: 2023-03-11]
Expansion of Clean Cells Advances Biopharmaceutical Testing Capabilities in Europe
Clean Cells launched a new biopharmaceutical quality testing service offering vital safety testing for biologics, ensuring that pharmaceutical products are free of contaminants and meet the highest safety standards. As the biologics market continues to expand, the demand for testing services has also increased, and Clean Cells is committed to delivering unparalleled quality and expertise to the industry. Backed by over 25 years of experience in the field, Clean Cells is uniquely positioned to provide comprehensive and reliable biopharmaceutical quality testing. With this newest offering, the company is poised to further solidify its reputation as a trusted partner for the biologics industry. [Published On: 2023-03-03]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Biologics Safety Testing Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Biologics Safety Testing Market, highlighting leading vendors and their innovative profiles. These include Accugen Laboratories, Inc., Agilent Technologies, Inc., Almac Group Limited, Associates of Cape Cod, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., bioMerieux SA, BSL Bioservice Scientific Laboratories Munich GmbH, Charles River Laboratories International, Inc., Creative Biolabs, Inc., Eagle Analytical Services, Eurofins Scientific Limited, F. Hoffmann-La Roche Ltd., FUJIFILM Wako Pure Chemical Corporation, Laboratory Corporation of America Holdings, Lonza Group AG, Maravai Lifesciences, Merck KGaA, Microcoat Biotechnologie GmbH, Nelson Laboratories, LLC by Sterigenics International LLC, Pacific BioLabs by Northview Biosciences, Inc., Promega Corporation, PromoCell GmbH, QIAGEN GmbH, Rockland Immunochemicals, Inc., Samsung Biologics, Sartorius AG, SGS S.A., SGS Societe Generale de Surveillance SA, and Thermo Fisher Scientific, Inc..
Market Segmentation & Coverage
TAB