Uploaded on Sep 16, 2024
The size of global biologics safety testing market in terms of revenue was estimated to be worth $4.2 billion in 2024 and is poised to reach $7.2 billion by 2029, growing at a CAGR of 11.1% from 2024 to 2029.
Biologics Safety Testing Market
Biologics Safety Testing Market
Global Forecast to 2029
Biologics Safety Testing
Market is expected to reach
USD 7.2 billion by 2029
Growing at a
CAGR of 11.1% (2024 – 2029)
SINGLE USE BIOPROCESSING MARKET
MARKET
CAGR of OPPORTUNITY OVER KEY MARKET PLAYERS BY TEST TYPE
2024 – 2029 NEXT 5 YEARS
$7.2Bn
CAGR Thermo Fisher Scientific Inc. (US)$4.2 Mycoplasma Tests Merck KGaA (Germany)
Bn
Lonza (Switzerland) Sterility Tests
FUJIFILM Corporation (Japan) Endotoxin Tests
Sartorius AG (Germany) Virus Safety Tests
2024 2029
F. Hoffmann-La Roche Ltd (Switzerland)
BY REGION BY END USER
• North America Pharmaceutical &
• Europe Biotechnology
• Asia Pacific Companies
• Rest of the World CROs and CDMOs
Academic and
Research Institutes
The size of global biologics safety testing market in terms of revenue was estimated
to be worth $4.2 billion in 2024 and is poised to reach $7.2 billion by 2029, growing at
a CAGR of 11.1% from 2024 to 2029. The new research study consists of an industry
trend analysis of the market. The new research study consists of industry trends,
pricing analysis, patent analysis, conference and webinar materials, key stakeholders,
and buying behaviour in the market.
Growth of the market can be attributed to factors such as the rising need for novel
biotherapeutics and increasing focus on advancement of biopharmaceutical industry.
However, ethical concern about animal testing may hamper the growth of the market.
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The Biologics Safety Testing Market is dominated by players such as
• Thermo Fisher Scientific Inc. (US)
• Merck KGaA (Germany)
• Lonza (Switzerland)
• FUJIFILM Corporation (Japan)
• Sartorius AG (Germany)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Charles River Laboratories (US)
• BIOMÉRIEUX (France)
• Maravai LifeSciences (US)
• WuXi AppTec (China)
North America dominated the biologics safety testing industry in 2023.
The global biologics safety testing market is segmented into six major regions—North
America, Europe, the Asia Pacific, Latin America, Middle East, and Africa. North
America accounted for the largest share of market in 2023, followed by Europe and
the Asia Pacific. Factors such as significant expenditure on R&D activities, presence of
a well-established healthcare market, growing need of advanced therapies are
responsible for the largest share of North America region in market.
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