Global Biological Safety Testing Market to grow at a CAGR of 11.12% during the period 2017 - 2021; Finds New Report

Report forecast the global biological safety testing market to grow at a CAGR of 11.12% during the period 2017-2021.

Biological safety ensures the biological integrity of products that are meant for consumption. Biological safety testing examines facilities and tests them for various types of contaminations. Several instruments, reagents, and kits are used for biological safety testing. Due to the increasing number of product recalls, which have caused significant losses for pharmaceutical companies, the focus on biological safety testing is increasing. Pharmaceutical and biotechnology companies are making significant investments in research and development (R&D) to develop safe products.

The report covers the present scenario and the growth prospects of the global biological safety testing market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the major drivers for this market is Growing biotechnology and pharmaceutical industries. Biological safety testing is essential to ensure the safety of finished products in the biotechnology and pharmaceutical industries. Regulatory compliance and ensuring the production of products that are free from contaminations are essential for the success of pharmaceutical and biotechnology companies. Regulatory organizations require pharmaceutical products to comply with standard regulatory procedures. Due to the growing number of biopharmaceuticals, the demand for biological safety testing will increase during the forecast period. Therefore, the growth of the biotechnology and pharmaceutical industries will drive the growth of the global biological safety testing market.

Further, the report states that one of the major factors hindering the growth of this market is Lack of trained professionals. Biological safety testing requires efficient handling and compliance with regulatory procedures and good manufacturing practices. Due to the growing prevalence of chronic diseases, laboratories are required to develop new drugs quickly, which can affect adherence with regulatory procedures. If the quality of new drugs is not adequate, biopharmaceutical companies can incur significant losses. In April 2017, in India, the Central Drugs Standard Control Organization (CDSO) listed 60 drugs as unsafe for use because they were adulterated, spurious, misbranded, or not of standard quality.

Global Biological Safety Testing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global biological safety testing market: Merck, Lonza, SGS, and Thermo Fisher Scientific.

Other Prominent Vendors in the market are: Air Science, Avance Biosciences, BSL Bioservice, Charles River Laboratories, Esco Micro, Nordic Scientific & Natural Solutions, NuAire, and WuXi Biologics.

Market driver

• Growing biotechnology and pharmaceutical industries
• For a full, detailed list, view our report

Market challenge

• Lack of trained professionals
• For a full, detailed list, view our report

Market trend

• International conferences promoting best practices of biosafety
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Spanning over 74 pages “Global Biological Safety Testing Market 2017 - 2021” report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Segmentation by offering, Segmentation by geography, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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For related reports please visit: Biological Safety Testing Market Research Reports

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