The Global Biological Testing Market was valued at US$ XX Mn in 201X and expected to grow at X% Compound Annual Growth Rate (CAGR) over 201X to 202X.The market is primarily driven by increasing production of new generation biologics by major pharmaceutical and biotechnology companies. High global prevalence of target diseases has triggered companies to increase production of advanced biologics.
Biologics are the medical products which are manufactured in, synthesized from or extracted from the biological sources. Biologics play very important role in diagnosis, prevention, and treatment of the various chronic diseases. Biologics test for safe human use is very important step for marketing of any biological product.

Global biologics testing market is mainly driven by the strengthening of the regulatory procedures in many countries for the approval and marketing of the biological products. In addition, robust growth in biopharmaceutical industry and increase in prevalence of the diseases among the population expected to boost the market share. Furthermore, increase in R&D investment in biopharma industry coupled with the increase in the new product launches are expected to bolster the market growth over the forecast period.

This PBI’s report is also anticipated to exhibit a strong CAGR during the forecast period, which can be attributed to significant increase in disease outbreaks over the years. This is consequently promoting usage of vaccines for disease prevention, thus widening growth potential for adoption of biological safety tools. Several guidelines and recommendations issued by regulatory authorities such as U.S. FDA pertaining to characterization and qualification of materials used in the production of vaccines for infectious disease indications are predicted to broaden segment growth.

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Global Biologics Testing Market Competition Assessment

Some of the players in global biologics testing market includes

• Eurofins Scientific (Luxembourg)
• Charles River Laboratories, Inc. (U.S.)
• SGS S.A. (Switzerland)
• Sartorius AG (Germany)
• Cytovance Biologics, Inc. (U.S.)
• Pace Analytical Services, LLC. (U.S.)

Regional Insights: North America captured a share of over X % in the global market in 201X. The dominant share is attributed to high investments in biotechnology and increasing adoption in cancer research and development of new biologics, vaccines, and drugs. Moreover, increasing number of R&D investments initiated by companies is one of the potential growth factors.
The regional market is also fuelled by presence of prominent market players undertaking extensive expansion strategies. Moreover, increasing burden of chronic diseases in this region is anticipated to drive the inclination of researchers and healthcare professionals toward advanced technologies. This is further anticipated to widen the scope for growth.
The Asia Pacific market is anticipated to exhibit a lucrative CAGR of over 13.0% throughout the forecast period. This is believed to be an outcome of rising healthcare spending and increasing awareness levels pertaining to benefits of these tools.
Precision Business Insights (PBI) in its report titled “Global Biologics Testing Market”: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 20XX-20XX and Forecast 20XX-20XX” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast.
Market Scope: Global Biologics Testing Market
Global Biologics Testing Markets segmented based on product type, test, application, and region

By product type, global biologics testing market is segmented into
• Instruments
• Kits and Reagents
• Services

By test, global biologics testing market is segmented into
• Sterility Test
• Endotoxin Test
• Cell Line Authentication and Characterization
• Residual Host Contamination Test
• Others

By application, global biologics testing market is segmented into
• Cellular and Gene related
• Blood and Blood Products
• Vaccines
• Stem cell Research
• Others

By region, global Biologics Testing Market is segmented into
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa (MEA)

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