“Biological Safety Testing Market Report is set to have rapid growth due high investments in biotechnology, increasing adoption in cancer research and development and increasing number of R&D investments at global, regional and national level, influencing the industry trends in each of the sub-segments from 2019 to 2029”, says Visiongain Report
04 September 2019
Visiongain has launched a new pharma report Biological Safety Testing Market Forecast 2019-2029: By Product, By Application (Vaccines & Therapeutics, Gene Therapy, Stem Cell), By Test, By Region, And Segment Forecasts
The global Biological Safety Testing market is poised for rapid growth between 2019 and 2029. Some factors that are driving market growth include growth in the pharmaceutical and biotechnology industries along with increasing investments and increasing production of new organic products due to the high burden of disease.
The increased need for Biologic products has led to unprecedented growth in the number of biopharmaceutical companies. This growing competition for the development of large-scale therapeutically advanced drugs has forced manufacturers to improve aspects such as productivity, cost efficiency and deviations. Companies are therefore implementing good manufacturing practices that involve thorough biological testing at various levels of production cycles, thus contributing to market growth.
In addition, increasing number of government initiatives to promote biological safety testing products are expected to drive overall market growth in the coming years. High rates of microbial contamination and biological burden during pharmaceutical and biological production should guide government and private organizations to improve underlying biological safety practices.
Leading companies featured in the report include Charles River Laboratories, Lonza Group, Merck Millipore, Wuxi PharmaTech, Avance Biosciences, Cytovance Biologics, Promega Corporation, Thermo Fisher Scientific, Toxikon and Eurofins Scientific
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