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What is the Estimated Growth Rate for the “Biological Safety Testing Products And ServicesMarket Between 2024 and 2033?

The biological safety testing products and services market size has grown rapidly in recent years. It is expected to rise from $4.77 billion in 2023 to $5.4 billion in 2024, at a CAGR of 13.2%. Contributing factors include the prevalence of target diseases, increased production of next-generation biologics, growing demand for biologics, higher adoption of testing tools, expansion in the pharmaceutical and biotechnology sectors, and a stronger emphasis on regulatory compliance.

The biological safety testing products and services market is projected to experience substantial growth in the coming years, reaching $8.93 billion by 2028, with a compound annual growth rate (CAGR) of 13.4%. Factors driving this growth include the increasing necessity for assessing safety and effectiveness in health treatments, heightened development of new therapeutics, a growing interest in cell and gene therapies, rising investments in the biopharmaceutical sector, and government initiatives aimed at promoting biopharmaceutical safety. Key trends influencing the market include advancements in technology, a growing demand for bioburden testing, increased investments in biopharmaceuticals and biologics, regulatory compliance spurring adoption, and mergers and acquisitions among leading players.

What Are the Primary Contributors to the Growth of the Biological Safety Testing Products And Services Market?

The growing demand for gene therapies is expected to propel the growth of the biological safety testing products and services market going forward. Gene therapy is a medical approach that uses genes to treat or prevent disease by replacing, modifying, or supplementing faulty genes. The increased investment and research related to gene mutation and supportive regulatory environments further accelerate innovation and expand gene therapeutic applications. Biological safety testing products and services in gene therapy ensure viral vectors and genetic materials are contaminant-free and safe to use.

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Which Key Segments Comprise the Biological Safety Testing Products And Services Market?

The biological safety testing products and services market covered in this report is segmented –

1) By Product: Reagents And Kits, Instruments, Services
2) By Test Type: Endotoxin Tests, Sterility Tests, Cell Line Authentication And Characterization Tests, Bioburden Tests, Adventitious Agent Detection Tests, Residual Host Contamination Detection Tests, Other Test Types
3) By Application: Vaccines And Therapeutics, Blood And Blood-Based Products, Gene Therapy, Tissue And Tissue-based Products, Stem Cell

What Are the Key Trends Reshaping the Biological Safety Testing Products And Services Market?

Major companies operating in the biological safety testing products and services market are developing rapid animal-free bacterial endotoxin testing to enhance patient safety and expedite drug development.​ This innovative approach aims to reduce testing time and improve reliability without the use of animal-based products. For instance, in January 2024, Charles River Laboratories International, a US-based pharmaceutical and biotechnology company, introduced the Endosafe Trillium cartridge, which employs recombinant technology to detect and quantify endotoxins without using animal-derived materials. It is the first rapid animal-free bacterial endotoxin test that features a faster turnaround time and eliminates the need for animal-derived reagents, thus enhancing sustainability and ethical testing practices. This product aims to provide rapid, accurate results while reducing reliance on the traditional Limulus amebocyte lysate (LAL) derived from horseshoe crabs​.

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What Are the Top Regions Fueling Growth in the Biological Safety Testing Products And Services Market?

North America was the largest region in the biological safety testing products and services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biological safety testing products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Biological Safety Testing Products And Services Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the biological safety testing products and services market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Biological Safety Testing Products And Services Market Include

1. Biological Safety Testing Products And Services Market Executive Summary
2. Biological Safety Testing Products And Services Market Segments
3. Biological Safety Testing Products And Services Market Size And Template Market Growth Rate
4.  Key Biological Safety Testing Products And Services Market Trends
5. Major Biological Safety Testing Products And Services Market Drivers
……
25. Key Mergers And Acquisitions In The Biological Safety Testing Products And Services Market
26. Top Biological Safety Testing Products And Services Companies
27. Biological Safety Testing Products And Services Market Opportunities And Strategies
28. Biological Safety Testing Products And Services Market, Conclusions And Recommendations
29. Appendix

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