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Global Biologics Safety Testing Market is valued at USD 3.0 Billion in 2020 with a CAGR 12.3%

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Pratiksha
Global Biologics Safety Testing Market is valued at USD 3.0 Billion in 2020 with a CAGR 12.3%

The Global Biologics Safety Testing Market has been estimated to reach a value of USD 3.0 billion in 2021 and is projected to grow at a CAGR of 12.3% during the forecast period from 2021-2030. The present COVID-19 pandemic situation is further increasing vaccine testing and trials to develop corona vaccines. Government initiatives and vaccine production for the same will, therefore, drive the market.

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Recent Developments in the Global Biologics Safety Testing Market

  • In May 2021, Clean Biologics, biopharmaceutical company has announced the acquisition of Biodextris, a contract and manufacturing organization in Canada. Biodextris provides quality control testing services, early phase clinical manufacturing, and process development.
  • In May 2021, Roche Diagnostics has announced its partnership with Canadian Blood Services for serology tests, i.e., Elecsys Anti-SARS-CoV-2-S and Elecsys Anti-SARS-CoV-2, to understand the immune response by comparing the level of COVID-19 virus after natural infection and COVID-19 vaccine.
  • In May 2021, Moderna has announced the supply of 0.025 billion doses to Australia, including 0.010 billion doses of Moderna’s mRNA-1273 ancestral strain and 0.015 billion of updated variant booster.

 Major Companies: In this report, the major companies studied are: Maravai Lifesciences, Associates of Cape Cod, Inc., bioMérieux SA, Sartorius AG, F. Hoffmann-La Roche Ltd., Nelson Laboratories, LLC, Bio-Rad Laboratories, Inc, Agilent Technologies, Inc., Microcoat Biotechnologie GmbH, PromoCell GmbH, Almac Group, Lonza, Thermo Fisher Scientific, Inc., Merck KGaA, SGS SA, and WuXi AppTec   

 

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