China Biological Safety Testing Products And Services Market Size & Outlook
China biological safety testing products and services market, 2018-2030 (US$M)
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China biological safety testing products and services market highlights
- The China biological safety testing products and services market generated a revenue of USD 105.2 million in 2023 and is expected to reach USD 253.0 million by 2030.
- The China market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Instruments is the most lucrative product segment registering the fastest growth during the forecast period.
Biological safety testing products and services market data book summary
| Market revenue in 2023 | USD 105.2 million |
| Market revenue in 2030 | USD 253.0 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Instruments |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents & kits, Services, Instruments |
| Key market players worldwide | Charles River Laboratories International Inc, BSL-BIOSERVICE Scientific Laboratories GmbH, Merck KGaA, Samsung BioLogics, Sartorius AG, Eurofins Scientific SE, SGS AG, Thermo Fisher Scientific Inc, BioMerieux SA, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, China accounted for 2.3% of the global biological safety testing products and services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan biological safety testing products and services market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 253.0 million by 2030.
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Biological Safety Testing Products And Services Market Scope
Biological Safety Testing Products And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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China biological safety testing products and services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biological safety testing products and services market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 39.92% in 2023. Horizon Databook has segmented the China biological safety testing products and services market based on reagents & kits, services, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The biological safety testing market of china is expected to grow at a steady rate during the forecast period owing to rising incorporation of bioassays in acute medical toxicity studies. Additionally, the presence of government agencies performing their primary role in regulating and monitoring biological product quality facilitates growth opportunities for biological safety testing tools in the region.
China has a number of regulatory oversight bodies, such as the Ministry of Health overseeing laboratory & experiment approval and biosafety oversight. This official body has enforced the General Biosafety Standard for Microbiology and Biomedical Laboratories to ensure biological product quality thus facilitating growth opportunities for biological safety testing tools market in this region.
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Our clientele includes a mix of biological safety testing products and services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China biological safety testing products and services market , including forecasts for subscribers. This country databook contains high-level insights into China biological safety testing products and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China biological safety testing products and services market size, by product, 2018-2030 (US$M)
China Biological Safety Testing Products And Services Market Outlook Share, 2023 & 2030 (US$M)
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