Japan Biological Safety Testing Products And Services Market Size & Outlook
Japan biological safety testing products and services market, 2018-2030 (US$M)
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Japan biological safety testing products and services market highlights
- The Japan biological safety testing products and services market generated a revenue of USD 367.9 million in 2023 and is expected to reach USD 717.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 10% 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 367.9 million |
| Market revenue in 2030 | USD 717.4 million |
| Growth rate | 10% (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, Japan accounted for 8.0% 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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Japan 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 39.82% in 2023. Horizon Databook has segmented the Japan 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.
Japan held a substantial share of over 49.4% of the Asia Pacific biological safety testing market in 2015. Efficient compliance and implementation of safety testing procedures for pharmaceutical products as defined by the Japanese regulatory authority is presumed to be the foremost factor for garnering greater share of the Asia Pacific biological safety testing market.
In addition, increasing presence of major players of the biological safety testing market across Japan, involved in conducting wide-scale safety procedures for cellular and tissue-based products is also responsible for the widened base of growth.
Furthermore, research and academic collaborations across this region is anticipated to be one of the contributing factors for the dominant share acquired by this region. For instance, Tokyo Drug Control laboratory, a national research institute is an umbrella organization of the Ministry of Health, Labor and Welfare comprising, among others, 5 prominent divisions belonging to the Biological Safety Research Center that focus on conducting safety testing and research.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan biological safety testing products and services market , including forecasts for subscribers. This country databook contains high-level insights into Japan biological safety testing products and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan biological safety testing products and services market size, by product, 2018-2030 (US$M)
Japan Biological Safety Testing Products And Services Market Outlook Share, 2023 & 2030 (US$M)
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