U.S. Biological Safety Testing Products And Services Market Size & Outlook
U.S. biological safety testing products and services market, 2018-2030 (US$M)
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U.S. biological safety testing products and services market highlights
- The U.S. biological safety testing products and services market generated a revenue of USD 1,359.1 million in 2023 and is expected to reach USD 2,637.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Services 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 1,359.1 million |
| Market revenue in 2030 | USD 2,637.8 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Services |
| 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, U.S. accounted for 29.7% 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 North America, U.S. biological safety testing products and services market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 545.1 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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U.S. 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 39.86% in 2023. Horizon Databook has segmented the U.S. 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 U.S. accounted for the largest share of over 86.5% of the North America biological safety testing market in 2015. The dominant share attained by this region is a consequence of unprecedented adoption rate of unhealthy lifestyles, which has led to high prevalence and incidence of diseases, such as cancer and diabetes.
The aforementioned factor serves as a significant contributing factor enabling wide scale drug development and their subsequent commercialization by major biopharmaceutical companies present across this region. This is further believed to engender a greater need to ensure high safety standards for specialized and targeted therapies and avert probable shortcomings.
Moreover, healthcare organizations, such as the U.S. FDA, and U.S. Department of Health and Human Services in collaboration with Centers for Disease Control and Prevention and National Institutes of Health, consistently strive to improve the biological and microbiological safety testing standards for biomedical laboratories through the formulation and enforcement of stringent regulatory guidelines.
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Target buyers of U.S. biological safety testing products and services market databook
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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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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 U.S. biological safety testing products and services market , including forecasts for subscribers. This country databook contains high-level insights into U.S. biological safety testing products and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. biological safety testing products and services market size, by product, 2018-2030 (US$M)
U.S. Biological Safety Testing Products And Services Market Outlook Share, 2023 & 2030 (US$M)
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