Global Virus Safety Testing Services Market Size & Outlook
The virus safety testing services industry worldwide is expected to reach a projected revenue of US$ 1,576.1 million by 2028. A compound annual growth rate of 13% is expected of the worldwide virus safety testing services industry from 2022 to 2028.
Revenue, 2021 (US$M)
$670.4
Forecast, 2028 (US$M)
$1,576.1
CAGR, 2022 - 2028
13%
Report Coverage
Worldwide
Global virus safety testing services market, 2016-2028 (US$M)
Related Markets
Global virus safety testing services market highlights
- The global virus safety testing services market generated a revenue of USD 670.4 million in 2021 and is expected to reach USD 1,576.1 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 13% by 2028.
- In terms of segment, adventitious virus tests accounted for a revenue of USD 242.8 million in 2021.
- Adventitious Virus Tests is the most lucrative test type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 670.4 million |
| Market revenue in 2028 | USD 1,576.1 million |
| Growth rate | 13% (CAGR from 2021 to 2028) |
| Largest segment | Adventitious virus tests |
| Fastest growing segment | Adventitious Virus Tests |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adventitious Virus Tests, Antibody Production Tests, Retrovirus Tests, Specific Virus Tests, Other Tests |
Other key industry trends
- In terms of revenue, the North America accounted for 38.4% of the global virus safety testing services market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 505.9 million by 2028.
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Virus Safety Testing Services Market Scope
Virus safety testing services market segmentation & scope
Virus Safety Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global virus safety testing 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 virus safety testing services market will help companies and investors design strategic landscapes.
Adventitious virus tests was the largest segment with a revenue share of 36.22% in 2021. Horizon Databook has segmented the Global virus safety testing services market based on adventitious virus tests, antibody production tests, retrovirus tests, specific virus tests, other tests covering the revenue growth of each sub-segment from 2016 to 2028.
- Global Virus Safety Testing Services Test Type Outlook (Revenue, USD million, 2016-2028)
- Adventitious Virus Tests
- In Vitro Assays
- In Vivo Assays
- Antibody Production Tests
- Mouse Antibody Production (MAP) Tests
- Hamster Antibody Production (HAP) Tests
- Rat Antibody Production (RAP) Tests
- Retrovirus Tests
- Infectivity Assays
- Electron Microscopy
- Reverse Transcriptase
- Other Retrovirus Tests
- Specific Virus Tests
- Bovine Viral Assay (in vitro, PCR)
- Porcine Viral Assay (in vitro, PCR)
- Other Specific Virus Tests (PCR)
- Other Tests
- Adventitious Virus Tests
- Global Virus Safety Testing Services Application Outlook (Revenue, USD million, 2016-2028)
- Vaccines
- Plasma Proteins
- Antibody
- Gene Therapy
- Regenerative Medicine
- Other Applications
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Target buyers of Global virus safety testing services market databook
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Our clientele includes a mix of virus safety testing 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 global-level data and insights on the Global virus safety testing services market , including forecasts for subscribers. This global databook contains high-level insights into Global virus safety testing services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Global virus safety testing services market size, by regions, 2016-2028 (US$M)
Top 10 countries: Virus safety testing services market size, 2021 (US$M)
Global virus safety testing services market share, by test type, 2021 & 2028 (%, US$M)
virus safety testing services market: Opportunity assessment by country
Global virus safety testing services market, by region, 2021 (US$M)
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Related regional statistics
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