Market revenue in 2021 | USD 146.4 million |
Market revenue in 2028 | USD 368.0 million |
Growth rate | 14.1% (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 |
Key Regions: Japan , U.S. , China , Australia , South Korea
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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 36.41% in 2021. Horizon Databook has segmented the Asia Pacific 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.
Countries such as Japan, South Korea, Australia, and Singapore adhere to a well-developed regulatory framework for the development of biopharmaceutical drugs. Regulatory policies enforced by healthcare organizations favoring improvements in biosafety and healthcare infrastructure quality are expected to increase growth opportunities in the future.
Biologics development and related clinical trial activities are complicated and require substantial investment. The high cost of R&D activities and lack of in-house R&D infrastructure have turned biotechnology and pharmaceutical companies toward CROs. The CRO market in Asia Pacific is the fastest growing in the world.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific virus safety testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific virus safety testing services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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