Asia Pacific Virus Safety Testing Services Market Size & Outlook
Asia Pacific virus safety testing services market, 2016-2028 (US$M)
Related Markets
Asia Pacific virus safety testing services market highlights
- The Asia Pacific virus safety testing services market generated a revenue of USD 146.4 million in 2021.
- The market is expected to grow at a CAGR of 14.1% from 2022 to 2028.
- In terms of segment, adventitious virus tests was the largest revenue generating test type in 2021.
- Adventitious Virus Tests is the most lucrative test type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2028.
Asia Pacific data book summary
| 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 |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.8% of the global virus safety testing services market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 368.0 million by 2028.
Key Regions: Japan , U.S. , China , Australia , South Korea
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Virus Safety Testing Services Market Scope
Virus Safety Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 36.41% 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.
Reasons to subscribe to Asia Pacific virus safety testing services market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific virus safety testing services market databook
-
Our clientele includes a mix of virus safety testing services market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 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.
Partial client list
Asia Pacific virus safety testing services market size, by country, 2016-2028 (US$M)
Asia Pacific Virus Safety Testing Services Market Outlook Share, 2021 & 2028 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
