Market revenue in 2021 | USD 199.0 million |
Market revenue in 2028 | USD 465.7 million |
Growth rate | 12.9% (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 |
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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 36.33% in 2021. Horizon Databook has segmented the Europe 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.
Europe held the second-largest share in 2019, which can be attributed to an increase in government initiatives that promote awareness about virus safety testing in biological products. In addition, the presence of major healthcare organizations such as the EMA, working to enforce major virus safety standards and ensure patient safety, is anticipated to boost the adoption of virus safety testing services.
For instance, the European Medical Device Directives are believed to have a greater influence on implementation of defined imperative regulations to meet growing safety requirements, thus, translating to improved biological safety and contributing to overall growth of the regional market.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe virus safety testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe virus safety testing services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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