Market revenue in 2021 | USD 41.6 million |
Market revenue in 2028 | USD 102.7 million |
Growth rate | 13.8% (CAGR from 2021 to 2028) |
Largest segment | Adventitious virus tests |
Fastest growing segment | Adventitious Virus Tests |
Historical data | 2016 - 2020 |
Base year | 2021 |
Forecast period | 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: U.S. , Canada , 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 36.06% in 2021. Horizon Databook has segmented the Japan 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.
Japan accounted for a significant market share and is expected to show a high growth rate throughout the forecast period, owing to well-established biopharmaceutical industry in the region. The local presence of leading biopharmaceutical manufacturers, such as Novartis, Takeda, Daiichi Sankyo, Pfizer, Otsuka, MSD, and GSK, creates a major scope for virus safety testing services in the country.
In addition, emergence of regional biopharma companies in Japan, involved in conducting wide-scale safety procedures for cellular and tissue-based products, is responsible for widened base of growth. In addition, efficient compliance and implementation of safety testing procedures for pharmaceutical products, as defined by the Japanese regulatory authority, is presumed to be the foremost factor for the country garnering a greater share in Asia Pacific virus safety testing services market.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan virus safety testing services market , including forecasts for subscribers. This country databook contains high-level insights into Japan virus safety testing services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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