North America Virus Safety Testing Services Market Size & Outlook
North America virus safety testing services market, 2016-2028 (US$M)
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North America virus safety testing services market highlights
- The North America virus safety testing services market generated a revenue of USD 257.2 million in 2021.
- The market is expected to grow at a CAGR of 12.2% 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, Canada is expected to register the highest CAGR from 2022 to 2028.
North America data book summary
| Market revenue in 2021 | USD 257.2 million |
| Market revenue in 2028 | USD 577.1 million |
| Growth rate | 12.2% (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, North America region accounted for 38.4% 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.
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Virus Safety Testing Services Market Scope
Virus Safety Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 35.93% in 2021. Horizon Databook has segmented the North America 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.
North America captured a substantial share of the global virus safety testing services market in 2019. Its large share can be attributed primarily to the presence of well-established biotechnology and biopharmaceutical industry in the U.S., which has created a major demand for virus safety testing services in the region.
In addition, extensive R&D initiatives and increasing public-private investments for the development of novel gene therapies, regenerative medicines, vaccines, and plasma proteins have further fueled the need for virus safety testing services, leading to rapid market growth.
Furthermore, biopharmaceutical companies are increasingly outsourcing their R&D, drug development, and manufacturing activities to cut down their expense and increase profit margins. Such rapid adoption of services offered by CROs in the region is expected to further create a lucrative environment for growth of the virus safety testing services market in the region.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America virus safety testing services market , including forecasts for subscribers. This continent databook contains high-level insights into North America virus safety testing services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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North America virus safety testing services market size, by country, 2016-2028 (US$M)
North America Virus Safety Testing Services Market Outlook Share, 2021 & 2028 (US$M)
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