U.S. Virus Safety Testing Services Market Size & Outlook
U.S. virus safety testing services market, 2016-2028 (US$M)
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U.S. virus safety testing services market highlights
- The U.S. virus safety testing services market generated a revenue of USD 228.3 million in 2021 and is expected to reach USD 505.9 million by 2028.
- The U.S. market is expected to grow at a CAGR of 12% 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.
Virus safety testing services market data book summary
| Market revenue in 2021 | USD 228.3 million |
| Market revenue in 2028 | USD 505.9 million |
| Growth rate | 12% (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 |
Other key industry trends
- In terms of revenue, U.S. accounted for 34.0% of the global virus safety testing services market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. virus safety testing services market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 71.2 million by 2028.
Key Regions: Japan , Canada , China , Australia , South Korea
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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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U.S. 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 35.83% in 2021. Horizon Databook has segmented the U.S. 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.
Its dominant share can be attributed to the established biopharmaceutical industry, increasing R&D investments for development of new biological drugs, and strong local presence of major global players.
In addition, a high prevalence of diseases such as cancer and diabetes has served as a significant contributing factor in enabling wide-scale drug development & commercialization by major biopharmaceutical companies.
In addition, healthcare organizations such as the FDA and the U.S. Department of Health and Human Services, as well as CDC and National Institutes of Health, consistently strive to improve biological & microbiological safety testing standards for biomedical laboratories through formulation & enforcement of stringent regulatory guidelines.
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Target buyers of U.S. virus safety testing services market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the U.S. virus safety testing services market , including forecasts for subscribers. This country databook contains high-level insights into U.S. virus safety testing services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. virus safety testing services market size, by test type, 2016-2028 (US$M)
U.S. Virus Safety Testing Services Market Outlook Share, 2021 & 2028 (US$M)
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