Press Release
Press Release
The market for biological safety testing is driven by the stringent government regulations across various countries to bolster the safety and sanitation of healthcare settings. This can be attributed to the rising cases of hospital acquired contaminations, especially among the geriatrics. In addition to this, the increasing prevalence of cancer and diabetes mellitus is anticipated to augment the market growth in the forecast period. Moreover, the advancements in gene therapy, supported by the growing research and development activities, are likely to propel the demand for these tests in the forecast period.
Charles River Laboratories, Inc. (NYSE: CRL), one of the leading market players, offers a detection tool known as EndoScan-V™. The tool is an endotoxin analysis and measuring software that delivers and reports quantitative test data, further helping achieve the long-term safety of a manufacturing environment.
In terms of region, North America is likely to account for a significant share of the market and is anticipated to witness a healthy growth in the forecast period. The market in the region is driven by the rising cases of chronic disorders, rising demand for safety testing kits in hospitals and clinics, and the growing awareness pertaining to the product safety especially after the outbreak of COVID-19. Furthermore, the growing FDA approvals of various biosimilars in the region are anticipated to further augment the market growth in the coming years.
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The major players in the global biological safety testing market are Charles River Laboratories International, Inc., Toxikon Corporation, Avance Biosciences, Merck KGaA, and SGS SA, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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