Technological Advancements Drive Global Biomanufacturing Viral Detection Market with 9.37% CAGR during 2023-2032 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Biomanufacturing Viral Detection and Quantification Market – A Global and Regional Analysis: Focus on Offering Type, Technology, Application, End User, and Region – Analysis and Forecast, 2023-2032” report has been added to ResearchAndMarkets.com’s offering.

The global biomanufacturing viral detection and quantification market, valued at $0.474 billion in 2022, is projected to witness substantial growth, reaching $1.15 billion by 2032 at a CAGR of 9.37% during the forecast period 2023-2032.

The market is expected to be driven by the increasing utilization of biopharmaceutical products and technological advancements in the viral testing industry.

Market Segmentation

• Offering Type: Consumables, Instruments, Services

  • The consumables segment dominated the market in 2022, fueled by the growing adoption of kits, assays, and accessories for viral testing during biomanufacturing processes.

• Technology: PCR, ELISA, Flow Cytometry, Plaque Assay, Others

  • PCR, a widely-used molecular biology technique, held the major share in 2022 due to its effectiveness in identifying and measuring viral nucleic acids during biopharmaceutical production.

• Application: Blood and Blood Products Manufacturing, Vaccines and Therapeutics Manufacturing, Cellular and Gene Therapy Products Manufacturing, Stem Cell Products Manufacturing, Tissue and Tissue Products Manufacturing

  • The blood and blood products manufacturing segment led the market in 2022, as viral testing is crucial in verifying the safety and quality of these biomanufactured products.

• End User: Life Science Companies, Testing Laboratories, CROs and CDMOs

  • The life science companies segment accounted for the largest share in 2022, emphasizing the importance of viral detection and quantification in medication development, production, and evaluation.

• Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

  • North America held the largest share (38.72%) in 2022, owing to the presence of key players and increased funding. Asia-Pacific is expected to grow at the highest CAGR of 10.47% during 2023-2032, driven by continuous R&D and a supportive regulatory landscape.

Market Dynamics

• Demand Drivers: Rising utilization of biopharmaceuticals and technological advancements in viral detection and quantification.
• Market Restraints: High cost of advanced viral detection equipment and lack of trained professionals in viral detection and quantification.
• Market Opportunities: Increasing need for viral contamination considerations in the development of cell and gene therapies.

Key Market Players and Competition Synopsis

• Danaher Corporation
• Merck KGaA
• New England Biolabs
• TAKARA HOLDINGS INC.
• Thermo Fisher Scientific Inc.
• Agilent Technologies, Inc.
• Sartorius AG
• Charles River Laboratories
• Bio-Rad Laboratories, Inc.
• PerkinElmer, Inc.
• Promega Corporation
• QIAGEN N.V.
• Genscript Biotech Corporation
• Norgen Biotek Corp.

Key Attributes:

For more information about this report visit https://www.researchandmarkets.com/r/q9rwi7

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