Global Mycoplasma Testing Market Is Estimated To Witness High Growth Owing To Increasing Implementation Of Stringent Regulations For Cell-Based Products
Global Mycoplasma Testing Market |
The Global Mycoplasma Testing Market involves testing biological products for mycoplasma contamination. Mycoplasmas are self-replicating, cell wall-less bacteria that can cause chronic or destructive diseases in humans and other animals. As mycoplasmas can negatively impact biomedical research and cell therapy, stringent regulations have been implemented requiring mandatory mycoplasma testing of cell cultures and biological products. This has driven significant demand for mycoplasma testing over the years.
The Global
Mycoplasma Testing Market Size is estimated to be valued at US$ 997.8 MN in 2024 and is expected
to exhibit a CAGR of 9.7% over the
forecast period 2024 to 2031.
Key players operating in the Global Mycoplasma
Testing Market are Charles River Laboratories International, Merck KGaA, Lonza
Group Ltd, Roche Diagnostics, Thermo Fisher Scientific, Merck, InvivoGen,
Creative Bioarray.
Key Takeaways
Key players operating in the Global Mycoplasma Testing Market Size are Charles River Laboratories
International, Merck KGaA, Lonza Group Ltd, Roche Diagnostics, Thermo Fisher
Scientific, Merck, InvivoGen, Creative Bioarray. These players are focusing on
new product launches and mergers & acquisitions to expand their market
share.
Key opportunities:
Increasing investments in cell-based research, rising demand for novel
biologics and biosimilars, and growing preference for outsourcing services are
expected to present lucrative growth opportunities for players in the market.
Global expansion:
The major players are expanding their presence in high-growth markets like Asia
Pacific and Latin America to tap the sizeable opportunities offered by these
economies. Strategic collaborations with regional players will aid their
expansion plans.
Market drivers:
Stringent regulatory norms mandating mycoplasma screening before release of
biological products are a key driver for the market. Rising R&D investments
into cell therapies and recombinant proteins will further bolster demand.
Growing prevalence of chronic diseases is also expected to propel the
mycoplasma testing market during the forecast period.
PEST
Analysis
Political: Healthcare policies regarding screening and testing regulations in
different countries impacts demand. Regulations determine acceptable detection
methods and compliance.
Economic: Testing costs and healthcare budgets influence testing adoption
rates. Sensitivity around cost-effectiveness and reimbursement determines
market potential.
Social: Disease incidence, health awareness, and social stigmas affect
screening needs. Social beliefs around disease treatment and prevention shape
market demand.
Technological: Assay development advances detection capabilities. Automation
increases throughput while reducing turnaround times and manual errors.
Adoption of multiplexing and companion diagnostics expands applications.
Geographical Regions of Concentration
North America accounts for the largest geographical market share in terms of
value. This is attributed to established healthcare infrastructure, access to
advanced technologies, and stringent regulatory guidelines regarding disease screening
and testing. The United States dominates the North American market.
Fastest Growing Region
The Asia Pacific region is expected to witness the highest growth rate over the
forecast period owing to growing healthcare expenditures, increasing awareness
regarding infectious diseases, developing healthcare systems, and expanding
patient access to diagnostics. Rapid economic development and improving
healthcare infrastructure across developing nations such as India and China are
contributing to regional market growth.
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