USD 298.91 Million
Report ID:
SQMIG35I2219 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
66 |
Figures:
75
Global Mycoplasma Testing Market size was valued at USD 298.91 Million in 2022 and is poised to grow from USD 340.76 Million in 2023 to USD 972.04 Million by 2031, at a CAGR of 14% during the forecast period (2024-2031).
The purpose of the mycoplasma testing market is to provide reliable, accurate, and efficient tools and services for detecting and preventing Mycoplasma contamination in various settings. The market encompasses various types of products, including kits, reagents, instruments, and software, as well as laboratory services, such as testing, validation, and consulting. The mycoplasma testing market serves various industries, including biotechnology, pharmaceuticals, academic research, and clinical diagnostics.
The mycoplasma testing market is driven by several factors, including the growing demand for biopharmaceuticals and cell-based therapies, increasing awareness of the risks and consequences of mycoplasma contamination, and the emergence of advanced technologies and platforms for mycoplasma testing. In addition, the regulatory requirements and guidelines for mycoplasma testing have become more stringent and standardized, creating a need for more robust and efficient testing solutions. The mycoplasma testing market also faces several restraining factors, such as the high cost of testing products and services, the lack of standardization and harmonization of testing methods, and the limited availability of skilled personnel and infrastructure for mycoplasma testing. The mycoplasma testing market also faces several challenges, such as the need for continuous innovation and improvement of testing products and services to keep up with the evolving needs and demands of customers and regulators. The market also needs to address the issues of false-positive and false-negative results, cross-reactivity with other contaminants, and the potential for genetic variability and adaptation of mycoplasma strains. The mycoplasma testing market presents various opportunities for growth and expansion, such as the development of new testing technologies and platforms, the expansion of the market to new geographies and industries, and the integration of mycoplasma testing with other quality control and assurance systems. The market can leverage the growing trend of digitization and automation of laboratory workflows and data management to enhance the efficiency and accuracy of Mycoplasma testing.
US Mycoplasma Testing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 298.91 Million
Largest Segment
Cell Line Testing
Fastest Growth
Cell Line Testing
Growth Rate
14% CAGR
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The global mycoplasma testing market is segmented on the application, end-use and region. By application, the market is segmented into cell line testing, virus testing, end of production cells testing, others. By end-use, the market is segmented into academic research institutes, cell banks, contract research organizations, pharmaceutical & biotechnology companies, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Mycoplasma Testing Market Analysis by Application
In 2022, the cell line testing segment accounted for the largest share of 42.3% as well as the fastest growth rate During the forecast period, owing to the increase in research projects being done in the field of cell culture. The Canadian Institutes of Health Research (CIHR), the country's official funding body for health research, has given roughly USD 981 million in assistance to numerous Canadian health researchers. Several Canadian life science enterprises, including small and medium-sized businesses engaged in product development and innovation, are receiving technical help from the National Research Council's Industrial Research and Assistance Programme (NRC-IRAP).
Cell culture is also predicted to see the biggest growth during the projection period due to an increase in mycoplasma contamination. Contamination with mycoplasma can result in the creation of toxins and modifications to the production of metabolites in cell culture. In the biopharmaceutical and pharmaceutical industries, cell line testing and authentication are accorded the utmost importance.
Mycoplasma Testing Market Analysis by End-use
In 2021, The pharmaceutical and biotechnology companies segment received the highest revenue shares of 36.2%, as well as the fastest CAGR throughout the forecast period. due to the substantial R&D investments made by these companies, which have facilitated improvements in the field of medication development research. To manage biological safety, these businesses conduct quality checks on raw materials. The prevalence of diseases like psoriasis and rheumatoid arthritis is increasing, which is fueling the expansion of the biopharmaceutical sector. Contract research organizations (CROs) are expected to increase profitably throughout the anticipated period due to the growing research services given by these companies. They require the use of mycoplasma tests, confirming the standard of the outsourced testing services, to guarantee the sterility of cultures used in preclinical research and biopharmaceutical development.
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In 2022, North America dominated the market and accounted for a revenue share of 40.0%. Due to the well-established healthcare sector in this business and the increased prevalence of respiratory illnesses, market share growth is predicted. The existence of multinational pharmaceutical and biotech corporations in the area, as well as increased investment in R&D operations, are other factors contributing to the growth of this region.
Asia Pacific is estimated to see an exponential CAGR during the anticipated time period due to rising healthcare expenses and the need for improved infrastructure for laboratory and clinical research. Additionally, it is anticipated that regulatory policies promoting improvements in biosafety quality would foster future growth potential in healthcare companies. The Indian government is putting various strategic initiatives into place to stimulate more research and innovation for the creation of new medications, which will spur market expansion.
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Mycoplasma Testing Market Drivers
Increasing Demand for Biopharmaceuticals and Cell-based Therapies
Rising Awareness of the Risks and Consequences of Mycoplasma Contamination
Mycoplasma Testing Market Restraints
High Cost of Testing Products and Services
Lack of Standardization and Harmonization of Testing Methods
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The nature of the global mycoplasma testing market is highly competitive owing to the presence of several established players and new entrants. The market players are focusing on developing advanced technologies and solutions, expanding their product portfolios, and establishing strategic partnerships and collaborations to strengthen their position in the market. The Mycoplasma testing market is expected to continue to grow and evolve, driven by technological advancements, increasing demand for biopharmaceuticals and cell-based therapies, and stringent regulatory requirements. The market players are likely to continue to invest in R&D and innovation to develop more efficient, accurate, and cost-effective testing solutions to meet the growing demand from customers.
Mycoplasma Testing Market Top Player’s Company Profiles
Mycoplasma Testing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global mycoplasma testing market analyses, the increasing incidence of mycoplasma contamination in cell cultures, the growing demand for biopharmaceuticals, and the increasing focus on quality control in the biotechnology and pharmaceutical industries. The primary factors driving the market is the increasing incidence of mycoplasma contamination in cell cultures. Mycoplasma contamination is a common problem in cell culture-based research and manufacturing, with studies estimating that up to 36% of cell lines used in research may be contaminated with mycoplasma. This can result in significant negative effects on experimental results and product quality, leading to increased demand for mycoplasma testing solutions. Another factor driving the market is the growing demand for biopharmaceuticals. Biopharmaceuticals, such as monoclonal antibodies and recombinant proteins, are an increasingly important segment of the pharmaceutical industry. However, biopharmaceutical production often involves the use of cell cultures, which are susceptible to Mycoplasma contamination. This has led to increased demand for Mycoplasma testing solutions to ensure the safety and efficacy of biopharmaceutical products.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 298.91 Million |
Market size value in 2031 | USD 972.04 Million |
Growth Rate | 14% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Mycoplasma Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mycoplasma Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Mycoplasma Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Product ID: SQMIG35I2219