As per the new report by Grand View Research Inc., the global Mycoplasma Testing Market estimated to be valued at USD 1.87 billion by 2027. It is expected to witness a 14.9% CAGR in the period of forecast.
Rising funds for the activities of R&D have added enormous income for the market. Increasing induction of fresh technologies, by the key players is projected to increase the development of the market for Mycoplasma testing. Growth in the infectivity of cell culture is likewise an additional factor, powering the development.
The infectivity of cell culture is an increasing concern for the majority of the researchers. Mycoplasma infectivity happens majorly from the persons working in the laboratories because Mycoplasma infectivity happens more rapidly to the humans. The Mycoplasma testing is done with the intension of combating with the contamination. This is projected to boost the demand for the associated products and therefore the development of the market for Mycoplasma testing.
The requirements for the products of Mycoplasma testing are expected to go up in the near future, by way of increasing investments for R&D activities in life sciences. In this sector, enormous openings are impelling the development of the market. Growing asset in the biotechnology and pharmaceutical industries along with the increase in healthcare expenditure are estimated to additionally power the development of the market for Mycoplasma testing. Pressure of decreasing prices due to the nature of its product is expected to impede the development of the market for Mycoplasma testing in the period of forecast.
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Effect of Covid-19:
The worldwide eruption of Covid-19 has forced a number of companies, working in the healthcare sector to concentrate on the discovery of the treatment for this catastrophe. There has been a huge rise in the emergence of biotechnology and pharmaceutical companies and those are concentrating on the research work of vaccine for Covid-19. The resultant is growing demand for the Mycoplasma testing to recognize and eradicate infectivity of Mycoplasma for the duration of the development of cell derivative pharmaceutical and biological products. Yet, the global eruption of Covid-19 is likely to take a neutral effect on the development of the market for Mycoplasma testing for the period of forecast.
Key Takeaways from the report:
- Owing to the increasing activities of research, in the development and discovery of the drug, the biotechnology and pharmaceutical companies were accounted for the biggest share of Mycoplasma testing, in 2019.
- Caused by the growing hazard of cell line infectivity, the testing of cell line is expected to show the uppermost CAGR in the period of forecast.
- In 2019, the sector of Polymerase Chain Reaction (PCR) detained the biggest share of the market due to the deliverance of precise and speedy outcomes; those are linked with this technology.
- Due to its growing usage in Mycoplasma testing, in 2019, kits and regents dominated the market and furthermore are likely to display a positive CAGR, in the period of forecast.
- Because of the funding by the government for the life science related research activities, the North America dominated the market in 2019.
- Credited to the growth in the healthcare expenditure together with the escalation in demand for the superior infrastructure, in clinical and laboratory research, the Asia Pacific is projected to develop by a substantial CAGR
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Some of the important companies for Mycoplasma Testing Market are:
- In vivo Gen.
- Charles River Laboratories International, Inc.
- Promo Cell GmbH
- Lonza Group Ltd.
- Thermo Fisher Scientific
- Biological Industries Israel Beit Haemek Ltd.
- Merck KGaA
- Bionique Testing Laboratories, Inc.
- ATCC (American Type Culture Collection)
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Grand View Research has segmented the global mycoplasma testing market on the basis of product, technology, application, end use, and region:
Mycoplasma Testing Product Outlook (Revenue, USD Million, 2016 – 2027)
- Kits & Reagents
- PCR Assays
- Nucleic Acid Detection Kits
- Elimination Kits
- Standards & Controls
Mycoplasma Testing Technology Outlook (Revenue, USD Million, 2016 – 2027)
- Direct Assay
- Indirect Assay
- Microbial Culture Techniques
- Enzymatic Methods
Mycoplasma Testing Application Outlook (Revenue, USD Million, 2016 – 2027)
- Cell Line Testing
- Virus Testing
- End of Production Cells Testing
Mycoplasma Testing End-use Outlook (Revenue, USD Million, 2016 – 2027)
- Academic Research Institutes
- Cell Banks
- Contract Research Organizations
- Pharmaceutical & Biotechnology Companies
Mycoplasma Testing Regional Outlook (Revenue, USD Million, 2016 – 2027)
- North America
- Asia Pacific
- South Korea
- Latin America
- South Africa
- Saudi Arabia
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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