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Global Mycoplasma Testing Market Production, Sales, Consumption And Growth By 2027

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Daniel Lewis
Global Mycoplasma Testing Market Production, Sales, Consumption And Growth By 2027

The global mycoplasma testing market size is expected to reach a value of USD 1.87 billion by 2027, expanding at a CAGR of 14.9%, according to a new report by Radiant Insights, Inc. The demand for mycoplasma testing products is anticipated to rise in near future with growing R&D investments in the field of life sciences. Huge opportunities in the life sciences segment are spurring the market growth. Rising investment in biotechnology and pharmaceutical industries with rise in healthcare spending is expected to further fuel the growth.

Government initiatives in the form of awareness campaigns for chronic diseases, such as cancer are also encouraging research-based activities. The National Research Council’s Industrial Research and Assistance Program (NRC-IRAP) provides technological support to small and medium scale life science companies in Canada involved in product development and innovation. According to Saudi Arabia’s 2030 Vision, its government is promoting growth of pharmaceutical industries due to the fact that only 30% of its medication requirements are produced locally. Such factors are expected to drive the market growth.

Download Free Sample Report @ https://www.radiantinsights.com/research/mycoplasma-testing-market/request-sample

Mycoplasma contamination of cell culture is a growing concern for most of the researchers for decades. Mycoplasma infection arises majorly from laboratory workers as human mycoplasma contamination occurs at a faster rate. In order to combat further contamination, mycoplasma tests are conducted, which is expected to increase the demand for the related products and hence, the market growth.

Further key findings from the study suggest:

• In 2019, kits and reagents dominated the market and is also expected to showcase the highest CAGR over the forecast period, owing to its increasing usage in mycoplasma tests

• The Polymerase Chain Reaction (PCR) segment held the largest market share in 2019 owing to the delivery of fast and accurate results associated with this technology

• Cell line testing is anticipated to exhibit the highest CAGR over the forecast period due to the increasing risk of cell line contamination

• In 2019, pharmaceutical and biotechnology companies accounted for the largest mycoplasma testing market share due to rising research activities in drug discovery and development

• North America dominated the market in 2019 owing to rising healthcare spending levels and government funding for life science-related research

• Asia Pacific is expected to expand at an exponential CAGR during the forecast period, attributed to increase in healthcare spending along with rise in demand for better infrastructure in laboratory and clinical research

• Some of the key market players are Merck KGaA; Thermo Fisher Scientific; Lonza Group Ltd.; Charles River Laboratories International, Inc.; PromoCell GmbH; and Bionique Testing Laboratories, Inc.

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/mycoplasma-testing-market

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
1.2 Market definition
1.3 Information procurement
1.3.1 Purchased database
1.3.2 Radiant Insights internal database
1.3.3 Secondary sources & third party perspectives
1.3.4 Primary research
1.4 Information analysis
1.4.1 Data analysis models
1.5 Market formulation & data visualization
1.6 Data validation & publishing

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights

Chapter 3 Mycoplasma Testing Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration and Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Increasing R&D investments in life sciences
3.3.1.2 Rising government support towards pharmaceutical and biotechnology industries
3.3.1.3 Rising cell culture contamination
3.3.1.4 Growing demand for the introduction of effective treatment of life-theratening diseases
3.3.2 Market Restraint Analysis
3.3.2.1 High cost of research in cell biology
3.3.2.2 Slow rate of mycoplasma growth
3.3.2.3 Possibility of false negative results
3.3.3 Industry challenges

Continued…

Read all Reports of this category @ https://www.radiantinsights.com/catalog/biotechnology

About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: [email protected]
Website: https://www.radiantinsights.com/

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