The global
pyrogen testing market is expected to reach a value of USD 1.9 billion by 2025,
according to a new report by Grand View Research, Inc. Increasing demand for
therapeutic drugs including pharmaceuticals, biopharmaceuticals, and biologics
is the major factor that propels growth of the market during forecast period.
Pyrogen is a toxic molecular substance that causes fever if induced in animal
or human body. Pyrogen testing is used by pharmaceutical, biopharmaceuticals,
biotechnology, and medical devices companies to confirm the absence of pyrogen.
Thus, the companies use various methods such as LAL, in vitro pyrogen, and
rabbit test to ensure the quality of products.
Increasing
prevalence of chronic diseases, is another foremost factor supporting the
growth of the pyrogen testing market. The prevalence of chronic diseases is
very high in developed countries and is growing at high pace in developing
countries including China and India. Different factors such as unhealthy diet,
smoking, alcohol consumption, and lack of exercise leads to occurrence of
chronic diseases such as cancer, cardiovascular diseases, diabetes, and chronic
respiratory diseases. Hence, there is a
growing demand for therapeutic drugs and medical devices for the treatment of
such diseases, which in turn is projected to fuel the demand for pyrogen
testing to ensure the quality of products including drugs and devices.
In depth research report on Pyrogen Testing Market
Further key findings from the study suggest:
·
Consumables was the largest revenue grossing segment of
the pyrogen testing market in 2016, owing to the large application of pyrogen
testing kits and reagents along with its repetitive purchase
·
Instruments segment accounted for the remarkable share in
the market in 2016 and is also expected to showcase significant growth during
forecast period, owing to rising demand for pharmaceutical, biologics, and
medical devices for treatment and diagnosis
·
The pharmaceutical and biotechnology companies segment
dominated the pyrogen testing market in terms of revenue in 2016, due to the
large production of therapeutic drugs and growing investment in R&D by
companies for drug development
·
North America is the leading regional market and accounted
for the largest revenue share in 2016 primarily due to the existence of large
number of healthcare companies including pharmaceuticals and medical devices in
this region
·
The Asia Pacific region is anticipated to be the fastest
growing market during the study period. The growing prevalence rate of chronic
diseases in the Asian countries including India and China, is a major factor
contributing to the expansion of market in this region.
·
Some major players serving this vertical include Charles
River Laboratories, Inc.; Ellab A/S; Merck KGaA; GenScript; Hyglos GmbH; Lonza;
Thermo Fisher Scientific, Inc.; Associates of Cape Cod, Inc.; and Pyrostar
Grand View
Research has segmented the pyrogen testing market on the basis of product, test
type, end-use, and region:
Pyrogen Testing Product Outlook (Revenue, USD Million; 2014 - 2025)
·
Consumables
·
Instruments
·
Services
Pyrogen Testing Test Type Outlook (Revenue, USD Million; 2014 - 2025)
·
LAL test
·
Chromogenic test
·
Turbidimetric test
·
Gel clot test
·
In vitro pyrogen test
·
Rabbit test
Pyrogen Testing End-Use Outlook (Revenue, USD Million; 2014 - 2025)
·
Pharmaceutical and biotechnology companies
·
Medical devices companies
·
Others
Pyrogen Testing Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
Browse more research reports of this category:
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
No comments:
Post a Comment