Pyrogen Testing Market
Globalย Pyrogen Testing Market is estimated to be valued at US$ 979.7 million in 2020 and is expected to exhibit a CAGR of 12.4% over the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Growing product approvals for new technologies is expected to boost the global pyrogen testing market growth over the forecast period. For instance, in May 2018, Indian Pharmacopoeia Commission (IPC), an autonomous institution of Ministry of Health and Family Welfare to set standards of drugs in India, approved the modern, animal-free tests for drug manufacturers. The Indian Pharmacopoeia Commission (IPC) approved bacterial endotoxin test or monocyte activation test, which can be carried out in test tubes.
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Impact of COVID-19 Pandemic
Regulatory authorities are taking various actions to monitor and encourage the development of therapeutics for the COVID-19 treatment. For instance, on April 20, 2020, the U.S. Food and Drug Administration (FDA) launched a special emergency program, Coronavirus Treatment Acceleration Program (CTAP), for possible coronavirus therapies. The Coronavirus Treatment Acceleration Program (CTAP) utilizes all the available methods to provide new treatments to patients as quickly as possible and simultaneously find out whether these methods are helpful or harmful.
Moreover, increasing research and development activities in order to develop drugs for COVID-19 treatment is expected to drive growth of the pyrogen testing market over the forecast period. According to the Coronavirus Treatment Acceleration Program (CTAP) dashboard created by the U.S. Food and Drug Administration (FDA), as of July 31, 2020, more than 570 drug development programs are in planning stage and so far, the U.S. Food and Drug Administration (FDA) has reviewed around 270 trials.
Growing product approvals for new molecule entities (NME) is expected to propel the global pyrogen testing market growth over the forecast period. For instance, in 2018, the U.S. Food and Drug Administration (FDA) approved 59 new molecule entities, which enable new treatment options for patients and advances in health care for people in the U.S.
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๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/promo/buynow/243
Key Takeaways
- The global pyrogen testing market is expected to expand, exhibiting a CAGR 12.4% during the forecast period, owing to rising expenditure on pharmaceuticals. According to the European Federation of Pharmaceutical Industries and Association (EFPIA) report, 2018, an estimated US$ 48,111 million and US$ 82,418 million pharmaceutical expenditure was recorded in 2015 and 2016 respectively, in the U.S.
- On the basis of test type, theย limulus amoebocyte lysate test segment accounted for the largest share in 2019, owing to its reliability and reproducibility.
- On the basis of end user, the pharmaceutical and biotech companies segment accounted for the largest share in 2019, owing to rising requirement of pyrogen across the aforementioned companies.
- Key companies involved in the global pyrogen testing market are Thermo Fisher Scientific, Merck KGaA, Lonza Group, Associates of Cape Cod Inc., Charles River Laboratories Inc., GenScript, WuXi PharmaTech (Cayman), Inc., bioMรฉrieux, Wako Chemicals USA, Inc., Sanquin, Ellab A/S, and Pyrostar
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- PEST Analysis
- Market Dynamics
- Global Pyrogen Testing Market โ Impact of Coronavirus (Covid-19) Pandemic
- Post COVID-19 Market Scenario
- Demand & Supply Impact
- COVID-19 Epidemiology
- Global Pyrogen Testing Market, By Test Type, 2016 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Limulus Amoebocyte Lysate (LAL) Test
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- TAL Test
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Monocyte Activation Test (MAT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Rabbit Pyrogen Test (RPT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Recombinant Factor C Assay (rFC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Introduction
- Global Pyrogen Testing Market, By Product Type, 2016 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Kits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Reagents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Introduction
- Global Pyrogen Testing Market, By End User, 2016 โ 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 โ 2027
- Segment Trends
- Pharmaceutical and Biotech Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Food and Beverages Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 โ 2027, (US$ Mn)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/pyrogen-testing-market-to-surpass-us-19-billion-by-2026-1312
About US:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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