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.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/pyrogen-testing-market
http://www.grandviewresearch.com/industry-analysis/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
About Us:
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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