With the emergence and long-term Impact of COVID-19, Global Pyrogen Testing Market to reach USD 2508.7 Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Pyrogen Testing Market points towards a potential rise to USD 2508.7 Million by 2030. Pyrogen testing often performed to identify pyrogen contamination in pharmaceutical dosage forms and medical equipment. Following delivery, pyrogen-contaminated injections can result in a variety of life-threatening issues, including shock, fever, inflammation, and body aches. The market growth is driven by key factors such as rising R&D Expenditure in Life Science, rapid Growth in Pharmaceutical and Biotechnology Industries, and increased chronic disease burden. According to Statista, A total of USD 285 billion were invested in life sciences agreements globally in 2020.
Additionally, the pharmaceutical sector spent a total of USD 238 billion on research & development globally in 2021. In contrast, R&D costs came to USD 207 billion in 2020. Also, the World Health Organization (WHO) states that chronic diseases are the primary reason for global mortality. In 2019, ischemic heart disease alone accounted for approximately 8.89 million deaths. Collectively, cardiovascular diseases result in around 17.9 million fatalities each year. Moreover, the rise in the incidences of infectious diseases and research and development enhanced global market opportunities in Pyrogen Testing Market. However, stringent Government Regulations stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Pyrogen Testing market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is leading the global market share owing to increasing number of pharmaceutical and biopharmaceutical companies. However, APAC is expected to be the fastest growing region due to the availability of less stringent government regulations for drug development in the region.
The global Pyrogen Testing market is highly competitive owing to the presence of several key players such as Microcoat Biotechnologie GmbH Lonza Group Merck Kgaa Thermo Fisher Scientific Inc. Fujifilm Holdings Corporation (FUJIFILM Wako Pure Chemical Corporation) WUXI Pharmatech (Cayman) Inc. Eurofins Scientific Microcoat Biotechnologie GmbH Sotera Health (Nelson Laboratories LLC) Sanquin Health Solution, and others.
For further analysis on this or to request a sample copy of this report, please click the link mentioned below:
Key findings of the study suggest:
- Global Pyrogen Testing Market is anticipated to grow with a healthy growth rate of more than 9.8% over the forecast period 2023-2030.
- In the Product segment, Kits and Reagents emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the increasing number of pharmaceutical and biopharmaceutical companies.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Kits and Reagents
- Services
- Instruments
By Test Type:
- LAL Tests
- Rabbit Pyrogen Test
- Monocyte Activation Test
- Other Test Types
By End User:
- Pharmaceutical and Biotechnology Companies
- Medical Device Companies
- Other End Users
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com
About Us
Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
Contact US
Global Business Development
Phone: +1 209 498-3066
Email: Sales@bizwitresearch.com
Website: www.bizwitresearch.com
