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Pyrogen Testing Current Growth Analysis With Thermo Fisher Scientific, Associates of Cape Cod, GenScript, Charles River Laboratories International, Lonza Group, Microcoat Biotechnologie GmbH, Hyglos GmbH

06-11-2019 08:15 AM CET | Health & Medicine

Press release from: persistencemarketresearch.com

Pyrogen Testing Current Growth Analysis With Thermo Fisher

North America is likely to lead the global market for pyrogen testing throughout the forecast period. North America is projected to bring in more than US$ 500 Million revenue by 2024 end. Discovery and development of new drugs, rise in a number of biologic products, and increasing investment by government in healthcare and pharmaceutical industry are some of the factors driving the growth of the pyrogen testing market in the region. However, stringent regulations and approval policies are likely to restrict the growth of the market in North America.

Some of the leading companies in the global market for pyrogen testing are Thermo Fisher Scientific, Inc., Associates of Cape Cod, Inc., GenScript, Merck & Co., Inc., Charles River Laboratories International, Inc., Lonza Group, Microcoat Biotechnologie GmbH, Hyglos GmbH, and Wako Chemicals USA, Inc.

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Pyrogen is a type of microbial and non-microbial substance that causes fever. Hence, pyrogen testing is conducted to measure the presence of pyrogen that causes fever. Medical devices manufacturers and pharmaceutical companies also focus on conducting pyrogen testing to assess the concentration level of pyrogen, to ensure that it is within the prescribed limit. Moreover, regulatory bodies across the globe are also introducing regulations to ensure public safety. Majority of the countries have also made it mandatory for manufacturers to ensure that concentration limit of pyrogen does not exceed the recommended level.

The market for pyrogen testing is also being driven by the recent developments in biotechnology and pharmaceutical industry. Various types of test are being used by companies for testing the level of pyrogen. Companies are also investing in the research and development activities and quality assurance to ensure producing quality drugs. Technological advancement and initiative by governments of different countries for controlling the increasing prevalence of various diseases are also resulting in the growth of pyrogen testing. Most widely known pyrogens are Lipopolysaccharides, which are considered as cell wall components of gram-negative bacteria. Well-established research and development facility and government support are also resulting in the development of advanced medical devices and novel drugs.

As per the report by Persistence Market Research (PMR), the global market for pyrogen testing is likely to witness robust growth during the forecast period 2017-2024. Towards the end of 2024, the global pyrogen testing market is projected to exceed US$ 1,000 Million revenue.

To report offers detail on the market size along with the expected revenue to be generated by during 2017-2024. To offer the perfect forecast, the report includes market size, which forms the basis on how the market is likely to perform in the coming years. Outcome based on the demand side, supply side, and micro and macro-economic factors are also provided in the report. The report also provides data in form of CAGR, revenue, year-on-year growth, this helps in understanding the current and future scenario in the market and to identify growth opportunities in the global pyrogen testing market.

The level of information is important for identifying various key trends in the market. Hence, the report provides Porter’s five force analysis, market attractiveness analysis, and SWOT analysis. Another important part of the report is to analyze all the key segments in terms of absolute dollar opportunity. Incremental opportunity is crucial to assess the level of opportunity and also to identify resources in terms of sales in the global market for pyrogen testing.

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Mounting concerns over the provision of illicit drugs in developing and under-developed countries are expected to restrain the growth of animal healthcare market. Illegal drugs are unregistered and falsified, counterfeit products, and unapproved parallel imports. This also includes illegal autogenous vaccines and compounded pharmaceuticals.

These products are not manufactured or used appropriately in accordance with regulations. The risk of illegal medicines is not only due to lack of efficacy and safety of animals but they also affect the sale of approved drugs. Use of counterfeit medicines for animal health, which are usually cheap and of low quality, has a strong negative impact on the branded drugs market. Trend of counterfeit medicines is more commonly seen in under-developed and developing countries and as a result, the demand of the approved medicines witness a decline.

Table of Content

1. Executive Summary
2. Introduction
2.1. Pyrogen Testing Market Definition
2.2. Pyrogen Testing Market Taxonomy

3. Pyrogen Testing Market Analysis Scenario
3.1. Market Size (US$ Mn) Value and Volume and Forecast
3.1.1. Market Size and Y-o-Y Growth
3.1.2. Absolute $ Opportunity
3.1.3. Value Chain

4. Pyrogen Testing Market Dynamics
4.1. Macro-economic Factors Affecting Global Pyrogen Testing Market
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
4.5. Forecast Factors – Relevance and Impact

5. Global Pyrogen Testing Market Analysis and Forecast, By Test Type
5.1. Introduction - Definition
5.1.1. Basis Point Share (BPS) Analysis By Test Type
5.1.2. Y-o-Y Growth Projections By Test Type
5.2. Market Size (US$ Mn) Value and Forecast By Test Type

5.2.1. Recombinant Factor C Assay
5.2.2. Monocyte Activation Assay
5.2.3 Limulus Amebocyte Lysate
5.2.4 Rabbit Pyrogen Test
5.3. Market Attractiveness Analysis By Test Type

6. Global Pyrogen Testing Market Analysis and Forecast, By Application
6.1. Introduction – Definition
6.1.1. Basis Point Share (BPS) Analysis By Application
6.1.2. Y-o-Y Growth Projections By Application
6.2. Market Size (US$ Mn) Value and Forecast By Application

6.2.1. Injections
6.2.2. Vaccines
6.2.3 Tablets
6.2.4 Medical Devices
6.2.5 Others
6.3. Market Attractiveness Analysis By End User

7. Global Pyrogen Testing Market Analysis and Forecast, By End User
7.1. Introduction – Definition
7.1.1. Basis Point Share (BPS) Analysis By End User
7.1.2. Y-o-Y Growth Projections By End User
7.2. Market Size (US$ Mn) Value and Forecast By End User

7.2.1. Pharmaceutical Industry
7.2.2 Biotechnology Industry
7.2.3 Medical Devices Industry
7.2.4. Others
7.3. Market Attractiveness Analysis By End User

Full Report @ https://www.persistencemarketresearch.com/market-research/pyrogen-testing-market.asp

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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