Pune, India -- (SBWire) -- 01/18/2018 --The Global Pyrogen Testing Market is accounted for USD 610.2 million in 2016 growing at a CAGR of 12.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Pyrogen Testing Market
A pyrogen is a foreign particle including endotoxin and other bacterial byproducts that causes a fever in an animal's body. Vaccines and other injectable drugs must be confirmed to be pyrogen free according to regulatory requirements of 21CFR, USP, and EP.
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Major Market Drivers and Restraints:
- Rapid growth and development in pharma & biotech industries.
- Rising number of government initiative and investments in research
- Technological advancements and new product launches
- high degree of consolidation to act as a major barrier for new entrants
Market Segmentation: Global Pyrogen Testing Market
By product, global pyrogen testing market is segmented into kits & reagents, services and instruments.
On the basis of application, global pyrogen testing market is segmented into pharma & biotech companies, biomedical companies and others.
Based on test type, global pyrogen testing market is segmented into LAL tests, in vitro tests and rabbit tests.
LAL test is further sub segmented into chromogenic tests, turbidimetric tests and gel clot tests.
On the basis of geography, global pyrogen testing market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Global Pyrogen Testing Market
The global pyrogen testing market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pyrogen testing market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Pyrogen Testing Market
Some of the major players operating in global pyrogen testing market are Merck KGaA, Thermo Fisher Scientific, Inc., PyrostarWeb, Associates of Cape Cod, Inc., Charles River Laboratories International, Inc., Lonza, Ellab A/S, Hyglos GmbH, GenScript, Wako, WuXi AppTec, Sigma-Aldrich Co. LLC., Pacific BioLabs among others.
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Pyrogen Testing Market 2017-2024: Rapid Growth and Development in Pharma & Biotech Industries
Pyrogen Testing Market Product (Kits & Reagents, Services, Instruments) Application (Pharma & Biotech Companies, Biomedical companies, Others) Test Type (LAL Tests, In Vitro Tests, Rabbit Tests) Geography- Industry Trends and Global Forecast to 2024