Press Release-Pyrogen Testing Market to Reach Valuation of USD 3.2 Billion by 2030 – Growing Demand for Pyrogen Testing Products Within the Pharmaceutical and Biotechnology Sectors Drives the Market
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Pyrogen Testing Market to Reach Valuation of USD 3.2 Billion by 2030 – Growing Demand for Pyrogen Testing Products Within the Pharmaceutical and Biotechnology Sectors Drives the Market
In terms of revenue, the Global Pyrogen Testing Market Market is expected to reach USD 3.2 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 13.2% from 2023 to 2030.
has become a crucial practice employed by pharmaceutical, biotechnology, and various drug manufacturing companies to ensure the safe production and release of products free from contamination into the market. In the realm of biotechnology, it plays a pivotal role in supporting research and development endeavors aimed at pioneering new healthcare and biological applications. Consequently, it is poised to emerge as a critical factor in identifying microbial presence or metabolites in drugs during manufacturing.
The escalating demand for products and establishing strategic partnerships are expected to drive market growth. For example, Fujifilm Wako Chemicals offers specialized instruments for endotoxin testing, such as the Toxinometer ET-6000. This instrument incorporates three primary testing methods: Gel-clot, KTA (Kinetic Turbidimetric Assay), and KCA (Kinetic Chromogenic Assay). Notably, the Toxinometer's capacity to initiate a new assay while another is still running streamlines the testing process, facilitating sample retesting. Furthermore, Fujifilm Wako Chemicals planned the launch of the Toxinometer ET-7000 Series in 2019, featuring a user-friendly computer-operated design. These product innovations contribute significantly to market expansion.
Key Highlights from the Report
Market Dynamics
The market is primarily propelled by the growing demand for products within the pharmaceutical and biotechnology sectors, coupled with an uptick in research and development investment within the life sciences industry. The emergence of the COVID-19 pandemic has further heightened the demand for techniques over the past decade, driven by the escalating prevalence of infectious diseases. This surge in infectious diseases is expected to continue during the forecast period, consequently driving the demand for . The utilization of endotoxin identification products has played a crucial role in enhancing the management of infectious diseases, particularly in regions with limited healthcare infrastructure. This positive impact on disease management has spurred an increased adoption of products, contributing to the market's growth.
Moreover, the substantial increase in research and development expenditure has played a pivotal role in propelling overall market growth. According to the 2019 European Federation of Pharmaceutical Industries and Associations (EFPIA) report, the pharmaceutical industry in Europe invested approximately EUR 36,500 million in research and development in 2018. Thanks to the burgeoning pharmaceutical and biotechnology industries, the Pyrogen Testing Market is anticipated to grow at a high rate. In essence, remains an indispensable practice for pharmaceutical, biotech, and drug manufacturing companies, ensuring the integrity of their products as they enter the market.
North America is accounted to dominate the global Pyrogen Testing Market in terms of market share. This dominance in the North American Pyrogen Testing Market results from several factors, including significant investments in biopharmaceutical and pharmaceutical research, increased drug approvals, the development of pharmaceutical drug pipelines, and raised consumer awareness of product safety.
The Global Pyrogen Testing Market is Segmented as follows
List of the Key Players of the Global Pyrogen Testing Market is
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The Global Pyrogen Testing Market Scope can be Tabulated as below
Parameter | Details |
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Market Size Provided for Years | 2016-2028 |
Base Year | 2021 |
Historic Years | 2016-2020 |
Forecast Years | 2022-2028 |
Segments Covered |
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Region & Counties Covered |
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Companies Covered |
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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Pyrogen Testing Market to Reach Valuation of USD 3.2 Billion by 2030 – Growing Demand for Pyrogen Testing Products Within the Pharmaceutical and Biotechnology Sectors Drives the Market
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