Global Pyrogen Testing Market, by Test Type (Limulus Amoebocyte Lysate Test, TAL Test, Monocyte Activation Test, Rabbit Pyrogen Test, and Recombinant Factor C Assay), by Product Type (Instruments, Kits, and Reagents), by End User (Pharmaceutical and Biotech Companies, Food and Beverages Companies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 689.9 million in 2017, and is projected to exhibit a CAGR of 12.4% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights.
Increasing launch of advanced devices by market players to augment the market growth
Key players in the market are focused on development of devices for detection of pyrogen in pharmaceutical products. For instance, in March 2014, Pyrosate rapid endotoxin detection kit developed by Associates of Cape Cod, Inc., received approval from the Food and Drugs Administration (FDA) for performing endotoxin assays.
Similarly, in May 2018, bioMérieux announced the launch of ENDOZYME II GO, which enables detection of endotoxin testing in pharmaceutical water grades, parenteral drugs, and other pharmaceutical products. Moreover, high investment in research & development and quality assurance by key players is expected to boost the market growth. For instance, in October 2014, new research and development center was inaugurated by bioMérieux for development of new diagnostic solutions in microbiology and increase the efficiency of laboratory procedures.
Browse 23 Market Data Tables and 26 Figures spread through 153 Pages and in-depth TOC on ‘Pyrogen Testing Market’- Global Forecast to 2026, by Test Type (Limulus Amoebocyte Lysate Test, TAL Test, Monocyte Activation Test, Rabbit Pyrogen Test, and Recombinant Factor C Assay), by Product Type (Instruments, Kits, and Reagents), by End User (Pharmaceutical and Biotech Companies, Food and Beverages Companies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance its product portfolio. For instance, in January 2017, Merck acquired BioControl System Inc., with a strategy to penetrate in food and beverage space and strengthen its portfolio in food pathogen testing.
Key Takeaways of the Pyrogen Testing Market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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