Pyrogen Testing Market Share and Growth Factors, Covid-19 Impact ,Analysis 2021–2025 | River Laboratories, Inc. (US) ,Lonza (Switzerland) & Merck KGaA (Germany)



 The growing focus on customised medicine, increased R&D in the pharmaceutical and biotechnology industries, rising prevalence of chronic diseases, increased awareness of food safety, and rising incidence of infectious diseases and pandemics are all driving market expansion.

The global pyrogen testing market is expected to grow at a CAGR of 12.7 percent from USD 927 million in 2020 to USD 1,689 million in 2025.

COVID-19 is a newly identified novel coronavirus that causes an infectious sickness. COVID-19, which was mostly unknown until the outbreak in Wuhan, China, in December 2019, has gone from a regional issue to a global pandemic in just a few weeks. Since the World Health Organization (WHO) proclaimed COVID-19 to be a pandemic, a number of established pharmaceutical and biopharmaceutical companies, as well as small startups, have stepped up to create medicines and vaccines to combat the infection caused by the novel coronavirus. According to the WHO, there are currently 70 vaccine candidates in development, with three of them being studied in human trials. The economic and social costs of the pandemic have spurred governments around the world to increase funding for vaccine development, resulting in a rise in the use of pyrogen testing kits in COVID-19 research.

Because of the rising prevalence of major infectious diseases and epidemics, the demand for pyrogen testing procedures has been steadily increasing over the last decade. During the projection period, demand for pyrogen testing procedures (used for endotoxin and microbial identification) is predicted to rise due to an increase in the global incidence of infectious diseases.

The APAC region is a highly profitable market for the life sciences industry. For example, India has been taking substantial steps to promote itself as the world's leading major biopharmaceutical innovation hub, including fostering public-private partnerships (PPPs) in biopharmaceutical R&D projects. South Korea is also working to establish itself as a worldwide biotech centre.

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa make up the global pyrogen testing market. North America held the highest proportion of the worldwide pyrogen testing market in 2019. The high investment on pharmaceutical and biopharmaceutical research, increasing pharmaceutical drug pipelines, a growing number of drug approvals, and increased consumer awareness about product safety are all contributing to the North American pyrogen testing market's growth.

Charles River Laboratories, Inc. (US) Lonza (Switzerland) Merck KGaA (Germany) Thermo Fisher Scientific, Inc. (US) 

Comments

Post a Comment

Popular posts from this blog

Quaternary Ammonium Compounds Market to Grow at USD 1.63 billion by 2027: COVID Impact & Post COVID Analysis, Business Opportunities, and Strategies

Image
  By 2027, the global market for Quats (Quaternary Ammonium Compounds) is expected to reach USD 1.63 billion. The market is being driven by the rise in the occurrence of hospital-acquired infections (HAIs) and the implementation of stringent regulations and favorable government initiatives on disinfection and sterilization. Developing economies are expected to give significant opportunities for growth. Fabric softeners, disinfectants, surfactants, antistatic agents, and wood preservation are just a few of the uses for quaternary ammonium compounds. The product's numerous applications are projected to raise demand shortly. Quaternary ammonium compounds are commonly employed as conditioning agents in personal care products, such as skin, textile, and hair softeners. The surfactant industry considers QACs to be the ultimate workhorse. They're on the USEPA's "High Production Volume Chemicals" list. Self-assembly, surface-active properties, detergency, and antibact...
Read more

Butyraldehyde Market Trends, Growth, Demand, opportunities, Scope & Forecast 2027 by CMI

Image
  Buthylaldehyde (also known as butanal) is a 4-carbon aldehyde that is used as a building block in organic syntheses to make various products such as n-butanol, 2-ethyl hexanol, 2-ethyl hexanoic acid, trimethylolpropane, and polyvinyl butyral. Pharmaceuticals, agrochemicals, antioxidants, textile auxiliaries, perfumes, flavors, and many forms of additives are all made with it as an intermediate (fillers, wetting agents, defoaming agents, improvers). Alcohols (mono- and multi-hydroxide), acids, amines, and esters are all made from N-butyraldehyde as a raw material. Rubber accelerators, synthetic resins, plasticizers, solvents, and high molecular weight polymers are the biggest uses of butyraldehyde. All of these buthylaldehyde applications are detailed in this study. Butyraldehyde is widely used as a starting material for the downstream organic synthesis of n-butanol, trimethylolpropane, 2-ethyl hexanoic acid, and polyvinyl butyral. Pharmaceutical intermediates, synthetic resins,...
Read more

Glass Mat Thermoplastic Market : Size, Growth, Regional Analysis, And Market Area

Image
Glass mat thermoplastic is a thermoplastic that can be easily moulded and is used to make a variety of components, primarily in the automotive industry. Because of the longer residual length of the glass strands, glass mat thermoplastic has better mechanical properties than injection moulded reinforced thermoplastic. It is primarily used as a replacement for steel and aluminium. They are available in panel form as well as 3D structural component form. Furthermore, they are a lightweight material with a low relative density, excellent hardness and rigidity at low temperatures, and are chemical and moisture resistant . These are durable materials with ease of recyclability. Furthermore, the demand for the glass mat thermoplastic material from the automobile and aeration industries leads to market growth. When compared to other end-use industries, the automotive application segment is expected to remain the largest. Furthermore, a surge in government initiatives for increased fuel eco...
Read more