LONDON--(BUSINESS WIRE)--The global pyrogen testing market is expected to post a CAGR of over 12% during the period 2019-2023, according to the latest market research report by Technavio.
Supplemented by a broad range of applications and scientific advances, pyrogen testing has witnessed a tremendous transformation in recent years. Currently, the designing and development of pyrogen testing products that are more reliable and convenient and can operate for extended periods is gaining popularity. Moreover, devices that are smaller and generate minimal noise and heat are expected to be launched in the market during the forecast period. Thus, technological advances and the launch of innovative products will drive the growth of the global pyrogen testing market during the forecast period.
As per Technavio, the high demand for biopharmaceuticals to treat various diseases will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global pyrogen testing market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global pyrogen testing market: High demand for biopharmaceuticals to treat various diseases
In the past few years, there has been a significant increase in the demand for biopharmaceutical products, especially those extracted from mammalian cells. This is because these products speed up the recovery process, cure a wide range of diseases, have fewer side effects compared with conventional drugs, and allow clinicians to provide tailored treatments to individuals with specific medical conditions.
Pyrogen testing enables faster process development and provides predictable performances in pharmaceutical operations such as facility fit and downstream process integration. The advantages of performing pyrogen testing, such as consistency and easy testing for cross-reactivity, have increased the demand for biopharmaceuticals, thereby augmenting the growth of the global pyrogen testing market.
“Apart from the high demand for biopharmaceuticals to treat various diseases, the increased investment in R&D, the increasing global initiatives by stakeholders in the biopharmaceutical industry, and the increased focus on outsourcing are some other factors that are boosting the growth of the global pyrogen testing market,” says a senior analyst at Technavio.
Global pyrogen testing market: Segmentation analysis
This market research report segments the global pyrogen testing market by end-user (pharmaceutical and biotechnology companies, medical device companies, food and beverage manufacturers) and geographical regions (North America, Europe, Asia, and ROW).
The North American region led the market in 2018, followed by Europe, Asia, ROW respectively. However, during the forecast period, the Asian region is expected to register the highest incremental growth due to the increased presence of biotechnology companies and research laboratories in the region.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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