Report ID:
SQMIG35D2271 |
Region:
Global |
Published Date: October, 2024
Pages:
176
|Tables:
93
|Figures:
71
Global Pyrogen Testing Market size was valued at USD 1322.30 Million in 2022 and is poised to grow from USD 1499.48 Million in 2023 to USD 4100.59 Million by 2031, growing at a CAGR of 13.4% in the forecast period (2024-2031).
Pyrogen testing is a crucial process that ensures decontamination of diverse medical and pharmaceutical devices. The testing helps these instruments stay free from pyrogens – elements that may induce fever. The market has been progressing on the back of the rising awareness of patient safety, strict regulatory needs, and the growing production of pharmaceutical and biologics. The market is also driven by the increased focus on quality control, the need for compliance with international principles, and improvements in testing technologies. Nonetheless, the market is restrained by the constantly changing regulatory and compliance landscape and low awareness and adoption of the said procedure. Yet, the market is projected to witness significant growth over the forthcoming years owing to the growing digitalization and automation in testing processes and the expansion of biologics and biopharmaceuticals.
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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The global pyrogen testing market is segmented based on Product, Test Type, End-Use, and Region. Based on Product, the market is divided into Consumables, Instruments, Services. Based on Test Type, the market is divided into LAL Test, Chromogenic Test, Turbidimetric Test, Gel Clot Test, In Vitro Pyrogen Test, Rabbit Test. Based on End-Use, the market is divided into Pharmaceutical and Biotechnology Companies, Medical Devices Companies, Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Analysis by Product
Based on product, the pyrogen testing market is segmented as consumables, instruments, and services. The consumables segment held a significant share of the market in 2023 and is anticipated to lead over the forecast period owing to its frequent use in testing processes. Consumables, such as syringes, test kits, and reagents are repetitively used, resulting in consistent demand, thus the segment growth. They are vital for conducting pyrogen tests like (LAL) Litmus Amebocyte Lysate assays. Their fundamental role further drives the demand. Moreover, since the biopharmaceutical and pharmaceutical industries are expanding, testing has increased too. This further impacts on the consumables demand.
The instruments segment is anticipated to be the fastest-growing segment owing to the increasing number of technological improvements and significant initial investment. The improved pyrogen testing devices like high-throughput systems and automated LAL analyzers offer better speed, efficiency, and accuracy, increasing their preference. Moreover, strict regulatory norms increase the demand and use of improved instruments for compliant and reliable testing. This increases the demand for well-developed equipment.
Analysis by End-Use
Based on end-use, the market is segmented into pharmaceutical and biotechnology companies, medical devices companies, and others. The pharmaceutical and biotechnology companies segment dominated the market in the past years and is projected to lead in future as well owing to strict regulatory need for product quality and safety. Biotechnology and the pharmaceutical companies should essentially test for pyrogens in order to adhere to and avoid ill-effects in patients. The increased risks associated with contamination is increasing the demand for confirming safety of biologics, drugs, and medical devices. This is notably propelling the demand from these companies, thus the segment’s growth.
On the other hand, the medical devices companies' segment is projected to hold a significant market share in the coming years owing to the increased need for safety in these companies. The growing number of medical devices patients encounter, mainly in painful surgeries. This increases the demand for higher levels of safety thus driving the demand for reliable and effective pyrogen testing in medical devices companies. Also, strict regulatory standards that require rigorous pyrogen testing to ensure biocompatibility and safety have increased the demand from these companies.
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North America is currently dominating and is likely to continue so during the forecast period. This is owing to its well-developed healthcare infrastructure, growing investment in biotechnology and pharmaceutical research. The growth of this region is also significantly impacted by strong regulatory frameworks like the ones from the U.S. FDA and the presence of several established players in biotechnology and pharmaceutical companies. Furthermore, the regional growth is driven by the growing number of research and development activities and improvements in testing. These factors contribute to the growth of the market in North America. The key players operating in the region include Charles River Laboratories, Lonza Group, BioTek Instruments, Thermo Fisher Scientific, Vortex Biosciences, and more.
Asia-Pacific is the fastest-growing region in the global pyrogen testing market due to the increasing investments in biotechnology and pharmaceutical sectors, expanding regulatory framework, and heavy investments in healthcare infrastructure. Moreover, the growing demand for compliance and quality control and progressing medical devices and drug development market are driving the regional growth. in addition, increased emphasis on enhancing manufacturing standards and catering to international protocols is significantly impacting the market growth in the region.
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Drivers
Growing Biologics and Drug Development
Growth of Biopharmaceutical Industry
Restraints
Complexity of Testing Processes
Standardization and Regulatory Issues
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The global pyrogen testing market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment.
Top Player’s Company Profiles
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the pyrogen testing market is witnessing considerable growth due to the growing focus on patient safety, increasing education and awareness, and the rising concerns regarding contaminations. The market is also propelled by the speedy growth of the biopharmaceutical sector. However, the market is restrained by complications of testing procedures and the emergence of alternative testing methods. North America is anticipated to lead the market owing to the improved healthcare infrastructure, growing investments in biotechnology and pharmaceutical companies, and developed regulatory architecture. Some opportunities for the growth of the pyrogen testing market include the growing number of strategic collaborations and partnerships, increased quality assurance services, and technological advancements.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1322.30 Million |
Market size value in 2031 | USD 4100.59 Million |
Growth Rate | 13.4% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pyrogen Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pyrogen Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pyrogen Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pyrogen Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2271