The factors such as rising use of endotoxin testing methods in end use industries such as pharmaceutical, biotechnology, packaging and medical devices industry, increasing development in automated data collection, rising production and sales of pharmaceutical medicines or injectable products, growing healthcare expenditures, and technological improvements to develop novel endotoxin testing techniques are likely to contribute to the healthy growth of the market.
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New York, May, 2021: Axiom Market Research & Consulting™ added a report on global endotoxin testing market which includes study on product type, test type and application across various countries of key regions across the globe. The global endotoxin testing market was projected to grow at a CAGR of 9.5% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the endotoxin testing market.
The report analyses the global endotoxin testing industry based on product type, test type, application and geography. Various product types covered in global endotoxin testing market are endotoxin detection kits & reagents, instruments & systems, and consumables & accessories. Test types such as limulus amebocyte lysate test (LAL), monocyte activation test (MAT), rabbit pyrogen test, recombinant factor C (rFC) assay, and others are analyzed in the global endotoxin testing market. The market finds application in medical device manufacturing, pharmaceutical manufacturing, packaging manufacture, and raw materials production. The global endotoxin testing market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
The key competitors of this market include Charles River, Pacific BioLabs, Merck KGaA, Lonza, Nelson LaboratoriesLLC, Bio-Synthesis Inc, Biogenuix Medsystems Pvt. Ltd, GenScrip, Thermo Fisher Scientific, Inc, SGS SA, WuXi AppTec, Sartorius AG, Pace Analytical Services, LLC, TOXIKON, Eurofins Scientific, Source BioScience, STERIS, and Accugen Labs among others.
Endotoxin Testing Market Regional Trends
North America is expected to witness the fastest growth in upcoming years owing to hold significant share in terms of value. The advancements in techniques with endotoxins testing and increasing product approvals from the U.S. FDA, and growing market for medical devices industry are some of the major factors that attributed to the market growth in NA region. Moreover, rising investment in biotechnology and pharmaceutical industries across the region is accelerating the market growth.
Endotoxin Testing Market Segmental Highlights
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Research Objectives of Endotoxin Testing Market Report:
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