The global pyrogen testing market has been witnessing a rapid growth rate in recent years as the pharmaceutical, medical devices, and biotechnology industries are undergoing a huge change. The growing support from governments to launch new drugs to fight several new diseases has augmented the demand for pyrogen testing in the past few decades. Pyrogens are known to cause fever and body ache after being injected. This testing method helps in identifying the presence of endotoxin substances and is being extensively used in the development of new drugs. According to the research report, the global pyrogen testing market is expected to be worth US$1,527.8 mn by the end of 2024 as compared to US$570.0 mn in 2015. During the forecast period of 2016 and 2024, the global market is expected to surge at a CAGR of 11.9%.
Presence of Robust Product pipelines to Boost Market’s Growth
“The increasing prevalence of chronic diseases and conditions among people across the world is boosting the global market for pyrogen testing significantly,” says a TMR analyst. The rising demand for biological drugs is also propelling this market substantially. In addition to this, the presence of robust pipelines and impending approvals of new drugs are likely to support the worldwide market in recording smooth rise in the coming few years. The advent of biotechnology and the increasing number of pharmaceutical companies, together with their escalating investments in the research and development of innovative therapeutics, are also expected to drive this market over the next few years, reports the market study.
Constant Call for Ban on Testing on Animals to Hamper Market
O the other hand, the continual efforts to ban the utilization of animals for testing is likely to hamper the global pyrogen testing market over the forthcoming years. Apart from this, the challenging nature of monocyte activation test (MAT), which needs fresh human blood for testing, is also projected to create obstructions in the steady growth of this market in the years to come, states the research report.
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