Endotoxin Testing Market Growth Potential: Key Insights for 2024-2033
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What is the Expected Growth Rate of the Endotoxin Testing Market from 2024 to 2033?
The endotoxin testing market has grown steadily in recent years. It is expected to rise from $2.14 billion in 2023 to $2.24 billion in 2024 at a CAGR of 4.6%. Key factors driving growth include increasing demand for biologics and biosimilars, growing awareness about endotoxin testing, and the rising prevalence of infectious diseases.
The endotoxin testing market will grow to $2.73 billion in 2028, at a CAGR of 5.1%. This growth is supported by the expansion of the biopharmaceutical industry, increased investment in endotoxin testing research, and global healthcare expansion. Trends include innovative endotoxin detection tools, the adoption of testing services, and rising demand for endotoxin testing.
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An increase in healthcare-associated infections is expected to boost the endotoxin testing market. Healthcare-associated infections, acquired while receiving medical care, often result from contaminated equipment or procedures, making rigorous endotoxin testing essential to ensure safety. Endotoxin testing helps prevent these infections by monitoring bacterial endotoxin levels in medical equipment, including injectables and implantable devices. According to UNICEF, pneumonia is the leading infectious cause of child deaths, claiming over 700,000 lives annually. Further, the World Health Organization reported in May 2022 that 24% of patients globally are affected by healthcare-associated sepsis, with a 52.3% fatality rate in intensive care. Thus, the rising number of healthcare-associated infections drives growth in the endotoxin testing market.
1) By Test Type: LAL (Limulus Amebocyte Lysate) Test, Chromogenic Tests, Turbidimetric Tests, Gel Clot Tests, MAT Test, Rabbit Pyrogen Test, Recombinant Factor C (rFC) Assay
2) By Application: Medical Devices, Pharmaceuticals, Packaging, Raw Materials
3) By End-User: Hospitals, Laboratories, Research Institutes
In the endotoxin testing market, companies are adopting new technologies to maintain their position. For instance, Lonza Group AG, a Swiss pharmaceutical company, launched the Nebula absorbance reader in August 2023. This absorbance microplate reader streamlines endotoxin and pyrogen testing and is integrated with the company’s WinKQCL software, improving data integrity compliance, training, and validation. The Nebula reader offers results similar to the ELx808, which is no longer available, and is compatible with Lonza’s endotoxin assays, including the PYROGENT 5000 Turbidimetric and Kinetic-QCL Chromogenic Endotoxin Assays.
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North America was the per diem nurse staffing largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the per diem nurse staffing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Endotoxin Testing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the endotoxin testing market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Endotoxin Testing Market Include
1. Endotoxin Testing Market Executive Summary
2. Endotoxin Testing Market Segments
3. Endotoxin Testing Market Size And Template Market Growth Rate
4. Key Endotoxin Testing Market Trends
5. Major Endotoxin Testing Market Drivers
……
25. Key Mergers And Acquisitions In The Endotoxin Testing Market
26. Top Endotoxin Testing Companies
27. Endotoxin Testing Market Opportunities And Strategies
28. Endotoxin Testing Market, Conclusions And Recommendations
29. Appendix
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