Global Biologics Market is Estimated to $221 Billion by 2017

Date: 2015-08-19

“Pyrogen testing is used to determine the presence of bacterial toxins in pharmaceutical, biotechnology, and medical device products, intended for medical or veterinary use. Spot checks of all batches of pharmaceutical, biotechnology, and medical device products are mandatory for regulatory approval and market release. Pyrogen testing is carried out at all levels of pharmaceutical and biopharmaceutical manufacturing process to minimize the risk of product contamination. Growth in pharmaceutical and biotechnology industries will drive the growth of the pyrogen testing market. The global pharmaceutical industry is expected to grow at a CAGR between 5% and 8%. According to the IMS Institute of Healthcare Informatics, the global biologics market has increased from $46 billion in 2002 to $169 billion in 2012. Biologics accounted for a share of 11% of the total sales of drugs in 2002, which increased to 18% in 2012. It is estimated that this figure will rise to 20% by 2017, with a total market value of $221 billion. 

This report segments the pyrogen testing market on the basis of applications, products, tests, and geographies. The application segments included in this report are pharmaceuticals and biologicals, medical devices, and other applications. The product segments of this market are instruments, kits & reagents, and services. The test segments included in this report are in vitro test, LAL test, and rabbit pyrogen test. The report includes geographic analysis of the pyrogen testing market in 19 geographic and regional segments. The geographic segments included in this report are Asia, Europe, North America and the Rest of the World (RoW). The regional segments of Asia are China, India, Japan, and the Rest of Asia. The regional segments of Europe are France, Germany, Italy, Spain, the U.K., and the Rest of Europe. The regionals segments of North America are Canada and the U.S. The regional segments of RoW are Africa, Pacific and Oceania, and South America, Central America, & the Caribbean.

A combination of bottom-up and top-down approaches were used to calculate market sizes and growth rates of the global pyrogen testing market and its subsegments. Secondary information was used to identify overall revenue, geographic reach, and product portfolios of market players. Estimates of their pyrogen testing market segment revenues were validated through primary interviews. Primary interviews with key opinion leaders were also used to determine the percentage shares of each subsegment and the relative differences in growth rates.

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