Pyrogen Testing Market expected to reach USD 1,689 million in 2025

Posted By : riya16csu297@ncuindia.edu on 2021-10-24   17:12:21    India
  Pyrogen Testing Market

Description

The global pyrogen testing market is expected to grow at a CAGR of 12.7 percent from USD 927 million in 2020 to USD 1,689 million in 2025. The growing focus on customised medicine, increased R&D in the pharmaceutical and biotechnology industries, rising prevalence of chronic diseases, increased awareness of food safety, and rising incidence of infectious diseases and pandemics are all driving market expansion.

COVID-19 Impact on Global Pyrogen Testing Market

 

COVID-19 is a newly identified novel coronavirus that causes an infectious sickness. COVID-19, which was mostly unknown until the outbreak in Wuhan, China, in December 2019, has gone from a regional issue to a global pandemic in just a few weeks. Since the World Health Organization (WHO) proclaimed COVID-19 to be a pandemic, a number of established pharmaceutical and biopharmaceutical companies, as well as small startups, have stepped up to create medicines and vaccines to combat the infection caused by the novel coronavirus. According to the WHO, there are currently 70 vaccine candidates in development, with three of them being studied in human trials.




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