Australia Endotoxin Testing Market to reach USD 43.46 million by 2030

 

Australia Endotoxin Testing Market Analysis and Size

The rapidly increasing pharmaceutical and medical device industries are a major driver for the market's growth. The rising inclination towards outsourcing to contract manufacturing organizations for endotoxin testing and other contamination testing purposes has increased considerably in recent years. Public and regulatory concerns about product safety would also increase more use of endotoxin testing. High demand for R&D investments in the life sciences industry would also boost the market.

Data Bridge Market Research analyses a growth rate in the Australia endotoxin testing market in the forecast period 2023-2030. The expected CAGR of the endotoxin testing market tends to be around 9.8% in the mentioned forecast period. The market was valued at USD 20.57 million in 2022 and would grow to USD 43.46 million by 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Definition

Bacterial endotoxin testing (BET) is a crucial safety condition in the biomedical and pharmaceutical industries. Endotoxins can cause symptoms of septic shock, fever, and pyrogenic reaction if enough of them reach the patient's bloodstream. Identifying bacterial endotoxins is a major safety requirement in the biomedical and pharmaceutical industries. Endotoxin quality-control tests must obey the regulatory criteria laid down by the European and the U.S. Pharmacopeia and the U.S. FDA.   

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Australia Endotoxin Testing Market Scope

The endotoxin testing market is segmented based on product type, test type, application, method, mode of purchase, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Australia Endotoxin Testing Market, By Product Type (Endotoxin Detection Kits & Reagents, Instruments, Systems, and Software, Endotoxin Testing Services and Consumables & Accessories), Test Type (Limulus Amoebocyte Lysate (LAL) Test, Monocyte Activation Test (MAT), Rabbit Pyrogen Test and Recombinant C (RFC) Assay), Application (Pharmaceutical Manufacturing, Medical Device Manufacturing, Raw Materials Production and Packaging Manufacture), Method (Gel Clot Endotoxin Test, Chromogenic Endotoxin Test, and Turbidimetric Endotoxin Test), Mode of Purchase (Large Group, Mid and Small Group and Individual), End User (Pharmaceutical Companies, Biotechnology Companies, Medical Device Companies, Contract Research Organization (CRO), Contract Manufacturing Organization (CMO), Academic Research Institute and Others) – Industry Trends and Forecast to 2030.


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