About Limulus Amebocyte Lysate
The Limulus amebocyte lysate test is a substitute method for the rabbit pyrogen test focussed on the detection of pyrogenic substances in germ-free parenteral medicines. The aim of Limulus amebocyte lysate is the evaluation and introduction to common day use of the LAL test gel-clot method for assay of bacterial endotoxins in the examined products. One of the most important aspects of the Limulus amebocyte lysate test is that it is in accordance with the latest demand of the European Pharmacopoeia Commission for the replacement of the animal-based tests in favor of alternative methods where possible.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.0% |
Players in this market are small to medium companies. The market is fairly segmented and does not have any leaders. Local companies dominate in this market. As the largest chunk of this market is the B2B segment; signing long-term supply contracts with customers could be a good strategy to get a reliable source of revenue. Cost-effectiveness is key in this market.The Players having a strong hold in the market are Lonza Group AG, Charles River Laboratories, Inc., and ASSOCIATES OF CAPE COD, INC.. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Limulus Amebocyte Lysate market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lonza Group AG (Switzerland), Charles River Laboratories, Inc. (United States), ASSOCIATES OF CAPE COD, INC. (United States), Accumedi Solutions Co., Ltd. (China), Xiamen Bioendo Technology (China), Zhanjiang A&C Biological (China), Zhanjiang Bokang (china) and Fuzhou Xinbei (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Limulus Amebocyte Lysate market by Type (Bacterial Endotoxins and Pyrogens - Biological Test), Application (Drug Testing, Clinical Diagnosis and Others) and Region.
On the basis of geography, the market of Limulus Amebocyte Lysate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Limulus Amebocyte Lysate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New Laboratory Method like Limulus Amebocyte Lysate (LAL) Test, Used for the Detection of Pyrogenic Endotoxins
Market Growth Drivers:
The Demand for the Quality of Drugs in Ever-Increasing is Surging and Advance in the Tests for the Purity of Human and Veterinary Drugs is Driving the Market
Challenges:
High Competetion
Restraints:
Strict Government Norms and Regulations
Opportunities:
Technological Advancement and Development of the Limulus Amebocyte Lysate Test is Creates the opportunities for Market
Market Leaders and their expansionary development strategies
In July 2020, Lonza Sales AG and Sanquin Reagents BV announced a strategic partnership to commercialize a collection of specialized reagents for the monocyte activation test-based pyrogen testing of parenteral pharmaceuticals and medical devices (MAT)
In August 2023, Lonza has launched the Nebula® Absorbance Reader, a new absorbance microplate reader which joins the company’s portfolio of optimized instruments for streamlined endotoxin and pyrogen testing.
Key Target Audience
Limulus Amebocyte Lysate Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.