PUBLISHER: Value Market Research | PRODUCT CODE: 1547699
PUBLISHER: Value Market Research | PRODUCT CODE: 1547699
The global demand for Recombinant Factor C Assay Market is presumed to reach the market size of nearly USD 56.2 Million by 2032 from USD 24.73 Million in 2023 with a CAGR of 9.55% under the study period 2024-2032.
Recombinant factor C assay is used to measure the scale of endotoxin exposure or level of pyrogens. It uses a recombinant protein and a small fluorescent peptide, a synthetic alternative to crab lysate, for detection. There are three different specificities of rFC, Enzymatic, Spectral, and Genetic level to better distinguish the impurity present in the sample from other, non-related substances and impurities. Endotoxin testing plays a critical role in the pharmaceutical industry since it ensures that injectable pharmaceutical products and medical devices are safe for human use. The high sensitivity, specificity, and lesser variability of this measurement technique lead to more precise and accurate readings.
The rising need to alleviate the pressures of a growing demand for the Limulus amoebocyte lysate (LAL) assay and the development of alternative endotoxin detection tests like rfC will be the trending factors for the growth of this market. The high accuracy, specificity, robustness, sustainability, lot-to-lot consistency, ease-of-use & a suitable sensitivity range, enhanced endotoxin specificity, and reproducibility of these assays will expand the market across several industries like cosmetics, research, environment, food, and water quality control. The decline in the horseshoe crab population and the threat of their extinction will further propel this market's growth. The main restraining factor for this market's development is the lack of efficacy of rfC compared to traditional methods.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Recombinant Factor C Assay. The growth and trends of Recombinant Factor C Assay industry provide a holistic approach to this study.
This section of the Recombinant Factor C Assay market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Recombinant Factor C Assay market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Recombinant Factor C Assay market include Lonza Group, Hyglos GmbH - A BioMeRieux Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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