Monocyte Activation Test Market is anticipated to grow at a substantial
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Major Players in the Monocyte Activation Test Market
The prominent players in the global monocyte activation test market are Merck KGaA, Thermo Fisher Scientific, Becton, Dickinson and Company, Sanquin, Charles River Laboratories International, Inc., Microcoat Biotechnologie GmbH, SOLVIAS AG and Lonza Group among others.
Increasing Investments in R&D
Rising prevalence and incidences of several diseases worldwide has triggered the need for advanced R&D scenario across all sectors of biotechnology, pharmaceuticals and research establishments. Both public and private sectors are now focusing on new innovative techniques to obtain latest medical breakthroughs. According to studies, it was estimated that the total spending on R&D by mid-market biotechnology companies, witnessed an increment of approximately 18% between 2015 and 2016. Growing need to address several forms of ailments has been crucial in dictating the funding and R&D spending by government establishments as well as major market players and other research institutes. Increasing R&D investments and spending is anticipated to positively contribute to the growth of the global monocyte activation test market.
Inadequate supply of MAT test kits & reagents to Restrain Global Market
According to WHO (World Health Organization), only 12.5 million blood donations are collected globally, and approximately half of these are collected in high-income countries, which is home to 19% of the world’s population. Thus, inadequate number of healthy blood donors hampers the manufacturing of MAT kits & reagents which eventually effects the growth of the global market. Moreover, there is an increase in application of pyrogen tests in various fields, whereas initially pyrogen test was introduced only for pharmaceutical products. However, presently it is being used on medical devices, implants, purification of water, and food & beverages industries.
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Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing growth of the R&D infrastructure, continuously growing economy, and proposed ban of animal-based pyrogen test by many South Asian countries is anticipated to present a lucrative growth scenario for the monocyte activation test market in this region. Furthermore, increasing R&D expenditures in the region is expected to present an attractive growth prospect for the market in the coming years.
COMPETETIVE LANDSCAPE
Market Share Analysis (2018)
Key Strategies Assessment.
New Product Launches
Merger & Acquisitions
Agreements, Collaborations, & Partnerships
Other Strategies
COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
Merck KGaA
Thermo Fisher Scientific
Becton, Dickinson and Company
SOLVIAS AG
Lonza Group
Charles River Laboratories International, Inc.
Sanquin
Microcoat Biotechnologie GmbH (*Finanial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain)
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