Global Recombinant Factor C Assay Market Size, Share, Forecast Report, 2020-2027
The global Recombinant Factor C Assay market garnered revenue around USD 13.1 Million in 2019 and projected to reach USD 28.2 Million in 2027, with at a compound annual growth rate (CAGR) 9.8% throughout the estimate period from 2020 to 2027.
This method of endotoxin testing employs a single enzymatic step compared to multiple steps enzymatic process needed for LAL assays. Rise in need for alternative endotoxin detection tests drives the global recombinant factor C assay market. Commonly used tests for the detection of endotoxins include limulus amoebocyte lysate (LAL) test and rabbit pyrogen test. However, decline in horseshoe crab population and increasing threat of their extinction have led to the development of newer tests such as the recombinant factor C (rFC) test that employs the recombinant factor C, which is one of the major components of the cascade of proteins tested during the LAL detection tests.
North America dominated the global recombinant factor C assay market in 2019 and the trend is anticipated to continue during the forecast period. Strong growth of the market in the region can be attributed to incorporation of the rFC assays in the U.S. pharmacopoeia, strong presence of market players in the region, and increase in adoption of rFC assays by the pharmaceutical companies in the region.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Recombinant Factor C Assay market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Recombinant Factor C Assay market growth.
The global Recombinant Factor C Assay market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
The global recombinant factor C assay market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Global Recombinant Factor C Assay Market: Segmentation
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
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Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers