Virus Filtration Market Growth and Current Trend Status, Segmentation, Forecast 2027
The Global Virus Filtration market is forecast to reach USD 4.11 Billion by 2027, according to a new report by Reports and Data. Technological advancements in this filtration process and growing demand for single-use technologies are also supporting the expansion of the market. With growing technological advancements, market players are coming up with the single-use design in which the filter is gamma compatible and simple in terms of implementation in mAb processes and helps in conducting the research within the allocated fund by reducing the unnecessary allocation of budget to costly sanitization. A number of market players are coming up with innovative products that eliminate the requirement for pre-flushing.
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Such advancement acts as a major driving factor supporting the expansion of the market. The recent H1N1 Influenza outbreak, SARS outbreak, and anthrax attacks in 2001 have also resulted in increasing investment in researches on these viruses by the government of different nations, which is also fostering the demand for the process. Herein COVID-19 pandemic and the associated increasing number of researches being conducted to understand the nature of the virus is acting as a major opportunity for the growth of the sector.
Further key findings from the report suggest
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- In context to Product Type, the Consumables segment is projected to occupy a considerable market share of more than 50.0% in 2019. Consumables primarily include reagents & kits. One of the mentionable factor contributing to the market share held by the Consumables segment is the availability of wide product ranges and for virus filtration, development of new reagents, kits, along with other consumables by major market players which are contributing to the market held by this segment.
- In regards to Application, the Biologics segment held a considerable share of the market of more than 0% in 2019. Biologics include cellular and gene therapy products, vaccines and therapeutics, tissue and tissue products, blood and blood products, among others. The growing incidence rate of chronic diseases like cancer, diabetes is contributing to the market share held by this segment.
- In context to End-user, the CROs segment is projected to witness a considerable growth rate of 13.5% during the forecast period. The market share held by the segment is attributed to the continuous expansion of the biopharmaceutical industry, increasing emphasis on R&D activities, efforts for developing drugs and biologics production, and associated outsourcing of these projects to CROs, which is contributing to the growth rate witnessed by this segment.
- In December 2019, Thermo Fisher Scientific had opened a viral vector manufacturing site in Massachusetts. The viral vector CDMO (contract development and manufacturing organization) site valued USD 90 million. Thus, such expansion by market players would increase the demand for the filtration process.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Danaher, Merck KGaA, Thermo Fisher Scientific Inc., Sartorius AG, Charles River Laboratories International, Inc.GE Healthcare, Asahi Kasei Medical Co., Ltd., Lonza Group Ltd, WuXi PharmaTech Inc and Clean Cells Inc.
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Virus Filtration Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Consumables
- Instruments
- Services
Application Outlook (Revenue, USD Billion; 2017-2027)
- Water Purification
- Biologicals
- Air Purification
- Medical Devices
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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