The expanding biopharmaceutical sector, the elevating investment on R&D activities, and the elevating investment on R&D activities are boosting the Virus Filtration market.
Market Size – USD 1.57 Billion in 2019, Market Growth – CAGR of 12.7%, Market Trends – The rising demand for Virus Filtration for managing COVID-19 outbreak.
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. 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.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Virus Filtration Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
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Key findings of the report:
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.
Key participants include 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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For the purpose of this study, the global Virus Filtration market has been segmented on the basis of disease type, application, distribution channel, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-user Outlook (Revenue, USD Billion; 2017-2027)
By Region (Revenue, USD Million; 2017-2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Virus Filtration Market Segmentation & Impact Analysis
4.1. Virus Filtration Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The expanding biopharmaceutical sector
4.2.2.2. The elevating investment in R&D activities
4.2.2.3. The growing pharmaceutical outsourcing
4.2.2.4. COVID-19 pandemic
4.2.3. Market restraints analysis
4.2.3.1. Strict regulations for filtration products validation
4.2.3.2. Intense vendor competition
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price Trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence.
Continued…
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