Global Virus Filtration Market is expected to grow at a CAGR of 14% to reach US$ XX million in 2026.
The growth is coupled with the rising prevalence of chronic diseases including cancer, diabetes, and autoimmune disorders. According to the International Agency for Research on Cancer, around 14.1 million new cancer cases were diagnosed worldwide in 2016 and this number is projected to reach 21.7 million by 2030. Thus, there is a growing demand for therapeutic biologics for the treatment of such chronic diseases, which consequently propel the demand for virus filtration products for R&D and manufacturing applications.
Compliance with drug development & production regulatory frameworks such as Current Good Manufacturing Practice (cGMP) regulations is another main driver expected to boost the Global Virus Filtration Market. Virus safety of these products is ensured by manufacturers through various quality control measures such as monitoring and quality check of raw materials, validation & implementation of efficient virus clearance technology, as well as validation of the final product for the absence of virus contamination. Thus, the demand for these products is very high for manufacturing and R&D practices.
North America virus filtration market dominated the overall sector and is expected to maintain its dominance during the study period. The well-established biotechnology and biopharmaceutical industry in the U.S. has spurred the demand for advanced viral clearance products for R&D and biologics production in this region.
Global Virus Filtration Market, By End-Use
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Europe was the second largest market due to high demand for innovative virus filtration products for research and biologics development & production. In addition, highly developed healthcare infrastructure and investment of a large amount of money in R&D, primarily in Germany, UK, and France are expected to drive the regional market.
The consumables segment accounted for the largest share of the market in 2017 and is expected to showcase lucrative growth over the forecast period owing to the increased usage of these virus filtration products. The rising focus on the development of vaccines, protein therapeutics, blood products, cellular therapy products, gene therapy products, tissue products, and stem cell products is expected to boost the demand for consumables including reagents, kits, and membranes.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Scope Of The Global Virus Filtration Market : Inquire before buying
•Global Virus Filtration Market, By Product
Kits and reagents
•Global Virus Filtration Market, By End-Use
o Biopharmaceutical & biotechnology companies
o Contract research organizations
o Medical devices companies
o Academic institutes & research laboratories
•Global Virus Filtration Market, By Application
Vaccines and therapeutics
Blood and blood products
Cellular and gene therapy products
Tissue and tissue products
Stem cell products
o Medical devices
o Water purification
o Air purification
The above data will be provided for following regions/countries from 2018-2026 (USD Million)
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
o South Africa
o Saudi Arabia
What information is covered in report?
• Actual market numbers from 2017-2018, estimates and forecasts from 2018 to 2026
• Detailed market segmentation and market share analysis of each segment
• Impact analysis of various drivers and trends
• Market segmentation and landscape
• Competitive landscape, 2017.
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