Virus Filtration Market to Grow at 12.4% CAGR during Forecast Period, 2018 – 2026| According to TMR Study
Contamination of biotherapeutics, water, and laboratory constituents poses a significant concern for labs, pharmaceutical & biotechnology industries, and water purification centers. To mitigate this risk, virus filtration products are widely utilized across industries to maintain pathogen-free environments and ensure product safety.
The global virus filtration market has experienced substantial growth due to the increasing number of biopharmaceutical and biotechnology industries worldwide. Moreover, investments in research and development by both private and government entities are expected to further drive market growth. However, stringent regulations regarding the validation of virus filtration products may impede market expansion.
Major players
Merck KGaA, Asahi Kasei Corporation, Sartorius AG, General Electric, Thermo Fisher Scientific, Inc., Danaher, PendoTECH, Lonza, Charles River Laboratories, and Medical Respiratory Devices. The global virus filtration market has been segmented as:
Product Type
- Virus Filters & Filtration Systems
- Kits & Reagents
- Services
Application
- Biological
- Vaccines & Therapeutics
- Blood & Blood Products
- Stem Cell Products
- Others
- Medical Devices
- Water Purification
- Air Purification
End-user
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations
- Medical Device Companies
- Others
Market Drivers and Challenges
Drivers
- Stringent regulations mandating virus filtration in various industries
- Growing demand for biopharmaceuticals and vaccines
- Technological advancements leading to the development of more efficient filtration solutions
Challenges
- High initial investment costs associated with advanced filtration technologies
- Complex regulatory approval processes
- Risk of membrane fouling and integrity issues
Regions Covered
North America(USA, Canada and Mexico) Europe(UK, Germany, France and the Rest of Europe) Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region) South America(Brazil, Argentina and the Rest of South America) Middle East and Africa(GCC and Rest of the Middle East and Africa)
Market Trends
- Adoption of single-use filtration systems
- Integration of nanotechnology in filtration processes
- Increasing focus on continuous manufacturing processes
- Rise in demand for virus filtration in emerging economies
Future Outlook
The virus filtration market is poised for substantial growth in the coming years, driven by the increasing emphasis on product safety and the rapid expansion of the biopharmaceutical industry. Advances in filtration technology, coupled with the development of novel antiviral filtration solutions, will further fuel market growth.
Key Market Study Points
- Market dynamics analysis, including drivers, challenges, opportunities, and trends
- Competitive landscape assessment, encompassing key players, market share analysis, and strategic initiatives
- Regulatory landscape overview and its impact on market growth
- Technological advancements and their implications on virus filtration processes
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Summary
The global virus filtration market has experienced substantial growth due to the increasing number of biopharmaceutical and biotechnology industries worldwide.
Source
Transparency Market Research
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