According to The Insight Partners market research study titled ‘Virus filtration Market - Global Analysis and Forecasts By product, application, and end user, the global virus filtration market is expected to reach US$ 5,555.4 Mn in 2025 from US$ 2,139.4 Mn in 2017. The market is estimated to grow with a CAGR of 13.0% from 2018-2025. The report highlights the trends prevalent in the global virus filtration market and the factors driving the market along with those that act as deterrents to its growth.
Global virus filtration market, based on the product was
segmented into filtration systems, kits & reagents, services, and others.
In 2017, the kits & reagents segment held the largest share of the market,
by product. The kits & reagents segment is expected to grow at the fastest
rate during the coming years as the kits and reagents are easy and safe to use
as well as requires very little expertise while following the simple protocol
to achieve the goals.
The market for virus filtration is expected to grow due to
rapid growth of biotechnology & pharmaceutical industry, stringent
regulatory framework and increasing investments and R&D outsourcing
activities. In addition, growth of pharmaceutical and medical device
outsourcing as well as high potential of emerging nations are likely to have a
positive impact on the growth of the virus filtration market in the coming
years.
The major players operating in the virus filtration market
include Merck KGaA, Danaher (Pall Corporation) and Sartorius AG, Thermo Fisher
Scientific Inc., General Electric, Lonza, Charles River, WuXi AppTec, Asahi
Kasei Medical Co., Ltd. and Clean Cells among others. The market players are
focused towards bringing new and innovative products and services to sustain
their position in the market. For instance, in September 2017, Merck launched
the Viresolve Pro Shield H for removal of parvoviruses from therapeutic protein
feed streams. The product is used as a prefilter with Viresolve Pro Devices for
more robust, cost-economic viral clearance. The developments performed by the
companies are helping the market to grow in the coming years.
The report segments the global virus filtration market as
follows:
Global
Virus Filtration Market " By Product
Kits & Reagents
Filtration Systems
Services
Others
Global
Virus Filtration Market " By Application
Biologics
Vaccines & Therapeutics
Blood & Blood Products
Cellular and Gene Therapy Products
Medical Devices
Water Purification
Air Purification
Others
Global
Virus Filtration Market " By End User
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Medical Device Companies
Academic & Research Institutes