The Global Virus Filters 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.
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Further key findings from the report suggest
- 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 Filters, 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 RD 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 Players covered in this report are
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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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
End-user Outlook (Revenue, USD Billion; 2017-2027)
- Biopharmaceutical biotechnology companies
- Medical devices companies
- CROs
- Academic institutes research laboratories
Geographic Segment Covered in the Report:
The Virus Filters report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Major Points covered in this report are as below:
• The Virus Filters industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Virus Filters Market report provides key statistics on the market status of the Virus Filters manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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