According to Stratistics MRC, the Global Virus Filtration market is estimated at $1.96 billion in 2015 and is expected to reach $4.81 billion by 2022 growing at a CAGR of 13.7% from 2015 to 2022. Rising Government Support for Pharmaceutical & Biotechnology Industries and huge research and development spending are the key factors propelling market growth. Strict regulatory policy for validation of filtration product is hampering the market. On the other hand, huge flow of funds towards developing nations provides ample of opportunities for the market to grow.
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North America accounted for largest share in the virus filtration market owing to growth of biotechnology industry in recent years. Asia Pacific is expected to grow at highest CAGR attributed to increase in government spending in developing nations of the region.
Some of the key players in the market include Sigma-Aldrich Corporation, Lonza Group Ltd., Merck Kgaa, Wuxi Pharmatech (Cayman) Inc., General Electric Company, Charles River Laboratories International, Inc., Thermo Fisher Scientific, Inc., Asahi Kasei Medical Co., Ltd., Pall Corporation and Sartorius AG.
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Stem Cell Products
Cellular and Gene Therapy Products
Vaccines and Therapeutics
Tissue and Tissue Products
Blood and Blood Products
Kits and Reagents
Rest of Europe
Rest of Asia Pacific
Rest of the World
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