The global virus filtration market was valued at US$ 4.44 Bn in 2022 and is forecast to reach a value of US$ 12.92 Bn by 2030 at a CAGR of 14.3% between 2023 and 2030.
To ensure the viral safety of biopharmaceutical products, virus filtering is frequently utilized. It is a size-based eradication technique that keeps virus particles on the membrane’s surface and within its pores by using a polymeric membrane. Virus filtering also aids in process economic optimization and prevents the loss of priceless goods.
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Top Companies Associated With The Virus Filtration Market Report Are: Wuxi Biologics, Clean Cell Inc., Sartorius AG, Pall Corporation, Merck KgaA, Lonza Group Ltd., General Electric Company, Thermo Fischer Scientific Inc., Asahi Kasei Medical Co. Ltd., and Charles River Laboratories International Inc.
Global Virus Filtration Market: Key Developments
In October 2022, PathoQuest opened its new facility based in Wayne, PA. The 7000 sqft [650 sqm] facility has already begun to take on new clients from across North America as well as globally, allowing life-changing biologics to be tested in this key market.
In July 2022, Agilitech announced the launch of virus filtration system, a highly versatile single-use platform for virus filtration in bioprocessing.
In July 2022, Genome Valley, a vaccine manufacturer, and Biological E. planned to invest US$ 22 million to increase vaccine production, generic injectables, and research and development (R&D) of various vaccinations, including tetanus.
Virus Filtration Market Report Coverage
| The market size value in 2023 |
Global Virus Filtration Market Restraints:
Regulatory Compliance: Meeting stringent regulatory requirements for virus filtration processes and products can be challenging. Adhering to evolving guidelines and ensuring consistent compliance can pose obstacles for companies in this market.
High Initial Costs: The setup and implementation of virus filtration systems can involve substantial initial investments in equipment, technology, and skilled personnel. This cost factor can deter smaller companies from entering the market.
Product Development: Developing advanced virus filtration technologies that are both efficient and cost-effective is an ongoing challenge. Innovations are required to improve filtration efficacy without compromising product integrity.
Risk of Contamination: There is always a risk of virus contamination during the filtration process. Maintaining the integrity of the product being filtered is essential, and minimizing the potential for virus breakthrough is a constant concern.
Scalability: Adapting filtration processes to different scales, from lab-scale research to large-scale manufacturing, can be complex. Achieving consistent filtration results across various production volumes is crucial.
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Global Virus Filtration Market Segmentation:
The global virus filtration market report divides the market into segments based on Product, Application, End User, and Geography.
In terms of Products, the market is categorized into Kits and Reagents, Filtration Systems, Services, and Other Products. Among these, the Kits and Reagents segment is anticipated to hold the dominant position in the virus filtration market throughout the forecast period. This is primarily driven by the increasing demand for kits and reagents, which play a pivotal role in the virus filtration process. Additionally, the Filtration Systems segment is poised for significant growth in the coming years due to the heightened demand for filters and membranes. Biotechnology and biopharmaceutical manufacturers rely on advanced filtration systems for both research and development (R&D) activities and the production of biologics. Regarding Applications, the market is segmented into Biologicals, Medical Devices, Water Purification, and Air Purification. Within the Biologicals category, further subsegments include Vaccines and Therapeutics, Blood and Blood Products, Cellular and Gene Therapy Products, Tissue and Tissue Products, and Other Products. The Vaccines and Therapeutics segment is expected to take the lead in the market over the forecast period. This can be attributed to the global surge in demand for safe and effective vaccines and therapeutic solutions.
Additionally, the Blood and Blood Products segment is forecasted to experience substantial growth due to increasing research efforts focused on the purification of blood by virus filtration, along with the expanding application of virus filtration techniques in blood product manufacturing In terms of End Users, the market is divided into Pharmaceutical and Biotechnology Companies, Contract Research Organizations (CROs), Academic Research Organizations, and Medical Device Companies. Among these, the Pharmaceutical and Biotechnology Companies segment is projected to maintain its dominance in the market during the forecast period. This is primarily due to the heightened emphasis on the development of safe and effective vaccines and therapeutics by these organizations. Furthermore, the Contract Research Organizations (CROs) segment is poised for robust growth in the near future, driven by the prevailing trend of outsourcing research and development (R&D) and manufacturing activities to CROs.
In summary, the global virus filtration market exhibits promising growth prospects across various segments, with an increasing emphasis on safe vaccines, therapeutic solutions, and advanced filtration technologies driving the market’s expansion.
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Executive Summary
Market Overview
- Definition of Virus Filtration Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Virus Filtration Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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