A recent report published by Infinium Global Research on virus filtration market provides in-depth analysis of segments and sub-segments in the global as well as regional virus filtration market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional virus filtration market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global virus filtration market. According to the report, the global virus filtration market is projected to grow at a CAGR of 11.7% over the forecast period of 2018-2024.
All biotechnology products derived from animal sources carry a risk of contamination with viruses. Virus filtration is the procedure used to obtain virus clearance during the purification of biopharmaceutical products. Virus filtration is considered a robust and effective virus clearance technology in the manufacturing of biologicals and other applications. Virus filtration has feed streams with high purity and high product concentration. Virus filters are membrane device that is used for removal of virus retroviruses or parvoviruses.
The increasing demand for biological therapeutics products drives the growth of virus filtration market. The risk of viral contamination is common to all biotechnology products derived from cell lines. Virus filtration is a critical component in the manufacture of biological therapeutics. In addition, regulatory agencies have authorized that manufacturers assess the risks of virus contamination. Regulatory agencies in Germany and France require that manufacturing processes be evaluated to clear non-enveloped parvoviruses in addition to retroviruses. The growing use of virus filtration in the pharmaceutical and biotechnology industry is expected to escalate the growth of virus filtration market. As per the parental drug association, parvovirus filters become an established standard in the downstream purification process. Furthermore, the growing use of stem cell therapy promotes the growth of virus filtration market. However, strict government rules and regulations related to validation of filtration products are anticipated to restrain the growth of the market. The filtration techniques and membranes need approval by the U.S. food and drug administrations. Going further, technological advancement coupled with a growing investment in research and development activities is expected to create growth opportunities for the virus filtration market in the near future.
Among the regions, the global virus filtration market is segmented into North America, Asia-Pacific, Europe, and RoW. North America region dominates the global filtration market. The factor such as high research and development investment in biopharmaceuticals, highly developed healthcare infrastructures and rise in healthcare expenditure are responsible for the growth of the market. The Asia-Pacific region is anticipated to grow at a significant growth rate during the forecast period owing to the rapid population and increasing number of awareness programs for patients. Moreover, developing countries such as India and China are supports pharmaceutical and biotechnology industry.
The report on global virus filtration market covers segments such as product, application, and end users. On the basis of product, the sub-markets include filtration systems, kits and reagents, and others. On the basis of application, the sub-markets include biologicals, water purification, medical devices, and air purification. On the basis of end users, the sub-markets include pharmaceutical, biotechnology companies, contract research organizations, medical device companies, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Asahi Kasei Medical Co., Ltd., Sigma-Aldrich Corporation, General Electric Company, Thermo Fisher Scientific, Inc., Merck KGaA, GE Healthcare, Charles River Laboratories International, Lonza Group Ltd., Pall Corporation, and Sartorius AG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of virus filtration market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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