Report ID: 10070474 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Virus Filtration Market Highlights Over 2022 - 2031
The global virus filtration market is estimated to garner around USD 7 billion in revenue by 2031 by growing at a CAGR of nearly 13% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to increasing number of chronic diseases, including cancer, diabetes, and autoimmune disorders. According to a report by the World Health Organization (WHO), the estimated number of deaths due to cancer was nearly 10 million in 2020, which was approximately one in six deaths.
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Additionally, the rapid growth in the R&D sector, increasing fund availability in the biopharmaceutical sector, and increasing government support are the factors that are also propelling the growth of the global virus filtration market. The COVID-19 pandemic had a positive impact on the virus filtration market owing to the several clinical trials related to virus filtration aiming to find strategies for infection prevention, especially to prevent community spread.
However, stringent rules and regulations regarding the filtration of products, and intense competition among vendors are the key factors restraining the growth of the market.
The market is segmented by product into filtration systems, kits & reagents, and services, out of which, the kits & reagents segment is anticipated to hold the major share over the forecast period. The growth can be attributed to increasing demand for these products in everyday laboratory use. The reagents support in decreasing the potential of iatrogenic transmission of pathogenic viruses, which is driving their demand.
Global Virus Filtration Market Regional Synopsis
Regionally, the global virus filtration market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America region is estimated to witness significant growth over the forecast period on the back of the increasing incidence of diseases, and the high presence of pharmaceutical companies in the region. Moreover, there has been an increasing number of incidents related to adventitious viruses in the manufacturing processes which increased regulatory scrutiny, and R&D activities by biopharmaceutical companies. These factors are also expected to drive the market growth in the region.
Asia Pacific region is expected to witness market growth at the highest CAGR during the forecast period on the back of increasing government initiatives for industrialization, increasing presence of clinical research organizations (CROs) that helps in R&D activities, availability of labor at low cost, and comparatively less stringent regulatory policies. These factors are also expected to provide lucrative opportunities for market players to invest in the region.
Market Segmentation
Our in-depth analysis of the global virus filtration market includes the following segments:
By Product
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Filtration Systems
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Kits & Reagents
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Services
By Application
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Medical Devices
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Water Purification
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Air Purification
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Biologicals
By End-User
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Pharmaceutical and Biotechnology Companies
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Contract Research Organizations
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Academic Research Institutes
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Medical Device Companies
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Others
Growth Drivers and Challenges Impacting the Growth of the Global Virus Filtration Market
Growth Drivers
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Increasing number of chronic diseases, including cancer, diabetes, and autoimmune disorders
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Rapid growth in the R&D sector, and increasing fund availability in the biopharmaceutical sector
Challenges
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Stringent rules and regulations regarding the filtration of products
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Intense competition among vendors
Key Companies Dominating the Global Virus Filtration Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global virus filtration market that are included in our report are Thermo Fisher Scientific Inc., Merck KGaA, Sartorius AG, WuXi AppTec, Charles River Laboratories, Asahi Kasei Corporation, Lonza, Pall Corporation, General Electric, Danaher, Pfizer Inc., GlaxoSmithKline plc, and others.
Latest Developments in the Global Virus Filtration Market:
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September 2019: Asahi Kasei Corporation accomplished a new plant in Nobeoka, Miyazaki, Japan for the spinning of cellulose hollow-fiber membranes for Planova virus removal filters.
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February 2018: Merck KGa launched Viresolve Barrier capsule filters to reduce the risk of bioreactor contamination, as they are designed to remove viruses, mycoplasma and bacteria from cell culture media.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Frequently Asked Question
The market is segmented by product, application, end user, and by region.
The kits & reagents segment is anticipated to hold largest market size in value and display significant growth opportunities.
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Report ID: 10070474 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
