Insights on Global Virus Filtration Market Size & Share to Hit USD 7.24 Billion by 2028, Exhibit a CAGR of 11.9% | Industry Trends, Value, Analysis & Forecast Report by Zion Market Research
NEW YORK, June 15, 2022 /PRNewswire/ -- As per Zion Market Research study, The global virus filtration market reached USD 3.59 billion in 2021 and is projected to grow with a compound annual growth rate of approximately 11.9 percent to reach about USD 7.24 billion by 2028. The report analyzes the virus filtration market's drivers, restraints, challenges, and the effect they have on the demands during the projection period. In addition, the report offers significant opportunities that could boost the global virus filtration market over the forecast period.
Key Industry Insights & Finding of the Virus Filtration Market Reports:
- As per the analysis shared by our research analyst, the Virus Filtration Market is expected to grow annually at a CAGR of around 11.9 % (2022-2028).
- Through the primary research, it was established that the Virus Filtration Market was valued approximately USD 3.59 Billion in 2021 and is projected to reach to roughly USD 7.24 Billion by 2028.
- In comparison to the other regions, North America's viral filtration market maintained a significant market share of 36 percent.
- North America's region's focus over the last year has been on developing resilient infrastructure that will prevent further breakouts which might lead to a new pandemic is also supporting the growth of the market.
- The economies of scale offered by the countries, as well as advantageous trade regulations, are boosting the viral filtering market to new heights.
Zion Market Research published the latest report titled as 'Virus Filtration Market By Product (Virus Filtration Systems, Kits & Reagents, And Services), By Application (Medical Devices, Water Purification, Air Purification, And Biologicals), By End-User (Contract Research Organizations, Medical Devices Companies, Research Institutes, And Pharmaceutical & Biotechnology Companies), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.' into their research database.
Virus Filtration Market: Overview
Virus filtration is a simple, effective, and efficient method of maintaining both non-enveloped and enveloped virus particles on the pores or layers of a polymeric membrane. It has a wide range of applications in continuous biological drug manufacturing, and it's becoming more popular for use in monoclonal antibodies as it allows for smaller facility footprints. Because it has no effect on product quality, it is regarded to be an excellent strategy for manufacturing and increasing the safety of biologics such as vaccines, cell lines, and therapeutic recombinant proteins. This approach also removes blood-borne pathogens from plasma-derived products.
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Industry Dynamics:
Virus Filtration Market: Growth Drivers
- Increasing rate of biological drug development is primarily fueling the market growth.
The rise in chronic sickness instances throughout the world has prompted medication developers to create advanced class pharmaceuticals, allowing virus filtering to be used as the foundation technology. It is undeniable that the global disease burden, in respect of chronic illness, has risen. According to the World Health Organization, cancer is responsible for one out of every six deaths globally. Furthermore, diabetes prevalence has tripled in the previous four decades, with an estimated 550 million people worldwide. Chronic diseases can carry with them a slew of other problems, such as renal failure, vision problems, and, finally, heart attacks. The world's major pharmaceutical companies are actively investigating medications and vaccinations that might help to prevent or lessen the severity of the disease. The introduction of new medications necessitates the use of viral filtering techniques in downstream processes, which is therefore allowing the global virus filtration market to expand.
Virus Filtration Market: Restraints
- Stringent regulations for the biological process may hamper market growth.
The biological products dealing with the virus are susceptible to environmental hazards, health, and large business losses if not handled correctly. The use of virus filtration techniques is rapidly increasing in biological manufacturing. However, the equipment and process used to filter virus is crucial and need to be monitored and inspected carefully for proper results. This is why the strict laws and regulations for viral filtering product validation are expected to constrain the market to some extent.
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Global Virus Filtration Market: Opportunities
- Advent of nanofiber technology expected to offer better growth opportunities for market expansion.
In comparison to the classic electrospinning technique, the new advanced nanofiber coating technology offers higher control, flexibility, and durability in pharmaceutical filtering. Fibers ranging in size from 0.3 to 0.5 microns can be used in this novel coating, which can be raised to 1 micron. The fiber diameter distribution and layer thickness may be readily modified to meet the needs of the application. The NANOWEB advanced nanofiber technology has advantages in both liquid and air filtration, and it can be customized to satisfy the demanding filtering needs of a variety of liquid applications. It also meets the increased need for enhanced microfiltration and ultrafiltration in a wide range of liquid service applications, such as life sciences, process liquid filtration, and food & beverage.
Global Virus Filtration Market: Challenges
- Issues with the continuous filtration process pose a major challenge to market growth.
The virus filter's continuous processing may not operate as expected, resulting in defective batches of items and stifling the global virus filtration market's growth. Virus filtration is an important downstream procedure that may be done in two ways: batch filtration and continuous flow filtration. Because batch systems are closed and more complicated in the continuous viral filtering process, variations in protein content, inconsistent pH values, and conductivity pose a challenge to the virus filter. When the minimum titer was 106 pfu/ml, the filters were also put to the test. Additionally, corporations must pay additional funds to perform parallel filtration, which will allow in-line testing throughout the batch filtration's continuous phase.
Global Virus Filtration Market: Segmentation
- The global virus filtration market is categorized into product, application, end-user, and region.
By product, the market is further bifurcated into kits & reagents, virus filtration systems, and services. The applications of virus filtration are categorized into water purification, medical devices, biologicals, and air purification. The end-user segment of the market is divided into research institutes, contract research organizations, medical devices companies, and pharmaceutical & biotechnology firms.
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List of Key Players of Virus Filtration Market:
- General Electric Company
- Sartorius AG
- Asahi Kasei Medical Co. Ltd.
- Thermo Fischer Scientific Inc.
- Danaher Corporation
- Clean Cell Inc.
- Charles River Laboratories International Inc.
- Wuxi Biologics
- Lonza Group Ltd among others.
Key questions answered in this report:
- What are the growth rate forecast and market size for Virus Filtration Market?
- What are the key driving factors propelling the Virus Filtration Market forward?
- What are the most important companies in the Virus Filtration Market Industry?
- What segments does the Virus Filtration Market cover?
- How can I receive a free copy of the Virus Filtration Market sample report and company profiles?
Report Scope:
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Recent Developments:
- August 2021, Honeywell unveiled its coronavirus "drop-in" filter. The following would be in the form of a coating capable of eradicating 97 percent of the Sars-Cov-19 virus. Furthermore, the product introduction is targeted at schools and government offices that already have heating and cooling systems in place and don't want to spend a lot of money on denser filtration.
- February 2021, the first virus-killing air purifier has been released by Estonian UV tech. The gadget is worn around the neck and can filter out 99 percent of viruses & germs. The gadget has been demonstrated to be 99.88 percent effective against E. Coli, as well as 99.44 percent effective against Alphavirus. The procedure is then vented to the user after passing via an internal filter and a germicidal UV-C lamp.
Regional Dominance:
- North America to dominate the global market during the forecast period.
In comparison to the other regions, North America's viral filtration market maintained a significant market share of 36 percent. It is due to the region's leading position, particularly in the United States, to follow automation in healthcare procedures. Furthermore, the automation of filtration systems has enabled different ancillaries to assist its expansion, as the following region contains several well-known firms. Secondly, the region's focus over the last year has been on developing resilient infrastructure that will prevent further breakouts which might lead to a new pandemic is also supporting the growth of the market. Conversely, Asia Pacific region provides significant development potential for marketers. It is due to an increase in FDI from biotechnology businesses in countries like India and China. The economies of scale offered by the countries, as well as advantageous trade regulations, are boosting the viral filtering market to new heights. Furthermore, due to growing pollution levels in the majority of the countries in this region, air purification has become a popular topic and field of innovation, allowing viral filtering to flourish.
Global Virus Filtration Market is segmented as follows:
Virus Filtration Market: By Product Outlook (2022-2028)
- Virus Filtration Systems
- Kits & Reagents
- Services
- Others
Virus Filtration Market: By Application Outlook (2022-2028)
- Medical Devices
- Water Purification
- Air Purification
- Biologicals
Virus Filtration Market: By End-User Outlook (2022-2028)
- Pharmaceuticals & Biotechnology Companies
- Medical Devices Companies
- Research Institutes
- Contract Research Organizations
Virus Filtration Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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