Rising Prevalence of Cancer and Diabetes Necessitates Robust Virus Filtration Market Demand by 13% CAGR through 2026

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Sep 14, 2022, 09:30 ET

Virus Filtration System Manufacturers to Capitalize on Burgeoning Demand for Air Purifiers in Veterinary Hospitals and Animal Kennels

Fact.MR in its latest global virus filtration market report presents in-depth analysis for the upcoming decade. It also offers a 360-degree view of growth factors and trends impacting the sales in the market. Further, the report also dives deep into strategies adopted by incumbents, new entrants, and established players across the globe.

NEW YORK, Sept. 14, 2022 /PRNewswire/ -- The global virus filtration market is set to reach US$ 6.5 Billion by 2026, growing at a CAGR of 13% between 2022 and 2026. Growing emphasis on maintaining optimal air quality is likely to drive sales of virus filtration systems during the assessment period. Further, increasing prevalence of chronic ailments such as cancer and diabetes is likely to necessitate the use of virus filtration systems.

As per the World Health Organization (WHO), one in every six deaths worldwide is caused due to cancer. WHO further states that the number of people suffering from diabetes increased to 422 million in 2014 from 108 million in 1980. There was a 5% surge in premature mortality occurring due to diabetes from 2000 and 2016.

These chronic illnesses don't come alone but bring along various other ailments such as kidney failure, eye-ailments, and heart attacks. As focus on preventive healthcare increases, demand for devices that improve air quality is also expected to surge during the forecast period.

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Further, demand for biopharmaceutical products is another crucial factor driving growth in the global virus filtration market. These products can treat diseases and ailments and not merely their symptoms, which has been crucial in the continual adoption of these products. Moreover, growing adoption of single-use technologies, coupled with rapid technological advancement is anticipated to drive sales during the forecast period.

Besides, high demand for air purifiers in healthcare facilities like hospitals, clinics, veterinary hospitals, boarding kennels, and animal kennels to maintain indoor air quality for both staff and patients is likely to aid growth. These purifiers are capable of eliminating odors, airborne pathogens, and allergens from the air.

Key Takeaways:

The U.S. virus filtration market is set to be valued at US$ 1 Billion in 2022 owing to rising need for biologics.
China virus filtration market is expected to be valued at US$ 900 Million by the end of 2026.
By type, the reagents and kits segment is likely to expand at a CAGR of 15% between 2022-2026.
The global virus filtration market is projected to reach a valuation of US$ 4 Billion in 2022.
Based on region, North America is set to lead the virus filtration market on the back of investments by pharmaceutical companies in the manufacturing of biologics.

Growth Drivers:

Technological advancement in mAb downstream procedures is likely to push the development of more efficient virus filtration systems, which is expected to boost sales.
Use of virus filtration systems to reduce inflammatory mediators is anticipated to spur their uptake in the healthcare domain.

Restraints:

Membrane filtration systems are fragile and sometimes break on autoclaving, which may hamper their demand in the evaluation period.
Some of the newly developed virus filtration systems like Balston Manifold have cadmium-coated center posts that can corrode easily, thereby hindering sales.

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Competitive Landscape:

Virus filtration manufacturers are adopting various strategies to consolidate their positions in the global market. These include new product launches, mergers & acquisitions, joint ventures, and geographical expansions. Some of the other key players are joining hands with local companies to co-develop innovative solutions for attracting a large consumer base.

For instance,

In August 2021, Honeywell announced a "drop-in" filter that is capable of clearing out 97% of the Sars-Cov-19 virus. It will be available for schools and government offices that don't want to spend heavily on denser filtration.
Estonian UV Tech in 2021 released the first virus-killing air purifier. The device is worn around the neck and has the ability to filter 99% of viruses and bacteria. It provides protection against E.Coli with a 99.88% reduction, as well as against Alphavirus, which it claims to stop at a rate of 99.44%. The process goes through the internal filter and a germicidal UV-C light before ventilating to the user.

Key Companies Profiled by Fact.MR

Sartorius AG
QIAGEN
Thermo Fisher Scientific Inc.
Bio-Rad Laboratories, Inc.
Pall Corporation
Hologic, Inc.
Lonza Group AG
F. Hoffmann-La Roche AG
Asahi Kasei Medical Co., Ltd.
Sartorius AG
Abbott Laboratories
BioMérieux SA
WuXi Biologics

More Valuable Insights on Virus Filtration Market

In its latest study, Fact.MR offers a detailed analysis of the global virus filtration market for the forecast period of 2022 to 2026. This study also divulges key drivers and trends promoting sales of virus filtration market through detailed segmentation as follows:

By Type:

Kits & Reagents
Services
Filtration Systems
Others

By Application:

Biological
Medical Devices
Water Purification
Air Purification
Others

By End User:

Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Academic Research Institutes
Medical Device Companies
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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Key Questions Covered in the Virus Filtration Market Report

What is the anticipated market size of the virus filtration market in 2022?
At what rate will sales in the global virus filtration market grow until 2026?
Which are the factors hampering the demand in the virus filtration market?
Which region is expected to dominate the global virus filtration market during 2022-2026?
Which are the factors driving sales in the virus filtration market during the forecast period?
What is the expected market valuation of the virus filtration market during the forecast period?

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

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