February 3, 2020

Virus Filtration Market Insights

The global virus filtration market was valued at USD 2.4 billion in the year 2018 and is estimated to grow at a significant CAGR of 2019 to 2025. Increasing prevalence of chronic diseases is the major factor that is driving the growth of the market during the forecast period. The demand for biologics is estimated to propel with the growth in chronic diseases such as cancer, diabetes, and autoimmune disorders. The demand for virus filtration products for R&D and manufacturing applications is estimated to be propelled by the growing demand for therapeutic biologics.

Consumables segment to hold the largest share in the virus filtration market during the forecast period.

In the year 2018, the consumables segment held the largest share in the virus filtration market and the trend is estimated to continue throughout the forecast period. The growth in the usage of these products for the filtration of a virus is driving the growth of the segment during the forecast period. Rising focus on the development of vaccines, protein therapeutics, blood products, cellular therapy products, gene therapy products, tissue products and stem cell products are the factors that are driving the growth of the market.

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Filtration, by technology, to draw the largest revenue for the market during the forecast period.

Filtration was the largest revenue-generating segment based on technology in the year 2018 and the trend is estimated to continue throughout the forecast period. The increased adoption of these products in the manufacturing of biologics and medical devices and research are the factors that are driving the growth of the market during the forecast period. Also, it does not denature the proteins in the product or sample and provides high efficiency and purity in a lab-scale as well as on a large scale operation and these advantages are also propelling the growth of the market during the forecast period.

CROs to witness the growth at the highest rate during the forecast period.

The biopharmaceutical and biotechnology companies are estimated to hold the largest share in the virus filtration market during the forecast period. The increasing R&D activities, production of biologics and the growth in the pharmaceutical industry are the factors that are driving the growth of the market during the forecast period. During the forecast period, it is estimated for the CROs segment to grow at the highest rate in the market owing to the trend of outsourcing R&D and manufacturing to CROs.

The biological segment, by application, to grow at the highest CAGR in the virus filtration market.

Based on application, the biological segment accounted for the largest revenue share in the market in the year 2018 and it is estimated for the segment to grow at the highest CAGR during the forecast period. The growth in the prevalence of chronic diseases such as the deficiency of growth hormones, blood disorders, cancer, diabetes and autoimmune disorders are the factors that are driving the growth of the segment during the forecast period.

North America to dominate the global market throughout the forecast period.

North America is estimated to continue its dominance in the market throughout the forecast period. The region led the market even in the year 2018. The growth in the advanced viral clearance products for R&D and biologics production in the region is attributed to the well-established biotechnology and biopharmaceutical industry in the region. Asia Pacific region is estimated to witness the growth at the highest CAGR during the forecast period. The growing number of road accidents and trauma cases in the region is driving the growth of the market in the Asia Pacific.

The following are the major objectives of the study:

  • To define, describe, and forecast the global virus filtration market on the basis of product, application and region.
  • To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
  • To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
  • To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
  • To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global virus filtration market.

Critical Questions which the report answers:

  • What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
  • What are the key revenue generating pockets for global virus filtration market and their future potential during next decade?
  • How competitive landscape is evolving in global virus filtration market?