Viral Clearance Market Current Outlook Developing Rapidly with Top Players to Growth at a 21.0% CAGR by 2030

Market Industry Reports (MIR) has published a new report titled “Viral Clearance Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global viral clearance market is estimated to be over US$ 200 Mn in 2017. It is anticipated to grow at a CAGR of 21.0% from 2019 to 2030.

The continual increasing adoption of biopharmaceuticals, namely biologics and other biotherapeutics has presented a bright prospect for the growth of viral clearance market. Increasing funding for R&D has further led to wide scale application of such techniques and application of virus clearance devices.

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Major Players in the Viral Clearance Market

The prominent players in the global viral clearance market are VIRUSURE, BSL Bioservice, Texcell, Vironova , Kedrion S.p.A , Charles River, Merck KGaA, WuXi Biologics, Lonza, and Avance Biosciences.

Growth of Biotechnology & Pharmaceutical Industries

Increasing preference for biopharmaceuticals and other forms of biotherapeutics have been crucial in governing the extensive growth of the biotechnology and pharmaceutical industries. In India, the biopharmaceutical sector accounted for the highest share, approximately around 64% of the entire biotechnology industry. Similarly, in the year 2016, the Indian biotechnology industry witnessed a staggering YoY growth of 57.14%. Growing preference for biopharmaceuticals owing to benefits has been pivotal in complementing the growth of these industries. Growth of these industries is anticipated to substantially contribute to the growth of viral clearance market, as these products are extensively used in these industries to obtain contamination free products and laboratories.

Increasing Investments in R&D

Rising prevalence and incidences of several diseases worldwide has triggered the need for advanced R&D scenario across all sectors of biotechnology, pharmaceuticals and research establishments. Both public and private sectors are now focusing on new innovative techniques, ideas to obtain latest medical breakthroughs. According to studies, it was estimated that the total spending on R&D by mid-market biotechnology companies, witnessed an increment of approximately 18% between 2015 and 2016. Growing need to address several forms of ailments has been crucial in dictating the funding and R&D spending by governmental establishments as well as major market players and other research institutes. Increasing R&D investments and spending is anticipated to positively contribute to the growth of the global viral clearance market.

Market Segmentation:

Viral Clearance Market by Method
Viral removal,
and viral inactivation.

Viral Clearance Market by Application
Blood & blood products,
recombinant proteins,
vaccines and other applications.

Viral Clearance Market by End Users
Pharmaceutical & biotechnology companies,
academic research institutes,
contract research organizations and
others.

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Rapid Growth of the Asia Pacific Market

Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing growth of the biopharmaceutical industry, continuously growing economy, and increasing burden of chronic diseases is anticipated to present a lucrative growth scenario for the viral clearance market in this region. Furthermore, improving research facilities, coupled with increasing R&D expenditures in the region is expected to present an attractive growth prospect for the market in the coming years.

Table of Contents

INTRODUCTION
Market Definition
Market Ecosystem
Currency Used for the Study
Report Beneficiary List

RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Market Estimation Methodology
Data Validation and Triangulation

ABSTRACT OF THE STUDY

MARKET DYNAMICS ASSESMENT
Overview
Drivers
Barriers/Challenges
Opportunities

UNIQUE SELLING PROPOSITIONS (USPs)
Technological Advancement
Cost Assessment: Viral Clearance Study & Instruments
Application Horizon Assessment
Initiatives Assessment: Government & Private Bodies
Regulatory & Reimbursement Scenario Snapshot

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