Virus Filtration Market Size 2024-2028
The virus filtration market size is forecast to increase by USD 1.75 billion at a CAGR of 14.76% between 2023 and 2028.
What will be the Size of the Virus Filtration Market During the Forecast Period?
How is this Virus Filtration Industry segmented and which is the largest segment?
The virus filtration industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Application
- Biologics
- Medical devices
- Water purification
- Air purification
- Geography
- North America
- Canada
- US
- Europe
- France
- APAC
- China
- Japan
- Middle East and Africa
- South America
- North America
By Application Insights
- The biologics segment is estimated to witness significant growth during the forecast period.
The biologics sector withIn the market encompasses vaccines and therapeutics, blood, tissues, stem cells, and cellular and gene therapy products. The creation of biologics, such as biopharmaceutical drugs, is intricate and time-consuming. Minute alterations In the protein structure of biologics can negatively impact their quality and efficacy. Consequently, virus filtration systems, consisting of virus filtration kits and chromatography reagents, are employed by biotechnology and pharmaceutical companies to mitigate variations In the protein structure of biologics. Notable entities in this domain include Pfizer Inc., F. Hoffmann-La Roche Ltd., and Amgen Inc. These entities leverage virus filtration technology to ensure the production of high-quality biologics for chronic diseases and various healthcare applications.
The market for virus filtration technology is influenced by approval regulations, consumption volumes, production sites, and price trends. Key raw materials include various pathogens, bacteria, and microbes. The technology is utilized in laboratories, water, and air purification, as well as In the production of single-use technologies and therapeutic biologics. Global brands and domestic players contribute to the market's growth, with domestic tariffs impacting the competitive landscape.
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The Biologics segment was valued at USD 681.70 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
- North America is estimated to contribute 40% to the growth of the global market during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American region held the largest share of the market in 2023, driven by the well-established biotechnology and biopharmaceutical sector In the US. Advanced virus filtration systems are in high demand for research and development (R&D) and biologics production in this region. The healthcare infrastructure in North America is highly developed, and significant investments in R&D, particularly In the US, further fuel market growth. Innovative virus filtration technologies are essential for the production of therapeutic biologics and vaccines, especially In the context of chronic diseases. The market expansion is also influenced by the increasing demand for water and air purification in various industries, including healthcare technology solutions and single-use technologies.
The market encompasses various applications, including the filtration of pathogens such as bacteria, microbes, and viruses, in air, water, and samples. Regulation and approval processes are crucial In the biotechnological industry and the biopharmaceutical sector. The consumption volumes, production sites, and price trend analysis of raw materials and downstream industries impact the market dynamics. Global brands and domestic brands contribute to the market, with domestic tariffs influencing the competitive landscape.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise In the adoption of Virus Filtration Industry?
Growing adoption of single-use virus filtration systems is the key driver of the market.
What are the market trends shaping the Virus Filtration Industry?
Growing demand for virus filtration systems for air purification is the upcoming market trend.
What challenges does the Virus Filtration Industry face during its growth?
High cost of virus filtration systems is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The virus filtration market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the virus filtration market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, virus filtration market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Asahi Kasei Corp. - The company specializes in providing virus filtration solutions, featuring products like Planova BioEX filters for effective virus removal. These filters employ advanced technology to ensure thorough virus elimination, catering to various industries and applications. By utilizing these solutions, organizations can safeguard their processes and maintain a clean and secure environment.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Asahi Kasei Corp.
- Charles River Laboratories International Inc.
- Danaher Corp.
- Freudenberg Filtration Technologies GmbH and Co. KG
- General Electric Co.
- Merck KGaA
- Sartorius AG
- Synder Filtration Inc.
- Thermo Fisher Scientific Inc.
- WuXi AppTec Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
The market encompasses a range of technologies and applications designed to remove viruses from various media, including water and air. This market is driven by the growing demand for effective solutions to mitigate the risks associated with viral infections, particularly In the context of chronic diseases and biotechnological industry. Virus filtration plays a crucial role in ensuring the safety and efficacy of various medical products, such as vaccines and therapeutics. In the biopharmaceutical sector, virus filtration is an essential step In the production process to ensure the purity of therapeutic biologics. The use of single-use technologies in this process has gained significant traction due to their ease of use, reduced risk of contamination, and cost-effectiveness.
The market for virus filtration is influenced by several factors, including approval regulations and price trends. Regulatory bodies have stringent requirements for the safety and efficacy of medical products, which necessitates the use of advanced virus filtration technologies. Price trends are also a significant factor, with the market witnessing a steady increase in demand for cost-effective solutions that offer high levels of virus removal efficiency. Raw materials used In the production of virus filtration technologies are another critical factor In the market. The downstream market for these materials is expected to grow significantly due to the increasing demand for virus filtration solutions.
Global brands and domestic brands alike are investing in research and development to produce high-quality, efficient, and cost-effective virus filtration technologies. The market for virus filtration is diverse, with applications ranging from water purification to air filtration in various industries. In the water purification sector, virus filtration is used to ensure the safety of drinking water and to prevent the spread of waterborne viral infections. In the air filtration market, virus filtration is used in healthcare technology solutions to maintain a clean and safe environment for patients and staff. Safety measures are a top priority In the market, with companies investing heavily in research and development to produce technologies that offer high levels of virus removal efficiency while minimizing the risk of contamination.
The use of advanced filtration technologies, such as nanofiltration and reverse osmosis, is becoming increasingly common In the market. In conclusion, the market is a dynamic and growing industry that plays a crucial role in ensuring the safety and efficacy of various medical products and applications. The market is driven by factors such as regulatory requirements, price trends, and the need for cost-effective and efficient solutions. Companies In the market are investing in research and development to produce advanced filtration technologies that offer high levels of virus removal efficiency while minimizing the risk of contamination.
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Market Scope |
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Report Coverage |
Details |
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Page number |
144 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.76% |
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Market growth 2024-2028 |
USD 1751.2 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
12.55 |
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Key countries |
US, China, Canada, France, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Virus Filtration Market Research and Growth Report?
- CAGR of the Virus Filtration industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the virus filtration market growth of industry companies
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