Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "Virus Filtration Market Size, Share & Trends Analysis Report By Product, By Technology (Filtration, Chromatography), By Application (Biologicals, Medical Devices, Water Purification), By End-use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global virus filtration market is on an upward trajectory and is projected to reach a substantial USD 9.5 billion by 2030. Anticipated to register a robust CAGR of 10.1% from 2023 to 2030, this market's growth is fueled by the rising demand for biological products, including vaccines, therapeutic proteins, blood and blood products, cellular and gene therapy, tissue, and stem cell products. A rigorous virus filtration procedure is essential during the production of biologics to prevent virus contamination, making it a crucial factor driving market expansion.
The market is witnessing increased investment in R&D by leading biopharmaceutical and biotechnology manufacturers to develop innovative biological products. For instance, Pfizer Inc. significantly increased its R&D investment in 2016, mainly to enhance innovation and productivity in R&D and create a sustainable pipeline of vaccines and differentiated therapies. Given that virus filtration is a crucial step in biologics development, the surge in R&D activities is expected to drive product demand.
Companies Mentioned
- Merck KGaA
- Danaher
- Sartorius AG
- Thermo Fisher Scientific Inc.
- GE Healthcare
- Charles River Laboratories
- Asahi Kasei Medical Co., Ltd.
- WuXi AppTec
- Lonza
- Clean Biologics
Report Highlights:
- Consumables Dominance: The consumables segment led the market with the largest revenue share in 2022, driven by the growing demand for these products for virus filtration.
- Chromatography Technology Growth: The chromatography technology segment is expected to exhibit the fastest CAGR during the forecast period, thanks to product advancements and increasing R&D and production of biologics.
- Biologicals Domination: The biologicals segment captured the largest revenue share of 56.6% in 2022 and is projected to grow at the fastest CAGR of 10.9% over the forecast period, fueled by the rising prevalence of chronic diseases such as cancer, blood disorders, and diabetes.
- Biotechnology and Biopharmaceutical Companies: This segment is set to expand at the fastest CAGR over the forecast period, driven by increasing investments in R&D and biologics production.
- Regional Leadership: North America led the virus filtration market with the largest revenue share of 41.2% in 2022, primarily due to the presence of several leading biotechnology companies and increased R&D activities. Asia Pacific is estimated to grow at the fastest CAGR of 12.0% from 2023 to 2030, driven by the growing number of road accidents and trauma cases.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.26 Billion |
| Forecasted Market Value (USD) by 2030 | $9.5 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Virus Filtration Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Virus Filtration Market Analysis Tools
Chapter 4. Virus Filtration: Product Estimates & Trend Analysis
4.1. Virus Filtration Market: Key Takeaways
4.2. Virus Filtration Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Consumables
4.3.1. Consumables market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.2. Kits and reagents
4.3.2.1. Kits and reagents market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.3. Others
4.3.3.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Instruments
4.4.1. Instruments market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.2. Filtration systems
4.4.2.1. Filtration systems market estimates and forecasts, 2018 to 2030 (USD Million)
4.4.3. Chromatography systems
4.4.3.1. Chromatography systems market estimates and forecasts, 2018 to 2030 (USD Million)
4.5. Services
4.5.1. Services market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Virus Filtration: Technology Estimates & Trend Analysis
5.1. Virus Filtration Market: Key Takeaways
5.2. Virus Filtration Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Filtration
5.3.1. Filtration market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.2. Consumables
5.3.2.1. Consumables market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.3. Instruments
5.3.3.1. Instruments market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.4. Services
5.3.4.1. Services market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Chromatography
5.4.1. Chromatography market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.2. Consumables
5.4.2.1. Consumables market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.3. Instruments
5.4.3.1. Instruments market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.4. Services
5.4.4.1. Services market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Virus Filtration: Application Estimates & Trend Analysis
6.1. Virus Filtration Market: Key Takeaways
6.2. Virus Filtration Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Biologicals
6.3.1. Biologicals market estimates and forecasts, 2018 to 2030 (USD Million)
6.3.2. Vaccines and therapeutics
6.3.2.1. Vaccines and therapeutics market estimates and forecasts, 2018 to 2030 (USD Million)
6.3.3. Blood and blood products
6.3.3.1. Blood and blood products market estimates and forecasts, 2018 to 2030 (USD Million)
6.3.4. Cellular and gene therapy products
6.3.4.1. Cellular and gene therapy products market estimates and forecasts, 2018 to 2030 (USD Million)
6.3.5. Tissue and tissue products
6.3.5.1. Tissue and tissue products market estimates and forecasts, 2018 to 2030 (USD Million)
6.3.6. Stem cell products
6.3.6.1. Stem cell products market estimates and forecasts, 2018 to 2030 (USD Million)
6.4. Medical Devices
6.4.1. Medical devices market estimates and forecasts, 2018 to 2030 (USD Million)
6.5. Water Purification
6.5.1. Water purification market estimates and forecasts, 2018 to 2030 (USD Million)
6.6. Air Purification
6.6.1. Air purification market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Virus Filtration: End-use Estimates & Trend Analysis
7.1. Virus Filtration Market: Key Takeaways
7.2. Virus Filtration Market: Movement & Market Share Analysis, 2022 & 2030
7.3. Biopharmaceutical and Biotechnology Companies
7.3.1. Biopharmaceutical and biotechnology companies market estimates and forecasts, 2018 to 2030 (USD Million)
7.4. Contact Research Organizations
7.4.1. Contact research organizations market estimates and forecasts, 2018 to 2030 (USD Million)
7.5. Medical device companies
7.5.1. Medical device companies market estimates and forecasts, 2018 to 2030 (USD Million)
7.6. Academic Institutes and Research Laboratories
7.6.1. Academic institutes and research laboratories market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 8. Virus Filtration Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/iyp179
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