Viral Inactivation Market to Reach at a Highest CAGR of 12.97% With MacoPharma, Cerus Corporation, TERUMO BCT, INC., Weigao group, SCI Automation, Pall Corporation

This Global Viral Inactivation Market research report delivers a wide-ranging analysis of the market structure along with the forecast of the diverse segments and sub-segments of the market. The Viral Inactivation Market business document is generated based on the market type, size of the organization, availability on-premises, the end-users' organization type, and availability in areas such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The report also puts light on the various inhibitors as well as motivators of the product market in both quantitative and qualitative manner so that users get precise information.

Global viral inactivation market is registering a healthy CAGR of 12.97% in the forecast period of 2019-2026. This rise in the market value can be attributed to the surging R&D innovation, and drug discoveries and increasing government support for the pharmaceutical and biotechnology industries across the globe.

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Global Viral Inactivation Market By Method (Solvent Detergent Method, Pasteurization, Other Viral Inactivation Method), Product (Kits and Reagents, Services, Viral Inactivation Systems and Accessories), Application (Blood & Blood Products, Cellular & Gene Therapy Products, Stem Cell Products, Tissue & Tissue Products, Vaccines and Therapeutics), End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations, Blood Banks, Hospitals, Academic Research Institutes, Other End Users), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

Few of the major market competitors currently working in the global viral inactivation market are

Danaher, Merck KGaA, PARKER HANNIFIN CORP, Sartorius AG, SGS SA, Charles River, Clean Cells, Rad Source Technologies, Texcell, WuXi AppTec, GENERAL ELECTRIC, Sigma-Aldrich Co., Thermo Fisher Scientific Inc., MacoPharma, Cerus Corporation, TERUMO BCT, INC., Weigao group, SCI Automation, Pall Corporation, Eurofins Scientific among others.

Market Definition:

Viral inactivation is a dynamic component of the process of viral clearance that is compulsory for any phase of drug development. Regulatory officials such as the FDA have deepened the demand for viral inactivation in numerous applications including stem cell products, therapeutics, blood & blood products, tissue & tissue products, cell & gene treatment and vaccines.

Market Drivers

Surging R&D innovation and FDA allowance leads to commercialization of new drugs, is helping in growth of the market
Increasing number of drug launches, are driving the growth of the market
Rapid growth in biotechnology industries and pharmaceutical industries, fosters the growth of the market
Growing government support for the biotechnology and pharmaceutical industries across the globe, drives the market growth

Market Restraints

High degree of consolidation, to act as a major barrier for new entrants
High costs associated with the manufacture of biosimilar products, is likely to hamper the growth of the market

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Segmentation:

By Method

Solvent Detergent Method
Pasteurization
Other Methods

By Product

Kits and Reagents
Services
Viral Inactivation Systems and Accessories

By Application

Vaccines and Therapeutics
Blood and Blood Products
Cellular and Gene Therapy Products
Tissues and Tissue Products
Stem Cell Products

By End User

Pharmaceutical and Biotechnology Companies
Contract Research Organizations
Academic Research Institutes
Blood Banks
Hospitals
Other End Users

By Geography

North America
US.
Canada
Mexico
South America
Brazil
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East & Africa
South Africa
Rest of Middle East & Africa

Key Developments in the Market:

In August 2019, Rad Source Technologies launched aspergillus, mold, mildew, and pathogen remediation technology. This new technology is government supported and also widely preferred in Canada and the Netherlands.

Competitive Analysis:

Global viral inactivation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of viral inactivation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

Current and future of global viral inactivation market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Frequently Asked Questions:

- What will the market size be in 2026?

- What are the key factors driving the global market?

- What are the challenges to market growth?

- Who are the key players in the market?

- What are the market opportunities and threats faced by the key players?

- What will be the growth rate in 2026?

- Which strategies are used by top players in the Global Viral Inactivation Market?

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