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Virus Filtration Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Merck & Company Inc., GE Healthcare, Thermo Fisher Scientific Inc., Lonza Group Ltd., Pall Corporation
Virus Filtration Market Characteristics
The Business Research Company offers in-depth market insights through Virus Filtration Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The virus filtration market size has grown rapidly in recent years. It will grow from $4.88 billion in 2023 to $5.45 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to rise in biopharmaceutical production, growing incidence of viral contaminations, global expansion of biopharmaceutical companies, awareness of viral safety, focus on monoclonal antibody production, demand for single-use systems, increased biomanufacturing capacities, integration of continuous manufacturing..
The virus filtration market size is expected to see rapid growth in the next few years. It will grow to $8.71 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to growth in vaccine production, preparedness for emerging viral threats, expansion of cell and gene therapy, increasing demand for biosimilars, development of high-throughput systems, focus on point-of-use filtration, continuous improvement in product design, flexibility in bioprocessing workflows.. Major trends in the forecast period include technological convergence with nanotechnology, integration of artificial intelligence (ai), sustainable filtration technologies, customized filtration solutions, disposable filtration technologies, integration of automation, increased r&d investments, technological partnerships and collaborations..
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Market Segmentation:
The virus filtration market covered in this report is segmented -
1) By Type: Kits And Reagents, Services, Filtration Systems, Other Types
2) By Application: Medical Devices, Water Purification, Air Purification, Biologicals, Vaccines And Therapeutics, Blood And Blood Products, Cellular And Gene Therapy Products, Other Applications
3) By End-User: Pharmaceutical And Biotechnology Companies, Contract Research Organizations, Academic Research Institutes, Medical Device Companies
Major Driver - Rising Incidence Of Chronic Diseases Fuels Growth In The Virus Filtration Market
The increasing number of chronic diseases is a major driver propelling the growth of the virus filtration market. Chronic diseases refer to conditions that last 1 year or more and need ongoing medical attention or limit activities of daily living. Virus filtration aids in preventing infectious and chronic diseases by removing viruses effectively, supporting the growth of the market. For instance, according to the key facts published in September 2022 by the World Health Organization (WHO), a UN agency responsible for international public health, noncommunicable diseases (NCDs) result in the death of 41 million people each year, which is similar to 74% of all deaths worldwide and cardiovascular diseases result in most NCD deaths with 17.9 million people every year. Therefore, the rising frequency of cardiovascular illnesses will continue to drive the growth of the virus filtration market.
Competitive Landscape:
Major companies operating in the virus filtration market report are Merck & Company Inc., GE Healthcare, Thermo Fisher Scientific Inc., Lonza Group Ltd., Pall Corporation, Charles River Laboratories International Inc., Sartorius AG, Asahi Kasei Medical Co. Ltd., WuXi AppTec, Danaher Corporation, Sigma-Aldrich Corporation, Clean Cell Inc., Pendotech, Purafil Inc., Qiagen NV, Parker Hannifin Corporation, Eaton Corporation, Freudenberg Group, Entegris Inc., Meissner Filtration Products Inc., Koch Membrane Systems Inc., Graver Technologies LLC, Amazon Filters Ltd., Cobetter Filtration Equipment Co. Ltd., Sterlitech Corporation, Membrane Solutions LLC, Advantec MFS Inc., GVS Group, Porvair Filtration Group, Eaton Filtration LLC
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Top Trend - Integrated Viral Protection Unveils Advanced Airborne Virus Filtration Unit, Spearheading Market Innovation
Technological advancement is a key trend in the virus filtration market. Major companies operating in the virus filtration market are focused on developing new technological solutions to strengthen their position in the market. For example, in January 2022, Integrated Viral Protection (IVP), a US-based technology startup launched an advanced airborne virus filtration unit at CES 2022, a tech event in Las Vegas, the USA. The advanced unit kills airborne viruses in a single pass covering sub-micron variants causing COVID-19, anthrax spores, and allergens. It incorporates IVP's patented 'catch and kill virus' technology to kill airborne viruses.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Virus Filtration Market Characteristics
3. Virus Filtration Market Trends And Strategies
4. Virus Filtration Market - Macro Economic Scenario
5. Virus Filtration Market Size And Growth
…..
27. Virus Filtration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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