Virus Filtration Market Size, Share, Trends, Share Analysis, Top Players And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Virus Filtration Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.71 billion In 2028 At A CAGR Of 12.4% :

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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Virus Filtration Market Major Segments
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

Key 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.

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Prominent 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.

Virus Filtration Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the virus filtration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virus filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Virus Filtration Market Report Structure
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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