Global Virus Filtration market growth 2024, Forecast To 2033
4 Mar, 2024
The virus filtration market has demonstrated rapid growth, increasing from$4.88 billion in 2023 to$5.45 billion in 2024, with a compound annual growth rate (CAGR) of 11.7%. This growth in the historic period is attributed to the 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, and integration of continuous manufacturing. Looking ahead, the market is anticipated to witness rapid growth, reaching$8.71 billion in 2028, with a CAGR of 12.4%. Factors driving this growth include 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, and technological partnerships and collaborations.
Global Virus Filtration Market Key Driver
The virus filtration market is experiencing significant growth fueled by the rising prevalence of chronic diseases globally. Chronic diseases, characterized by long-term medical conditions, contribute substantially to global morbidity and mortality rates. Virus filtration plays a pivotal role in preventing infectious diseases, particularly amidst the staggering burden of chronic illnesses. Data from the World Health Organization underscores the alarming statistics of noncommunicable diseases, emphasizing the critical role of virus filtration in disease prevention. Thus, the increasing frequency of chronic diseases serves as a key driver propelling the growth of the virus filtration market.
Get A Free Sample Of The Global Virus Filtration Market ReportGlobal Virus Filtration Market Segments
The global 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
By Geography: The regions covered in the virus filtration market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Virus Filtration Industry Players
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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Virus Filtration Market Overview
Virus filtration is a method by which the physical removal of potential viruses is achieved from the manufacturing process streams. Virus filters provide a key line of defense against the introduction of adventitious viruses into this important class of medicines. Virus filters are distinct from other filter types in that filter manufacturers have evaluated and optimized the robustness and efficiency of their virus removal performance and have developed integrity tests correlated to virus removal.
Virus Filtration Global Market Report 2023 provides data on the global virus filtration market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The virus filtration market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.