Virus Filtration Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Virus Filtration market size is expected to be worth around US$ 7.07 billion by 2028, according to a new report by Vision Research Reports.

The global Virus Filtration market size was valued at US$ 2.10 billion in 2020 and is anticipated to grow at a CAGR of 12.10% during forecast period 2021 to 2028.

Growth Factors

Increasing demand for biological products such as vaccines, therapeutic proteins, blood and blood products, cellular and gene therapy, tissue, and stem cell products is a major factor driving the growth. Biopharmaceuticals are mainly derived from human, animal, and plants and therefore require a scrutinized virus filtration procedure to avoid virus contamination in the production. Therefore, the necessity of this procedure during the production of biologics is expected to boost the market growth.

Report Highlights

The instruments segment is expected to exhibit significant CAGR over the forecast period owing to an escalating demand for biologic therapeutics for the treatment of chronic diseases. Biotechnology and biopharmaceutical manufacturers such as F. Hoffmann-La Roche Ltd.; Pfizer Inc.; and Amgen Inc., install advanced filtration and chromatography systems for R&D and production of biologics.

The services segment is projected to showcase the highest CAGR during the study period. This is due to the increased outsourcing of R&D and drug development services from CROs by biotechnology companies. In addition, CROs are collaborating with biotechnology and biopharmaceutical companies for the development of novel drug and therapy, which is expected to support the segment growth.

filtration was the largest revenue-generating segment of the market due to the increased adoption of these products in the manufacturing of biologics and medical devices and research. In addition, it provides several advantages such as it does not denature the proteins in the product or sample and provides high efficiency and purity in a lab scale as well as on a large scale operation.

The filtration segment is expected to grow at a lucrative rate during the forecast period owing to increased R&D investment by vendors and product advancements. Companies invest a large amount of money in R&D to cater to the unmet needs of biopharmaceutical, biotechnology, and medical devices manufacturers. For instance, Sartorius invested USD 60.4 million in R&D in the year 2016 for the development of innovative products.

Product advancements and new product launch support vendors in maintaining their dominance in the market, which is anticipated to boost the segment growth. For instance, in September 2016, Merck KGaA launched a new product Viresolve Pro Shield H for the removal of parvovirus from therapeutic protein feed streams. This product is used with Viresolve Pro devices and offers higher productivity and efficiency.

The chromatography segment is expected to grow at the highest rate owing to product advancements and increasing R&D and production of biologics. For instance, in October 2016, Pall Corporation, a subsidiary of Danaher launched Cadence BioSMB Process System, a new chromatography system for continuous and single-use production of biopharmaceuticals.

biopharmaceutical and biotechnology companies held the largest market share owing to increasing R&D activities, production of biologics, as well as growth in the biopharmaceutical industry. For instance, according to the Indian Brand Equity Foundation, the biopharmaceutical industry in India is estimated to reach USD 11.6 billion by 2017 and more than USD 100 billion by 2025.

Usage of virus filtration technology is high in U.S., Germany, U.K., Japan, China, and India. Presence of big biopharmaceutical and biotechnology companies, well-developed healthcare infrastructure, as well as access to advanced products in these countries are some of the major factors contributing to growth.

The CROs segment is expected to showcase the highest growth during the forecast period due to the trend of outsourcing R&D and manufacturing to CROs. Increase in the number of vaccines and therapeutic protein manufacturing companies has resulted in rising demand for outsourcing services that cater to the specific needs of these companies.

The medical device companies segment is projected to witness significant CAGR during the forecast period. Viral removal products are widely used in various medical devices including anesthesia systems and ventilators. For instance, Humid-Vent HEPA is a mechanical viral and bacterial filterindicated for application in bacterial/viral filtration and humidification in ventilator and anesthesia systems.

The medical device segment is the second largest segment and is projected to grow with lucrative CAGR during the study period. Various manufacturers are introducing advanced virus clearance products. For instance, Pall Corporation, a part of Danaher offers Breathing System Filter, which meets quality standards and ensures high performance in 

North America led the overall market in 2020 and is expected to maintain its dominance during the forecast period. The well-established biotechnology and biopharmaceutical industry in U.S. has spurred the demand for advanced viral clearance products for R&D and biologics production in this region.

Key Players

Merck KGaA; Sartorius; Danaher; Thermo Fisher Scientific Inc.; Charles River Laboratories International, Inc.; GE Healthcare; Asahi Kasei Medical Co., Ltd.; WuXi PharmaTech; Lonza Group Ltd.; and Clean Cells. 

Market Segmentation

  • Product Outlook 

    • Consumables

      • Kits and reagents

      • Others

    • Instruments

      • Filtration systems

      • Chromatography systems

    • Services

  • Technology Outlook 

    • Filtration

      • Consumables

      • Instruments

      • Services

    • Chromatography

      • Consumables

      • Instruments

      • Services

  • Application Outlook 

    • Biologicals

      • Vaccines and therapeutics

      • Blood and blood products

      • Cellular and gene therapy products

      • Tissue and tissue products

    • Stem cell products

    • Medical devices

    • Water purification

    • Air purification

  • End Use Outlook 

    • Biopharmaceutical & biotechnology companies

    • Contract research organizations

    • Medical devices companies

    • Academic institutes & research laboratories

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

      • Singapore

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

The Virus Filtration market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Virus Filtration market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Virus Filtration market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Virus Filtration market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Virus Filtration market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Virus Filtration capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Virus Filtration by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Virus Filtration market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Virus Filtration market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Virus Filtration market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Virus Filtration industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Virus Filtration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Virus Filtration market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Virus Filtration market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Virus Filtration market. These factors have benefited the growth of the global market for Virus Filtration. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Virus Filtration. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Virus Filtration are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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