According to Vision Research Reports, the global virus purification kits market size is projected surpass at US$ 3.1 billion by 2027. It is expected to expand at a CAGR of 11% during the forecast period from 2020 to 2027.
Recombinant viral vectors are highly promising tools for both in vitro and in vivo gene transfer, and oncolytic virus show encouraging results for cancer & other related treatment. Virus purification kits provide fast and simple procedures to concentrate and purify viral vectors from cell lysate and cell culture media. A large number of vaccines are produced from cell-culture derived virus particles. Downstream purification strategies can be expensive and account for 70% of the overall manufacturing costs, which has been fueling the demand for innovative technologies for virus purification in the last few years. North America dominated the global virus purification kits market, in terms of revenue, in 2019. It is expected to continue its market dominance by the end of 2030.
Rise in Research Funding by Public and Private Players to Drive Market
R&D is a vital source of innovation, as it contributes to critical knowledge-based assets as well as strengthens absorptive capacities. Furthermore, an increase in competition in the market is prompting companies to focus on R&D by allocating more resources, both in the form of investments and trained workforce. For instance, Danaher Corporation’s investment in research & development increased from ~US$ 956 Mn in 2017 to US$ 1.1 Bn in 2019. The higher yield of virus particles received with the help of virus purification kits is also fuelling the global virus purification kits market.
Increase in support from governmental bodies for biotechnology and pharmaceutical industries and consistent expansion of biopharmaceutical & biotechnology industries are major factors driving the global virus purification kits market.
Chromatography to be Lucrative Technology
Based on technology, the global virus purification kits market has been divided into ultracentrifugation, chromatography, nanofiltration, and others. The ultracentrifugation segment dominated the global virus purification kits market due to cost-effective methods and the availability of a large number of products by major companies. Chromatography is likely to be a highly lucrative segment during the forecast period, owing to faster processing time, higher recovery rate of virus, simple methods, and highly purified virus offered by this technology.
Adenovirus Dominated Global Market
In terms of virus type, the global virus purification kits market has been segmented into adenovirus, lentivirus, retrovirus, and others. The adenovirus segment accounted for a major share of the market in 2019. It is expected to dominate the global virus purification kits market by 2030. Higher yield of adenovirus particles by latest virus purification kits, major application in viral vector based drugs, and rising incidence of adenoviruses-associated respiratory diseases are key drivers of the segment.
Contract Research Organizations (CROs) to be Promising End User
Based on end user, the global virus purification kits market has been divided into academic & research institutes, biopharmaceutical & biotechnology companies, contract research organizations (CROs), and others. The biopharmaceutical & biotechnology companies segment dominated the global virus purification kits market in 2019 due to the rise in adoption of biotherapeutics across the globe and research activities for drug discovery. Contract research organizations (CROs) is a highly lucrative segment, which is expected to expand at a high CAGR during the forecast period, owing to investments in R&D and initiation of research projects across the globe.
Single-use Membrane Chromatography Reduces Manufacturing Costs of Vaccines
The virus purification kits market is expected to reach US$ 3.2 Bn by the end of 2030. However, high costs involving complex procedures for vaccine production and gene therapy pose as barriers for market growth. Hence, manufacturers are using single-use membrane chromatography to bolster productivity levels and reduce manufacturing costs. For instance, the Natrix® single-use membrane chromatography procedure is highly sought after for high binding and short residence times in developing viral vectors for gene therapy.
In order to test new constructs, parallel and fast purification of different adenoviruses is essential. In order to achieve this, companies are introducing simple and affordable spin column based purification kits. On the other hand, researchers and scientists are conducting virus purification using the membrane adsorber technology.
Higher Yields in Recovery of Particles Preferred by Researchers and Academicians
Fast and safe virus purification kits are becoming increasingly popular in the healthcare landscape. The U.S. multinational pharmaceutical company Merck is increasing its production capacities for Millipore’s fast-trap adenovirus and lentivirus purification and concentration kits that are emerging as a fast and safe alternative to conventional kits. Companies in the virus purification kits market are focusing on high recovery of viable viral particles with good purity.
Time efficiency and higher yields in recovery of particles are preferred in virus purification kits. There is a growing demand for kits that eliminate messy purification steps and eliminate the need for expensive equipment. As such, companies in the virus purification kits market are developing close vacuum devices that eliminate risks of potential spills and meet the convenience of researchers and healthcare professionals. Advanced virus purification kits are solving issues of labor intensive procedures in laboratory and academic research settings.
Adenovirus Purification Kits Eliminate Need for Time-consuming Ultracentrifugation Procedures
The virus purification kits market is expected to advance at a striking CAGR of ~11% during the assessment period. This can be attributed to innovations in kits that help deliver fast and efficient purification of recombinant virus. For instance, BioVision-a supplier of high quality assay kits has a wide product portfolio in adenovirus, lentivirus, and retrovirus purification kits. As such, adenovirus purification kits are anticipated to dominate the highest revenue share among all virus types in the virus purification kits market.
Manufacturers are increasing the availability of ready-to-use reagents in virus purification kits to make the procedure of particle recovery simple, easy, and convenient. They are developing kits that eliminate the need for ultracentrifugation, since this procedure is time consuming and limited to the amount of cell lysate to be processed.
North America to Lead Global Market
In terms of region, the global virus purification kits market has been divided into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a major share of the global virus purification kits market in 2019, owing to favorable policies & regulatory scenario established by governments for biopharmaceutical industries in the region, highly developed healthcare sector, increase in preference for biopharmaceuticals over conventional counterparts, and continuous evolution of technology. A survey report conducted by Pharmaceutical Researchers and Manufacturers of America (PhRMA) indicated that the total pharmaceutical R&D expenditure in the U.S. was US$ 48.6 Bn in 2011, which increased to US$ 71.4 Bn in 2017. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period due to the expansion of the healthcare sector, growing clinical trials for new drug development, and low cost of products and labor in the region.
Competition Landscape
The global virus purification kits market is fragmented in terms of number of players with entry of several new players in recent years. Key players in the global market include Merck KGaA, Danaher Corporation, Thermo Fisher Scientific, Inc., Sartorius AG, Lonza Group Ltd., Asahi Kasei Corporation, BioVision Inc., PendoTECH, QIAGEN, and Takara Bio Inc. Mergers, acquisitions & strategic collaborations, and new product & technology launches in recent years have been major strategies adopted by major companies in the virus purification kits market.
Market Segmentation
By Technology
By Virus Type
By End User
By Region
Scope of the Report
VRR’s report on the global virus purification kits market studies past as well as current growth trends and opportunities to gain valuable insights of the same indicators for the said market during the forecast period from 2020 to 2027. The report provides the overall market value of the global virus purification kits market for the period of 2016–2027, with 2020 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global virus purification kits market for the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involves bulk of research efforts, wherein, analysts carry out interviews with key opinion leaders, industry leaders, and opinion makers. Extensive secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global virus purification kits market.
Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomena in the global virus purification kits market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the global virus purification kits market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global virus purification kits market.
The report delves into the competition landscape of the global virus purification kits market. Key players operating in the global virus purification kits market have been identified, and each one of them has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOTs are some of the attributes of players in the global Virus purification kits market that have been profiled in this report.
Key Questions Answered in Virus Purification Kits Market Report
Research Objectives and Research Approach
The comprehensive report on the global virus purification kits market begins with an overview of the said market, followed by the scope and objectives of this study. Following this, the report provides detailed explanation of the objectives behind this study, key industrial developments in terms of mergers, acquisitions, strategic partnerships, key investments, regulatory scenario, key product/brand analysis, COVID-19 pandemic impact on the global virus purification kits industry, and the overview of the virus purification process.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into small sections. The entire report comprises an exhaustive collection of graphs and tables appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global virus purification kits market in terms of technology, virus type, end user, and region. Key segments under each criteria have been studied at length, and the market share for each of them at the end of 2030 has been provided herein. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global virus purification kits market.
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