The virus filtration market had a market value of US$ 2,151.1 million in 2017 and is expected to grow at a CAGR of 9.5% between 2018 and 2026.Virus filtration through membranes with pores
Market Synopsis
Virus filters and filtration systems is the largest product segment and is expected to maintain its dominance throughout the forecast period.
In 2017, virus filters and filtration systems accounted for the largest market, as these are highly expensive compared to kits, reagents, and services. The virus filtration systems for large water purifying and pharmaceutical industrial plants are huge and designed to meet customized requirements, due to which the cost of these products is high and expected to remain high throughout the forecast period.
However, due to high demand, kits and regents are expected to be the fastest-growing segment throughout the forecast period, and they are reordered repeatedly until the filtration system is in use.
Increased development in the healthcare industry in developing Asia Pacific countries such as India and China will help demand growth throughout the forecast period
Asia Pacific was identified as the fastest-growing virus filtration systems market due to an increase in the number of biotechnology and pharmaceutical industries, the adoption of stringent regulatory policies against the quality of healthcare products, and increasing awareness related to virus-specific risks associated with the vaccine or injectable production. India and China are the key countries that will experience this exceptional growth from 2018 to 2026.
Periods of History and Forecast
The virus filtration market was analyzed considering current market trends for the base year of 2017, and based on future trends, CAGRs were calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
This report includes an in-depth analysis of the virus filtration market, comprising qualitative and quantitative data points, along with the major market drivers, restraints, and opportunities that possess positive or negative effects on the overall global market. An in-depth analysis of market drivers, challenges, and opportunities is provided for a country-level market in specific regional segments.
This report covers detailed information related to the global virus filtration market with segments such as types of products, applications, end-users, and geography. The report comprises a competitive analysis of the key players operating in the virus filtration market that includes data related to the competitive landscape of the market and the current strategies assisting or affecting the market in the near future.
The key players included in the market study were investigated based on attributes such as financial information, product portfolios, recent market updates, and important market strategies. This report also includes appealing investment propositions that have been thoroughly researched geographically using PESTEL analysis.
The companies profiled in the report are Merck KGaA, Thermo Fisher Scientific, Inc., Medical Respiratory Devices PendoTECH, Lonza, Sartorius AG, Charles River Laboratories, General Electric, Asahi Kasei Corporation, Danaher, PendoTECH, Lonza, among others.
Key questions are answered in this report.
Which is the trending product type in the market for virus filtration and why?
What are the recent market strategies followed by key players and the competitive analysis specific to the virus filtration market?
Which are the major geographical markets (regions and countries) in the virus filtration market?
Which is the largest and fastest-growing virus filtration application globally?
What is the competitive landscape of the virus filtration market and the strategy of the major players present in this industry?
Which are the key end-users for virus filtration systems?
Frequently Asked Question:
The market for Virus Filtration Market is expected to reach USD$ 2,151.1 Mn in 2026.
The Virus Filtration Market is expected to see significant CAGR growth over the coming years, at 9.5%.
The report is forecasted from 2018 -2026.
The base year of this report is 2017.
Thermo Fisher Scientific, Inc., Medical Respiratory Devices PendoTECH, Lonza, Sartorius AG, Charles River Laboratories, General Electric, Asahi Kasei Corporation. are some of the major players in the global market.
