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Global Virus Filtration Market Size, Trends, and Analysis - Forecast To 2026 By Product (Kits and Reagents, Filtration Systems, Services, Others), By Application (Biologicals {Vaccines and Therapeutics, Blood and Blood Products, Cellular and Gene Therapy Products, Tissues and Tissue Products, Stem Cell Products}, Medical Devices, Water Purification, Air Purification), By End-User (Pharmaceutical & Biotechnology Companies, Contract Research Organization, Academic Research Institutes, Medical Device Companies), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Virus filtration is a technique used to capture the virus between a membrane. The technique is a size-reliant technique that utilizes a polymeric membrane with pores that are capable of capturing virus on the membrane surface inside the pores of the membrane. The rising prevalence of infectious diseases and the growing concerns of spreadable diseases have increased the demand in the virus filtration market. Virus filtration is usually carried out in the end stages of production to ensure the sterility of the pharmaceutical product. Through filtration of the virus, the spread of communicable diseases can be prevented and the purity of the pharmaceutical drug can be maintained. The porous membrane prevents the virus from passing through while the media within which the virus is present is able to pass through the membrane. The pharmaceutical industry needs a lot of precision for biological production. The slightest deviation in the protein's nature could result in a change in the activity, safety, and quality of the drug. In order to prevent such mishaps, pharmaceutical production companies use filtration products like reagents and kits to prevent the denaturation of the protein structure. As the number of chronic diseases like cancer, diabetes, cardiovascular disease, communicable disease, and other ailments are increasing globally. This has increased the demand for pharmaceutical drugs which has increased the number of pharmaceutical manufacturers. As pharmaceutical companies manufacture more pharmaceutical drugs, there will be an increase in the demand for virus filtration systems to ensure the purity of the pharmaceutical drugs. Animal fat is the major source for most of the raw materials for the end products of the pharmaceutical products. In order to remove the virus and contaminants from the raw materials, virus filtration techniques are becoming increasingly in demand. The market is driven by the growing number of chronic diseases, rise in geriatric population, increasing investments in pharmaceutical and biotechnology by governments, increased spending on healthcare, and the rising number of pharmaceutical and biotechnology firms. The growingly stringent regulations by governments to ensure the quality of pharmaceutical drugs are also expected to increase the demand for virus filtration systems in the market. As demand has been increasing in the last few years, there has been a rise in the number of biologicals contract manufacturers who produce pharmaceutical drugs for another pharmaceutical company as well as develop pharmaceutical products for them. The growing number of these biologicals contractors is also expected to increase the demand for virus filtration systems globally. The virus filtration market is restrained by the increasing competition among the vendors and the increasing difficulty in the production of biologics owing to their complex production process.
Based on the product, the market can be segmented into kits and reagents, filtration systems, services, and others. The kits and reagent segment is expected to hold the dominant share of the market during the forecast period. Kist and reagents are becoming staple pieces of equipment in various laboratories that create pharmaceutical drugs. This will greatly give rise to the demand for kits and reagents from virology laboratories during the forecast period.
According to the application analysis, the virus filtration market can be segmented into biologicals, medical devices, water purification, and air purification segments. The biologicals segments include various products like vaccines and therapeutics, blood and blood products, cellular and gene therapy products, tissues and tissue products, and stem cell products. The demand for vaccines, therapeutics, tissues, and tissue products, and other biologicals has been on the rise to combat the growing incidence so various chronic diseases and infectious diseases. The biologicals segment will be positively impacted by the growing awareness of stem cell therapy and other novel treatment procedures.
Based on the end-user, the market can be segmented into pharmaceutical & biotechnology companies, contract research organizations, academic research institutes, and medical device companies. The pharmaceutical and biotechnology segment is the largest shareholder in the market. There has been a growing demand for pharmaceutical products in the global market as the number of infectious and chronic diseases has increased in recent years. The growing preference for biologicals over other medications and other forms of therapy will help increase the growth of the pharmaceutical and biotechnology segment.
The North American region held the dominant share of the market. The region has seen an increase in the number of incidences of chronic diseases which has increased the demand for pharmaceutical products in the region. Most of the geriatric patients reside in the US and other parts of the NA region. The government in the region has invested heavily in pharmaceutical research and development. The high spending on healthcare and the presence of a large number of pharmaceutical and biotechnology firms in the region are also responsible for the continued dominance of the region in the global virus filtration market. The APAC region is expected to grow at the fastest rate during the forecast period. The region has seen an increase in the number of pharmaceutical industries which is expected to continue and increase the demand for virus filtration in the region. The region has also seen an increase in the number of biological contract manufacturing firms which should also improve the virus filtration market in the region. The other drivers in the region are the increasing awareness of chronic diseases, increased spending on pharmaceutical production, and the growing stringent regulations on the regulation of pharmaceutical drug quality.
Asahi Kasei Medical Co., Ltd (Japan), Merck & Co., Inc. (US), Pall Corporation (US), Thermo Fisher Scientific Inc. (US), Sigma-Aldrich (US), Charles River (US), Lonza Group Ltd. (Switzerland), Sartorius AG (Germany), and GE Healthcare (US),among others, are the major vendors competing in the virus filtration market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Virus Filtration Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Virus Filtration Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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