According to a new market report published by Lucintel, the future of the virus filtration market looks promising with opportunities in biological, medical device, air purification, and water purification applications. The global virus filtration market is expected to grow with a CAGR of 12% from 2020 to 2025. The major drivers for this market are rising prevalence of chronic diseases, such as cancer and diabetes, increasing research and development expenditure, and rising government support for the pharmaceutical and biotechnology industry.
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Virus filtration uses a specifically designed polymeric membrane barrier to retain virus particles on the surface and within the pores of the membrane. In this market, kits & reagents, filtration systems, and services are the major products. Lucintel forecasts that kits & reagents will remain the largest product segment over the forecast period due to increasing focus on development of vaccines, protein therapeutics, and blood products.
Within this market, pharmaceutical & biotechnology companies will remain the largest segment by end user over the forecast period due to rising research and development activities and increasing production of biologics.
North America will remain the largest region over the forecast period due to increasing prevalance of chronic diseases, rising research and development activities in biopharmaceutical industries, and growing demand for biologics in the region.
Merck, General Electric, Thermo Fisher Scientific, Lonza, Pall, Charles River Laboratories, Sigma-Aldrich, Sartorius, Asahi Kasei Medical, and WuXi PharmaTech are among the major suppliers in the global virus filtration market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global virus filtration market by product, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Virus Filtration Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global virus filtration market by product, application, end user, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Kits & Reagents
Filtration Systems
Services
Other Products
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Biological
Vaccine & Therapeutics
Blood and Blood Products
Cellular and Gene Therapy Products
Tissue and Tissue Products
Stem Cell Products
Medical Devices
Air Purification
Water Purification
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Academic Research Institutes
Medical Device Companies
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.