The virus leak market is getting a good growth with increase in Cancer cases worldwide; according to a research conducted by Kenneth Research

 It is estimated that the new cancer confirmed cases worldwide would go up to 21.7 million by 2030, according to IARC. This number is sufficient to understand that the market of virus filtration is also going to get a thrust in the near future i.e., 10 to 15 years with an annual growth rate of almost 8% CAGR.


The global virus leak market size in 2021 is estimated to be around US$3 billion. The increasing prevalence of chronic diseases is one of the main factors contributing to growth. The increasing prevalence of chronic diseases such as cancer, diabetes and autoimmune diseases is expected to drive the demand for biologics. According to data from the International Agency for Research on Cancer, there were approximately 14.1 million newly diagnosed cancer cases worldwide in 2012, and this number is expected to reach 21.7 million by 2030, thereby boosting demand. Virus filtering products for R&D and manufacturing applications. Compliance with regulatory frameworks for drug development and production, such as current Good Manufacturing Practice (cGMP) standards, is another important factor that is expected to drive market development.

Major market players:

Merck KGaA; Sartorius; Danaher; Thermo Fisher Scientific; Charles River Laboratory International; General Electric Medical; Asahi Kasei Medical Co., Ltd.; WuXi AppTec; Lonza Group Co., Ltd.; and Clear Cells.


In 2018, due to the increased use of these products in the manufacturing and research of biological products and medical devices, filtration is the market segment that generates the most revenue. In addition, it also provides several advantages, such as not denaturing the protein in the product or sample, and provides high efficiency and purity in laboratory scale and large-scale operations. The filtering part is expected to grow at a profitable rate. During the forecast period, due to the increase in R&D investment of suppliers and the improvement of products. The company invests heavily in research and development to meet the unmet needs of biopharmaceutical, biotechnology and medical device manufacturers. For example, Sartorius invested US$60.4 million in the research and development of innovative products in 2016.

Advances and new product launches help suppliers maintain a dominant market position, which is expected to drive the growth of this segment. For example, in September 2016, Merck KGaA launched a new Viresolve Pro Shield H product for the removal of parvoviruses from therapeutic protein feed streams. This product is used with Viresolve Pro equipment to increase productivity and efficiency. Due to the advancement of products and the increase in R&D and production of biological agents, the chromatography segment is expected to grow at the highest rate. For example, in October 2016, Pall, a Danaher subsidiary, launched the Cadence BioSMB process system, a new type of chromatographic system for the single continuous production of biopharmaceuticals.

Main market regions:

The study on Virus filtration market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global virus filtration market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.

Comments

Post a Comment

Popular posts from this blog

Regulatory Technology (RegTech) Market 2021 Report On Research Report 2021, Size, CAGR Value, Growth Rate, Latest Trends, Business Investment Plans, SWOT Analysis, Forecast to 2030

  In a recent published report, Kenneth Research has updated the market report for Regulatory Technology (RegTech) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply. U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up b
Read more

Bio based PET Market 2021 Share and Size, Expected CAGR, Top Manufacturers and Consumer Analysis across the Region and Globe, Opportunities and Growth till 2025

 Market Dynamics This report presents the global market size (revenue) of key companies in Bio based PET business. This report presents a comprehensive industry overview, market shares, and growth opportunities of Bio based PET market by application, key regions and countries and key manufacturers. This report studies the Bio based PET market size by players, geography, and applications for history data 2014-2017 and forecast data 2018-2025; This report also studies the worldwide market competition landscape, market drivers, opportunity, recommendations and trends along with entry barriers, distributors, sales channels and Porter’s Five Forces Analysis. Download  Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10294038 The prime objective of this report is to help the user understand the market in terms of bio based PET definition, segmentation, influential trends, market potential, and the challenges that the market is facing. Deep researches and analys
Read more

Global Wearable Medical Devices Market Report – Future Demand and Market Prospect Forecast (2022-2031)

  Kenneth Research, in its repository of market research reports, has recently added a report titled  Global Wearable Medical Devices Market  market, that emphasizes on the recent market trends and opportunities available for the growth of the market for the forecast period 2022-2031. The growth of the Global Wearable Medical Devices Market market can be attributed to the increasing health spending by nations across the globe, and for the rapid innovations observed in the medical sector. According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion. U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the
Read more