Virus Filtration Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
Published on: 2024-08-03 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Virus Filtration Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
Virus Filtration Market Size
Virus Filtration Market is projected to expand at notable pace from 2024 to 2032. The global increase in chronic diseases is driving the demand for virus filtration technology. Growing investments in R&D activities by the pharmaceutical and biotechnological sectors, along with the expansion of the biopharmaceutical industry are creating new opportunities for market development.
Additionally, the strong adoption of advanced healthcare technology and government initiatives to improve awareness is increasing the virus filtration appeal. The rising demand for single-use technologies and therapeutic biologics are further expected to drive the industry growth.
Virus Filtration Market Trends
The increasing demand for biopharmaceuticals, especially monoclonal antibodies along with the expanding field of gene and cell therapies is fueling the adoption of virus filtration technologies to ensure product safety. Additionally, the rapid advancements in filter design and materials is making way for the growing adoption of single-use technologies for improving efficiency and scalability in virus filtration. The stringent regulatory requirements emphasizing viral clearance in biomanufacturing processes is increasing the product appeal. The increasing focus on viral safety measures in the post pandemic period is further driving innovations in the virus filtration sector.
Virus Filtration Market Analysis
The filtration systems segment is projected to rise at significant CAGR from 2024 to 2032, owing to the increasing demand for advanced filtration technologies in bioprocessing. The adoption of single-use filtration systems and the development of innovative filtration designs offers enhanced efficiency and scalability in virus filtration processes. Additionally, the influx of stringent regulatory requirements emphasizing viral clearance will fuel the demand for reliable and efficient filtration systems, supporting the segment growth.
With respect to application, the virus filtration industry from the vaccines and therapeutics segment is estimated to record substantial growth from 2024 to 2032, due to the increasing vaccine development and biopharmaceutical production. The rising demand for virus filtration technologies can majorly be attributed to the stringent regulatory requirements for ensuring product safety in vaccine and therapeutic manufacturing. Additionally, the surge in R&D activities in the biopharmaceutical sector, especially for emerging diseases will drive the adoption of advanced virus filtration solutions in vaccines and therapeutics applications.
Regionally, the North America virus filtration market is anticipated to exhibit significant growth rate from 2024 to 2032, led by the ongoing focus on R&D activities in the biopharmaceutical sector. The prevalence of chronic diseases is resulting in the rising investments in biopharmaceutical research and production as well as the growing demand for advanced vaccines and biologics in the region. Additionally, the influx of stringent regulatory standards emphasizing product safety and the presence of key market players will bolster the regional industry.
Virus Filtration Market Share
Leading players are adopting organic and inorganic strategies, such as mergers, acquisitions, collaborations, investments in R&D initiatives and product launches to bolster their market footprint. For instance, Danaher is actively dedicated towards harnessing the capabilities of science and technology to improve human health.
Some of the major virus filtration industry players are
- BioProcess International
- General Electric Company
- Asahi Kasei Medical Co., Ltd.
- Danaher
- BIA Separations
- Synder Filtration, Inc
- Sotera Health
- WuXi AppTec
- Sartorius AG
- Lonza
- Merck KGaA
Virus Filtration Industry News
- In December 2023, TeraPore Technologies, a pioneer in nanofiltration membranes, officially released the IsoBlock® VF product line, designed for the commercial removal of parvovirus from biopharmaceuticals.