Global Viral Inactivation Market Size By Method (Solvent Detergent, Pasteurization), By Product (Kits And Reagents, Services, Systems And Accessories), By Application (Blood And Blood Products, Cellular And Gene Therapy Products, Stem Cell Products, Tissue And Tissue Products, Vaccines And Therapeut
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Viral Inactivation Market Size By Method (Solvent Detergent, Pasteurization), By Product (Kits And Reagents, Services, Systems And Accessories), By Application (Blood And Blood Products, Cellular And Gene Therapy Products, Stem Cell Products, Tissue And Tissue Products, Vaccines And Therapeut
Viral Inactivation Market Size And Forecast
Viral Inactivation Market size was valued at USD 683.91 Million in 2023 and is projected to reach USD 1389.46 Million by 2031, growing at a CAGR of 9.27% from 2024 to 2031.
- Viral inactivation is the process of rendering viruses non-infectious by destroying their structure or genetic material, preventing them from replicating and infecting others.
- This is accomplished using a variety of ways, including heat treatment, chemical exposure, and irradiation.
- Viral inactivation has numerous applications, including medicines, biotechnology, and healthcare.
- Viral inactivation in pharmaceutical production protects biological products originating from animal or human tissues, such as vaccines, blood products, and recombinant proteins, by reducing the danger of viral contamination.
- Additionally, in healthcare settings, viral inactivation procedures are used to sterilize medical equipment, surfaces, and bodily fluids, limiting viral pathogen transmission and preventing disease spread.
Global Viral Inactivation Market Dynamics
The key market dynamics that are shaping the Viral Inactivation Market include
Key Market Drivers
- Rising Prevalence of Chronic Diseases The rising prevalence of chronic and life-threatening diseases such as cancer, HIV, and hepatitis need more effective biopharmaceutical therapies. This need drives the Viral Inactivation Market since it is crucial to the safety and efficacy of biologics and plasma derivatives.
- Stringent Regulatory Guidelines To ensure that biopharmaceutical products are free of viral contamination, regulatory bodies around the world, including the FDA and EMA, have established tight rules for their manufacturing. Complying with these rules involves the use of viral inactivation techniques, thereby fueling market expansion.
- Advancements in BiotechnologyRapid advances in biotechnology and pharmaceutical R&D are resulting in greater manufacturing of biopharmaceuticals such as vaccines, therapeutic proteins, and monoclonal antibodies. These products require viral inactivation to ensure safety, which increases the demand for viral inactivation technology.
- Growing Biologics and Biosimilars MarketThe rising market for biologics and biosimilars, driven by their efficacy in treating a variety of diseases, necessitates severe safety precautions, including viral inactivation. This need is a major driver of the Viral Inactivation Market, as product safety is critical for regulatory approval and public trust.
Key Challenges
- High Costs and Resource Intensity The execution of viral inactivation techniques is time-consuming and expensive, necessitating considerable investments in technology and qualified staff. These high expenditures are prohibitively expensive for smaller pharmaceutical and biotech companies, restricting their competitiveness in the market.
- Risk of Viral Breakthrough Despite stringent viral inactivation procedures, there is always a possibility of viral emergence due to mutations or the presence of unfamiliar viruses. This risk needs continual research and development to improve the efficacy of inactivation methods, which increases the complexity and cost of biopharmaceutical manufacturing.
Key Trends
- Adoption of Novel Technologies The Viral Inactivation Market has experienced the use of novel technologies such as UV-C irradiation, high-temperature short-time (HTST) treatments, and sophisticated chemical approaches. These technologies increase efficiency and safety characteristics, overcoming the constraints of traditional approaches and boosting market growth.
- Increased Focus on Automation There is a growing trend of automating viral inactivation operations to improve repeatability, eliminate human error, and boost throughput. Automation also helps to comply with regulatory standards, making procedures more efficient and cost-effective.
- Expansion into Emerging Markets The Viral Inactivation Market is expanding into emerging economies, fueled by expanding biopharmaceutical industries, increased healthcare spending, and growing concern about biologics’ safety. This expansion opens up new prospects for market growth beyond traditional markets.
- Integration of Advanced AnalyticsAdvanced analytics are increasingly being integrated into viral inactivation processes to provide real-time monitoring and control. This connection allows for more precise and fast inactivation methods, which improves safety profiles and regulatory compliance while also promoting market innovation.
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Global Viral Inactivation Market Regional Analysis
Here is a more detailed regional analysis of the Viral Inactivation Market
North America
- According to Market Research, North America is estimated to dominate the Viral Inactivation Market over the forecast period. North America, particularly the United States, has a vast and sophisticated biopharmaceutical industry that leads in the development and production of vaccines, therapeutic proteins, and monoclonal antibodies. The magnitude and growth of this sector necessitate substantial viral inactivation methods, which drive regional demand.
- The presence of severe regulatory organizations in the United States, such as the FDA, requires biopharmaceutical goods to meet stringent safety criteria, which include viral inactivation. This regulatory structure promotes high levels of compliance and the use of viral inactivation technology, hence promoting market dominance.
- Furthermore, North America, particularly the United States, has one of the world’s highest healthcare costs, indicating a significant investment in healthcare infrastructure, including innovative therapies and biopharmaceutical products. This investment encourages the use of sophisticated viral inactivation technologies, hence driving the market.
Asia Pacific
- The Asia Pacific region is estimated to exhibit the highest growth potential in the market during the forecast period. The Asia Pacific region’s biopharmaceutical industry is expanding rapidly, spurred by increased expenditures in biotechnology and healthcare infrastructure. This expansion needs sophisticated viral inactivation technologies, which drive market growth in countries such as China and India.
- Governments and the corporate sector in Asia Pacific are considerably boosting healthcare spending to improve public health services and access to innovative treatments. This investment promotes the development and use of safe biopharmaceutical products, particularly those that require viral inactivation.
- Furthermore, there is a growing awareness in the region about the necessity of biological safety and the dangers of virus contamination. This knowledge is increasing the demand for viral inactivation technologies to ensure the safety of vaccinations, therapeutic proteins, and other biologics.
Europe
- Europe has advanced healthcare systems with robust regulatory frameworks overseen by authorities such as the European Medicines Agency (EMA). These systems require rigorous safety criteria for biopharmaceutical goods, emphasizing the importance of successful viral inactivation to ensure patient safety and product efficacy.
- Europe is home to considerable biopharmaceutical research and development efforts, which are funded by both public and private funding. This investment promotes innovation in viral inactivation technologies and procedures, hence contributing to regional market growth.
- Furthermore, in Europe, biopharmaceutical businesses, research institutes, and technology providers are highly collaborative and form collaborations. These agreements promote the exchange of knowledge and technology, such as viral inactivation, which improves the region’s ability to address viral safety in biopharmaceuticals.
Global Viral Inactivation MarketSegmentation Analysis
The Viral Inactivation Market is Segmented based on Method, Product, Application, End-User, and Geography.
Viral Inactivation Market, By Method
- Solvent Detergent Method
- Pasteurization
- Others
Based on Method, the market is segmented into Solvent Detergent Method, Pasteurization, and Others. The solvent detergent method segment is estimated to grow at the highest CAGR within the Viral Inactivation Market due to its ability to inactivate encapsulated viruses while retaining the product’s biological activity, making it a popular choice for the treatment of blood and plasma products, as well as certain biopharmaceuticals. The method’s widespread acceptance can also be attributed to its simplicity, low cost, and comprehensive validation in assuring viral safety.
Viral Inactivation Market, By Product
- Kits and Reagents
- Services
- Systems and Accessories
Based on Product, the market is segmented into Kits & Reagents, Services, and Systems & Accessories. The kits & reagents segment is estimated to dominate the Viral Inactivation Market due to their widespread application throughout all stages of pharmaceutical and biopharmaceutical production, including research and development, manufacturing, and quality control. Kits and reagents are critical for efficiently and effectively carrying out viral inactivation activities, providing a balance of usability, cost-effectiveness, and dependability. Their high demand is exacerbated by the requirement for continuous viral safety testing in the production of vaccines, medicinal proteins, and other biologics.
Viral Inactivation Market, By Application
- Blood & Blood Products
- Cellular & Gene Therapy Products
- Stem Cell Products
- Tissue & Tissue Products
- Vaccines and Therapeutics
Based on Application, the market is segmented into Blood & Blood Products, Cellular & Gene Therapy Products, Stem Cell Products, Tissue & Tissue Products, and Vaccines & Therapeutics. The vaccines and therapeutics segment is estimated to dominate the market over the forecast period due to rising demand for vaccines and therapeutic medications, which is being driven by an increase in the global prevalence of chronic diseases and infectious outbreaks. The research and manufacturing of these products necessitate severe viral inactivation techniques to ensure safety and efficacy, making this market an important user of viral inactivation technology. Furthermore, continued efforts to improve vaccine development, particularly in response to new infectious illnesses, as well as increased investment in biopharmaceutical R&D, help to drive the segment’s importance.
Viral Inactivation Market, By End-User
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
- Academic Research Institutes
- Others
Based on End-User, the market is segmented into Pharmaceutical & Biotechnology Companies, Contract Research Organizations, Academic Research Institutes, and Others. The pharmaceutical & biotechnology companies segment is estimated to dominate the market over the forecast period due to these companies’ critical roles in the development, production, and commercialization of biopharmaceuticals such as vaccines, therapeutic proteins, and monoclonal antibodies, all of which require stringent viral inactivation processes to ensure safety and efficacy. The continued rise of biopharmaceutical research and development, combined with increased investments in biologic drug discovery, is driving demand for viral inactivation technologies in this market.
Key Players
The “Global Viral Inactivation Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Merck KGaA, Danaher Corporation, Sartorius AG, Charles River Laboratories, Clean Cells, Rad Source Technologies, Texcell, Viral Inactivated Plasma Systems SA, WuXi PharmaTech, Parker Hannifin Corporation, SGS SA, Thermo Fisher Scientific, Bio-Rad Laboratories, GE Healthcare, MilliporeSigma, Lonza Group, and Catalent.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Viral Inactivation Market Recent Developments
- In May 2022, Pall Corporation established a partnership with RD-Biotech to produce vast volumes of Good Manufacturing Practice (GMP)-grade plasmid DNA (pDNA). The partnership seeks to fulfill the growing demand for gene and mRNA-based therapeutics, particularly for COVID-19 vaccine development.
- In January 2021, Akron Biotechnology announced an exclusive global deal with Octapharma to manufacture virally inactivated Human AB Serum derived from Octaplas® for cell therapy. This alliance intends to improve the safety of human serum against viruses, particularly COVID-19, and support research and development for commercialization.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2020-2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Period | 2020-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Merck KGaA, Danaher Corporation, Sartorius AG, Charles River Laboratories, Clean Cells, Rad Source Technologies, Texcell |
Segments Covered | By Method, By Product, By Application, By End-User, and By Geography |
Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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