Kenneth Research has recently added a report titled Virus Filtration Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2024 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Global Virus Filtration Market Analysis
According to Verified Market Research, the global Virus Filtration market was valued at USD 2.27 billion in 2017 and is projected to reach USD 5.71 billion by 2025, growing at a CAGR of 12.2% from 2018 to 2025.
What is Virus Filtration?
Viruses are defined as the undesired small infectious agents or particles that need to be removed for drug sterility, especially in pharmaceuticals industry. It is a crucial procedure in the pharmaceutical industry as it ensures the purity and steady consumption of valuable products, as well as optimizing the economic process and preventing loss. Virus filtration is usually performed at the end of the purification step of any process. Virus filters used in virus filtration act as a protecting medium for bioreactors by filtering buffer solutions and media. Growing virus clearance market and demand of viral disease treatments has contributed in the growth of virus filtration market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Virus Filtration Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Rapid growth in R&D sector and discoveries, increasing fund availability for biopharmaceutical sector and rising government support have been driving the global virus filtration market. On the other hand, stringent regulations for validation of filtration products might act as a restraint for the overall market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Virus Filtration Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Virus Filtration Market Competitive Landscape
The “Global Virus Filtration Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Merck KGaA, GE Healthcare, Thermo Fisher Scientific Inc., Lonza Group Ltd., Pall Corporation, Charles River Laboratories International, Inc., Sigma-Aldrich Corporation, Sartorius AG, Asahi Kasei Medical Co., Ltd., and WuXi PharmaTech (Cayman) Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its 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.
Global Virus Filtration Market Segmentation, by Product
• Kits and Reagents
• Services
• Filtration Systems
• Others
Global Virus Filtration Market Segmentation, by Application
• Medical Devices
• Water Purification
• Air Purification
• Biologicals
o Vaccines and Therapeutics
o Blood and Blood Products
o Cellular and Gene Therapy Products
o Others
Global Virus Filtration Market Segmentation, by End user
• Pharmaceutical & Biotechnology Companies
• Contract Research Organizations
• Academic Research Institutes
• Medical Device Companies
Global Virus Filtration Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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