September 26, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Virus Filtration Market Growth 2019-2024’, the worldwide virus filtration market is predicted to surpass US $7830 million by the year 2024.
Virus filtration (VF) is the main step in the overall virus clearance process as it is known to efficiently clear an extensive range of mammalian viruses with a log reduction value of LRV>4. The potential to attain higher LRV from virus retaining filters is examined by using bacteriophage surrogates, which mostly demonstrates a potential of LRV>9 while using higher titer spikes. However, increase in filter loading often causes a substantial decrease in the performance and LRV.
As per the report, the worldwide virus filtration market was worth US $3570 million in 2019 and is projected to grow at a CAGR of 14% by the year 2024. Furthermore, the average cost of virus filtration is inferred to be in decreasing trend, as it went down from 78.59/unit in 2011 to 75.88/unit in 2015, thereby fostering the market growth.
Virus filtration market is analyzed on the basis of product type, application spectrum and regional landscape. Speaking of the product type, the market is segmented as kits & reagents, filtration systems, and others, wherein the proportion of kits & reagents segment held 40% share and filtration systems sector acquired 30% share in 2015.
Considering the application spectrum, virus filtration market is fragmented as air purification, medical device, water purification, and biologicals. The report also offers an in depth analysis of market trends, challenges, drivers, and opportunities.
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Based on the regional landscape, virus filtration market is bifurcated into four major regions; China, India, Australia, Japan, Southeast Asia, and Korea fall under Asia Pacific; Europe consists of Germany, UK, France, Italy, Spain, and Russia; Americas comprises of Brazil, the U.S., Mexico, and Canada; and Egypt, Turkey, GCC Countries, South Africa, and Israel come under Middle East & Africa.
The prominent companies operating in virus filtration market include WuXi PharmaTech, Merck KGaA, GE Healthcare, Asahi Kasei Medical, Lonza, Pall Corporation, Sartorius AG, and Thermo Fisher.