The virus filtration market is expected to observe good growth over the forecast period. The major factors attributing to the growth of the virus filtration market are increasing R&D spending, growth in the biopharmaceutical industry, and the adoption of single-use technologies. Also, factors such as the increasing prevalence of chronic diseases are contributing to the growth of the market. The increasing prevalence of chronic diseases, including cancer, diabetes, and autoimmune disorders, are anticipated to propel the demand for biologics. According to the World Health Organization, cancer is the second leading cause of death globally and is responsible for an estimated 9.6 million deaths in 2018. Globally, about 1 in 6 deaths is due to cancer. This raises the research and development expenditures by biopharmaceutical companies to bring more innovation where virus filtration techniques are highly useful. These factors promote the growth of the virus filtration market.
Key Market Trends
The Kits, Reagents, and Consumables Segment is Expected to Hold the Majority Share of the Market
The kits, reagents, and consumables segment serves as an important category in the virus filtration market. The reagents help to reduce the potential of iatrogenic transmission of pathogenic viruses. In the process evaluation, the reagents help to identify the virus that is likely to contaminate the cell-substrate or any other reagents or materials used in the process.
Qiagen and Merck Millipore are two of the widely known companies for reagents and kits for virus filtration. The samples used in the biopharmaceuticals production may include blood, plasma, serum, or bodily fluids, or any monoclonal antibody and recombinant proteins. Even several biologic and pharmaceutical-based companies are opting to invest more in R&D of vaccines, protein therapeutics, blood products, cellular therapy products, gene therapy products, tissue products, and stem cell products. The demand for these kits and reagents is driving the market studied.
North America Dominates the Market and Expected to do Similar Over the Forecast Period
North America is expected to dominate the overall market, throughout the forecast period. This is due to the increasing incidence of diseases and the presence of more number of pharmaceutical companies in the region. In the North American region, the United States holds the largest market share. Additionally, in recent years, there has been increased regulatory scrutiny of incidents related to adventitious viruses in manufacturing processes. Owing to the increased R&D of biopharmaceutical companies, the demand for biologics is expected to drive the viral filtration market, during the forecast period.
The virus filtration market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market studied. With the rising R&D of biopharmaceutical companies and the high prevalence of diseases, few other smaller players are expected to enter into the market studied in the coming years. Some of the major players of the market studied are Asahi Kasei Medical Co. Ltd, Charles River Laboratories International Inc., General Electric Company, Pall Corporation, and Merck KgaA, among others.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing R&D Spending
4.2.2 Growth in the Biopharmaceutical Industry
4.2.3 Adoption of Single-use Technologies
4.3 Market Restraints
4.3.1 Stringent Regulations for Validation of Filtration Products
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Filtration Systems
5.1.2 Kits, Reagents, and Consumables
5.2 By Application
188.8.131.52 Vaccines and Therapeutics
184.108.40.206 Blood and Blood Products
220.127.116.11 Cellular and Gene Therapy Products
18.104.22.168 Tissue and Tissue Products
22.214.171.124 Other Products
5.2.2 Medical Devices
5.2.3 Water Purification
5.2.4 Air Purification
5.3 By End User
5.3.1 Pharmaceutical and Biotechnology Companies
5.3.2 Contract Research Organizations (CROs)
5.4.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.4.4 Middle-East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East & Africa
5.4.5 South America
188.8.131.52 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Asahi Kasei Medical Co. Ltd
6.1.2 Charles River Laboratories International Inc.
6.1.3 General Electric Company
6.1.4 Lonza Group Ltd
6.1.5 Merck KgaA
6.1.6 Danaher Corporation (Pall Corporation)
6.1.7 Sartorius AG
6.1.8 Clean Cell Inc.
6.1.9 Thermo Fischer Scientific Inc.
6.1.10 Wuxi Biologics
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.