According to the latest report published by Acute Market Reports, Inc. the global Virus Filtration market was valued at USD 2.151.1 million in 2017 and is expected to reach USD 5.015.3 million by 2026, expanding at a CAGR of 9.5 percent from 2018 to 2026.
A membrane barrier is used in the process of virus filtration to separate virus particles. This is a specifically designed polymeric membrane used to keep virus particles over the surface and in the pores of the membrane. The most important parameters that specifically focus on the value of log reduction (LRV) and throughput further affect parameters due to key factors such as the presence of foulants, protein concentration, viral load, pressure, operating flux, and ionic strength, among others. The most vital part of virus filtration is the selection and validation of the appropriate viral filter for the likely range of conditions.
In year 2017, virus filters and filtration systems accounted for the largest market share due to key market drivers such as high quality standards set by regulatory bodies, and developing medical device & pharmaceutical technologies assisting the market entry of new companies. As a result, overall industrial growth in the healthcare industry is considered to be the key factor responsible for the growth of the virus filtration market.
Biological applications segment expected to grow significantly and dominate the overall market for virus filtration during the forecast period from 2018 to 2026. Biological applications include vaccines & therapeutics, blood & blood products, cellular & gene therapy products, tissue & tissue products, and stem cell products. Most products are found under biological applications due to which this segment dominates the market and is expected to maintain that position throughout the forecast period. Strict regulatory guidelines for biological products have increased demand for virus filtration systems in biotechnology, pharmaceutical & medical device companies.
In 2017, North America dominated global virus filtration and expected to maintain its position throughout the forecast period due to key growth factors such as increased awareness of the risks associated with trace viruses in biological products and stringent policies designed by regulatory bodies in the healthcare industry. During the forecast period from 2018 to 2026, Asia Pacific was identified as the fastest growing market for virus filtration due to key factors such as developing healthcare industries in countries such as China, & India, increasing awareness of disease-acquired hospitals, and strong regulatory policies against virus filtration are expected to support the growth of the market for virus filtration.
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