Rising prevalence of cancer and diabetes necessitate strong virus filtration market demand of 13% CAGR through 2026

Manufacturers of virus filtration systems to capitalize on growing demand for air purifiers in veterinary hospitals and animal kennels

Fact.MR in its latest report on the global virus filtration market presents an in-depth analysis for the next decade. It also provides a 360 degree view of growth factors and trends impacting sales in the market. Furthermore, the report also delves into the strategies adopted by incumbents, new entrants, and established players across the globe.

NEW YORK, September 14, 2022 /PRNewswire/ — The global virus filtration market is expected to reach US$6.5 billion by 2026, growing at a CAGR of 13% between 2022 and 2026. The growing emphasis on maintaining optimal air quality is likely to drive sales of virus filtration systems during the period of Evaluation. Additionally, the increasing prevalence of chronic diseases such as cancer and diabetes will likely necessitate the use of virus filtration systems.

According to World Health Organization (WHO)one in six deaths worldwide is due to cancer. WHO further indicates that the number of people with diabetes increased from 108 million in 1980 to 422 million in 2014. There was a 5% increase in premature mortality due to diabetes between 2000 and 2016.

These chronic diseases do not come alone but lead to various other conditions such as kidney failure, eye conditions and heart attacks. As the focus shifts to preventative health care, the demand for air quality improving devices is also expected to rise during the forecast period.

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Furthermore, the demand for biopharmaceuticals is another crucial factor driving the growth of the global virus filtration market. These products can treat diseases and conditions and not just their symptoms, which has been crucial in the continued adoption of these products. Additionally, increasing adoption of single-use technologies coupled with rapid technological advancements is expected to boost sales over the forecast period.

Additionally, high demand for air purifiers in healthcare facilities like hospitals, clinics, veterinary hospitals, kennels and animal kennels to maintain indoor air quality for staff and patients is likely to promote growth. These purifiers are capable of removing odors, airborne pathogens, and allergens from the air.

Key points to remember:

  • The U.S. Virus Filtration Market is Expected to be Valued at 1 billion US dollars in 2022 due to the growing need for organic products.
  • China Virus Filtration Market Is Expected To Be Valued At 900 million US dollars by the end of 2026.
  • By type, the reagents and kits segment is expected to grow at a CAGR of 15% between 2022 and 2026.
  • The global virus filtration market is expected to reach a valuation of 4 billion US dollars in 2022.
  • Based on the region, North America is poised to dominate the virus filtration market due to investments by pharmaceutical companies in the manufacture of biologics.

Growth drivers:

  • Technological advancements in mAb downstream procedures are likely to drive the development of more efficient virus filtration systems, which should drive sales.
  • The use of virus filtration systems to reduce inflammatory mediators should drive their adoption in healthcare.

Constraints:

  • Membrane filtration systems are fragile and sometimes break during autoclaving, which can hamper their application during the evaluation period.
  • Some of the newly developed virus filtration systems like Balston Manifold have cadmium coated center rods which can corrode easily, hampering sales.

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Competitive Landscape:

Manufacturers of anti-virus filters are adopting various strategies to consolidate their positions in the global market. These include new product launches, mergers and acquisitions, joint ventures and geographic expansions. Some of the other key players are partnering with local businesses to co-develop innovative solutions to appeal to a broad consumer base.

For instance,

  • In August 2021, Honeywell has announced a “drop-in” filter capable of eliminating 97% of the Sars-Cov-19 virus. It will be available for schools and government offices that don’t want to spend a lot on denser filtration.
  • Estonian UV technology in 2021 launched the first anti-virus air purifier. The device is worn around the neck and has the ability to filter out 99% of viruses and bacteria. It offers protection against E.Coli with a reduction of 99.88%, as well as against Alphavirus, which it claims to stop at a rate of 99.44%. The process goes through the internal filter and a germicidal UV-C light before being vented to the user.

Top Companies Featured by Fact.MR

  • Sartorius AG
  • QIAGEN
  • Thermo Fisher Scientific Inc.
  • Bio-Rad Laboratories, Inc.
  • Pall Corporation
  • Hologic, Inc.
  • Lonza Group AG
  • F. Hoffmann-La Roche AG
  • Asahi Kasei Medical Co., Ltd.
  • Sartorius AG
  • Abbott Laboratories
  • BioMérieux SA
  • WuXi Organic Products

More Valuable Insights into the Virus Filtration Market

In its latest study, Fact.MR offers a detailed analysis of the Global Virus Filtration Market for the forecast period 2022 to 2026. This study also discloses key drivers and trends driving the sales of the Virus Filtration Market through to a detailed segmentation as follows:

By type:

  • Kits and reagents
  • Services
  • Filtration systems
  • Others

Per application:

  • Organic
  • Medical equipement
  • Water purification
  • Air purification
  • Others

Per end user:

  • Pharmaceutical and biotechnology companies
  • Contract research organizations
  • University research institutes
  • Medical device companies
  • Others

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • AEM

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Key Questions Answered in the Virus Filtration Market Report

  • What is the anticipated market size of the Viral Filtration market in 2022?
  • At what rate will Global Virus Filtration Market sales grow through 2026?
  • What are the factors hampering the demand in the virus filtration market?
  • Which region is expected to dominate the global virus filtration market in 2022-2026?
  • What are the factors driving the sales in the virus filtration market during the forecast period?
  • What is the expected market valuation of the Virus Filtration market during the forecast period?

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About Fact.MR

Fact.MR is a market research and advisory agency with deep expertise in emerging market intelligence. Covering a wide range – from automotive and industry 4.0 to healthcare, technology, chemicals and materials, even to the most specialized categories. We are committed to providing information that helps companies better understand their target markets. We understand that making sense of the vast maze of data can be overwhelming for businesses. That’s why focus on offering information that can really make a difference in terms of results.

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