Virus Filtration Market is anticipated to grow at a 12.1% CAGR from 2019 to 2030

Market Industry Reports (MIR) has published a new report titled “Virus Filtration Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global virus filtration market is estimated to be over US$ 1,200 Mn in 2017. It is anticipated to grow at a CAGR of 12.1% from 2019 to 2030.

Increasing Investments in R&D

Rising prevalence and incidences of several diseases worldwide has triggered the need for advanced R&D scenario across all sectors of biotechnology, pharmaceuticals and research establishments. Both public and private sectors are now focusing on new innovative techniques, and ideas to obtain latest medical breakthroughs.

According to studies, it was estimated that the total spending on R&D by mid-market biotechnology companies, witnessed an increment of approximately 18% between 2015 and 2016. Growing need to address several forms of ailments has been crucial in dictating the funding and R&D spending by governmental establishments as well as major market players and other research institutes. Increasing R&D investments and spending is anticipated to positively contribute to the growth of the global virus filtration market.

Get FREE Sample Pages with TOC to understand the structure of the complete report @ https://www.marketindustryreports.com/pdf/42

The prominent players in the global virus filtration market are
Asahi Kasei Corporation
Merck KGaA
Sartorius AG
Thermo Fisher Scientific
Inc.
General Electric
Charles River
PendoTECH
Danaher
Lonza and Medical Respiratory Devices among others
Scope of the Report:
Virus filtration is an important step in the biopharmaceutical industry, as it ensures that the products are adequately purified to be fit for consumption. Virus filtration also helps to optimize process economics and prevents the loss of valuable products.


Market Drivers and Restraints:

Growth in the biopharmaceutical industry will drive the market growth
Increasing adoption of single-use technologies will propel market
Rising chronic diseases such as diabetes and cancer among population is also contributing as a factor for the growth of this market
Growing demand for therapeutic biologics is also driving market
Rising government support for biotechnology and pharmaceutical industry
Strict rules associated with the filtration product validation will restrain the market
Highly consolidated market also hampers the market growth
Rising competition among manufacturers will also restrict the market growth

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