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NEW YORK , Sept. 9, 2022 /PRNewswire/ -- The "Virus Filtration Market by Application and Geography - Forecast and Analysis 2022-2026" report by Technavio expects the market size to increase by USD 1.59 billion , accelerating at a CAGR of 13.73% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here
The global virus filtration market is concentrated and has the presence of several prominent vendors. Prominent vendors in the market Asahi Kasei Corp., Charles River Laboratories International Inc., Danaher Corp., Freudenberg Filtration Technologies SE & Co. KG, General Electric Co., Merck KGaA, Sartorius AG, Synder Filtration Inc., Thermo Fisher Scientific Inc., and WuXi AppTec Co. Ltd. These vendors have established a sizeable market presence.
The competition in the market will become more intense with the growing demand for single-use virus filtration systems. Vendors need to continuously innovate their offerings and build capabilities with less service differentiation. This enables vendors to compete with larger players more effectively, intensifying competition in the market. The increasing regulatory standards and high capital requirements for setting up new production facilities ensure that the threat of emerging players in the market is low. Thus, the global virus filtration market is expected to witness moderate competition during the forecast period.
Although the growing adoption of single-use virus filtration systems will offer immense growth opportunities, the high cost of virus filtration systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here
The global virus filtration market is segmented as below:
The biologics segment will have a significant share of the market over the forecast period. The segment is driven by increased investments in research and development by biotechnology and pharmaceutical companies to develop drugs to treat prevalent and new diseases.
North America will emerge as the key market, occupying 47% of the global market share. The high demand for innovative virus filtration systems for the development and production of research and biologics is driving the growth of the regional market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our virus filtration market report covers the following areas:
Virus Filtration Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the virus filtration market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the virus filtration market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Virus Filtration Market 2022-2026: Key Highlights
Accelerate at a CAGR of 13.73%
North America, Europe, APAC, Middle East and Africa, and South America
US, Canada, China, Japan, and France
Leading companies, competitive strategies, consumer engagement scope
Asahi Kasei Corp., Charles River Laboratories International Inc., Danaher Corp., Freudenberg Filtration Technologies SE & Co. KG, General Electric Co., Merck KGaA, Sartorius AG, Synder Filtration Inc., Thermo Fisher Scientific Inc., and WuXi AppTec Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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