Market Challenges And Opportunities

However, factors such as stringent regulations for validation of filtration products and risk associated with the filtration are expected to hamper the growth of the market.

Global Virus Filtration Market Drivers:

Increasing demand for biologics to augment market growth

One of the key factors expected to augment the growth of the global virus filtration market during the forecast period is the increasing demand for biologics across the globe. With the rise in burden of chronic and immunological diseases, the demand for therapeutic biologics is also increasing. In February 2021, Hangzhou Sciwind Biosciences Co. Ltd. (Sciwind) received US$ 37 Million Series B financing from LYFE Capital to accelerate the research and development of innovative biologics in the therapeutic area of chronic metabolic and immunological diseases.

Rise in drug development to underpin market growth

Another factor which is driving the growth of the global virus filtration market is the rise in drug development around the world. For instance, there is an increase in demand for novel drugs owing to the rise in global disease burden. Thus, market players are focusing in developing and launching novel drugs in the market. In September 2021, Clean Cells planned to invest around US$ 15 million for a new production facility in Montaigu‑Vendée, France to speed up the development and time-to-market of novel treatments and vaccines for COVID‑19.

Global Virus Filtration Market Opportunities:

Increase in prevalence of chronic disease across the globe is expected to provide significant growth opportunities for players in the global virus filtration market. For instance, with the rise in burden of chronic disease, the demand for novel drugs or biologics is also increasing with the rapid pace. Pharmaceutical and biopharmaceutical facilities require virus filtration during drug development to maintain their sterilized condition. According to the World Health Organization (WHO), chronic diseases are the leading cause of death and disability across the world. Heart disease has remained the leading cause of death at the global level in the past few years.

The outbreak of COVID-19 (global pandemic) is expected to offer lucrative growth opportunities for players in the global virus filtration market. For instance, in August 2021, Hong Kong-based Aurabeat announced the launch of anti-COVID Class 2 medical-grade air purifier in India. Using the patented AG+ five-stage sterilization purifying technology, antiviral air purifier cleans the air up to 3.4 times in a hour. According to the actual experimental test results using COVID-19 viruses in the U.S. virology laboratory, MRI Global, Aurabeat AG+ Silver ion Antiviral air purifier proved to effectively eliminate 99.9% coronavirus in 15 minutes.

Global Virus Filtration Market Restraints:

Stringent rules and regulations to hinder market growth

One of the key factors expected to hamper the growth of the virus filtration market is the stringent regulations for validation of filtration products. Pharma/biotech companies are implementing virus filtration in their manufacturing process owing to the regulations, but they are required to validate that filtration process. The U.S. Food and Drug Administration (FDA) requires the manufacturers of biotech products to demonstrate the clearance capability of their manufacturing processes with one relevant retrovirus (murine retrovirus) before starting Phase I studies.

Risk associated with filtration to hamper market growth

Another factor which is hampering growth of the global virus filtration market is the risk associated with the filtration. The biological therapeutic products are found to be manufactured by deploying human cells. There are high chances of them getting contaminated with either known or unknown viruses. Filtration is a mainstay in many processes to ensure the removal of viruses in biological products. Hence, regulatory authorities have mandated manufacturers to evaluate the risks of virus contamination and take necessary measures to mitigate these risks.

Global Virus Filtration Market Restraints: