VIRUS FILTRATION MARKET ANALYSIS

Virus Filtration MarketSize and Trends

The global virus filtration market was valued at US$ 4.44 Bn in 2022 and is forecast to reach a value of US$ 12.92 Bn by 2030 at a CAGR of 14.3% between 2023 and 2030. The global virus filtration market is experiencing strong growth due to the increasing demand for biologics and rise in drug development around the world. Moreover, rise in prevalence of chronic disease and the outbreak of COVID-19 (global pandemic) is expected to boost the growth of the market.

Global Virus Filtration Market Trends:

Rise in demand for virus filtration is a recent trend

There is increasing demand for virus filtration products as they are widely employed by different industries to develop products with high grade of safety and safeguard health. Moreover, with the increasing number of pharmaceutical and biopharmaceutical/biotech facilities worldwide, demand for virus filtration products is also increasing with the rapid pace. This trend is expected to continue over the forecast period, driving the growth of the market.

Increase in research and development is another trend

With the increase in prevalence of chronic disease worldwide, the demand for novel vaccines or pharmaceuticals is also increasing. Players in the market are engaged in research and development (R&D) activities to develop ground-breaking vaccines/pharmaceuticals. R&D and production of vaccines and pharmaceuticals require some sort of virus filtration to be in the sterilized condition. This trend is also expected to continue over the forecast period.