According to the report, the global viral clearance market is estimated to be over US$ 200 Mn in 2017. It is anticipated to grow at a CAGR of 21.0% from 2019 to 2030.
New York, NY -- (SBWIRE) -- 03/13/2020 -- The continual increasing adoption of biopharmaceuticals, namely biologics and other biotherapeutics has presented a bright prospect for the growth of viral clearance market. Increasing funding for R&D has further led to wide scale application of such techniques and application of virus clearance devices.
Major Players in the Viral Clearance Market
The prominent players in the global viral clearance market are VIRUSURE, BSL Bioservice, Texcell, Vironova , Kedrion S.p.A , Charles River, Merck KGaA, WuXi Biologics, Lonza, and Avance Biosciences.
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Viral Clearance Industry is Segmented As:
By Method: Viral Removal, and Viral Inactivation
Application: Blood & Blood Products, Recombinant Proteins, Vaccines
End User: Pharmaceutical & Biotechnology Companies, Academic Research Institutes, Contract Research Organizations
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing growth of the biopharmaceutical industry, continuously growing economy, and increasing burden of chronic diseases is anticipated to present a lucrative growth scenario for the viral clearance market in this region. Furthermore, improving research facilities, coupled with increasing R&D expenditures in the region is expected to present an attractive growth prospect for the market in the coming years.
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Key Answers Captured in Study are
- Which geography would have a greater market for products/services?
- What are the strategies adopted by major players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next ten years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the Viral Clearance market?
- What is the threat to suppliers in geography?
- Which factors are likely to drive demand for the product/service in the near future?
- What is the impact analysis of various factors in the Global Viral Clearance market growth?
- What are the latest trends in the regional market and how successful are they?
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