Viral Clearance Market Share, Size, Key Players, Trends, Competitive And Regional Forecast To 2028

Market Size – USD 403.5 Million in 2020, Market Growth – at a CAGR of 21.9%, Market Trends – Increasing investment in biopharmaceutical R&D

NEW YORK, NY, UNITED STATES, March 29, 2022 /EINPresswire.com/ -- The global viral clearance market size is expected to reach USD 1,967.68 Million by 2028 at a CAGR of 21.9%, according to the latest report by Reports and Data. Key factors driving market revenue growth include growing global healthcare burden due to increasing prevalence of chronic diseases, increasing private and public funding for biopharmaceutical R&D, rising demand for biologics, and rapid rise in drug discovery and development processes. Technological advancements in nanofiltration and other viral removal methods are also expected to contribute significantly to revenue growth of the market over the forecast period.

Viral clearance entails removal of viral contamination from biological products with the application of customized membranes or chromatography. Viral contamination is a common complication of majority human- and animal-derived biopharmaceuticals. Viruses can be accidently introduced into the manufacturing processes of biological products and can originate from cell lines, cell culture media or from equipment. It is imperative to perform viral testing studies and integrate viral clearance methods into manufacturing processes. Viral clearance studies are an important part of process validation and ensuring safety of drugs. Biopharmaceutical manufacturers have devised alternative methods to overcome viral contaminations caused by cell lines or culture media and this is expected to be a key factor driving market revenue growth over the forecast period.

Viral clearance plays a crucial role in development processes for monoclonal antibodies, recombinant proteins, tissue and blood derived products, and medical devices. It is important to recognize which viruses can potentially contaminate a product and enter its manufacturing processes and this has boosted demand for efficient viral-clearance validation processes. This is expected to drive market growth over the forecast period. However, high costs associated and lengthy drug development processes are expected to restrain market growth to a certain extent over the forecast period.

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Leading companies operating in the market and profiled in the report include:

Charles River Laboratories International, Inc., WuXi Biologics, Lonza Group, Merck KGaA, Sigma-Aldrich Corporation, Avance Biosciences Inc., BSL BIOSERVICE, Clean Cells, SGS S.A., Texcell, Inc., and Vironova Biosafety.

Market Overview:

The pharmaceutical and healthcare sector is rapidly expanding in terms of revenue in the recent years and is expected to register robust CAGR over the forecast period of 2028. Factors such as rapid advancements in the pharma and healthcare sector, adoption of latest technologies, tools and equipment, emergence of various new diseases and improvements in healthcare facilities and infrastructure. In addition, rising healthcare expenditure, increasing per capita income in the developing countries and favorable reimbursement policies are fueling market growth. Increasing funds by various public and private sectors and increasing investments to develop enhanced products and devices are also boosting market growth. Moreover, increasing preference for ambulatory services and point of care services, and increasing funds for research centers and hospitals for drug discovery is expected to fuel market growth going ahead.

Competitive Landscape:

The report provides details about competitive landscape of global Viral Clearance market focusing on every market player, its global position, revenue generation product portfolio, company overview, financial planning and business expansion plans. The global Viral Clearance market is quite competitive and comprises various key players at global and regional levels. Key players are investing in research and development activities, and strategizing various plans such as mergers and acquisitions, partnerships, joint ventures, new product launches, to enhance their product base and strengthen their market position.

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Viral Clearance Market Segmentation:

Method Outlook (Revenue, USD Million; 2018-2028)

Viral Removal
Chromatography
Nanofiltration
Precipitation
Viral Inactivation
Low pH
Solvent Detergent Method
Pasteurization
Other Viral Inactivation Methods
Viral Detection

Application Outlook (Revenue, USD Million; 2018-2028)

Recombinant Proteins
Blood and Blood Products
Vaccines
Other Applications

End-use Outlook (Revenue, USD Million; 2018-2028)

Pharmaceutical & Biotechnology Companies
Contract Research Organizations (CROs)
Academic & Research Institutes
Others

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Regional Outlook:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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