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Virus Filtration Market size worth $ 8.35 Billion, Globally, by 2028 at 12.60% CAGR: Verified Market Research® – PR Newswire UK

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11 Jul, 2022, 14:15 BST
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The Virus Filtration Market has witnessed strong growth owing to the increasing number of chronic diseases, Moreover, the rapid growth in the R&D sector and discoveries, and government support are also propelling the growth of the market.
JERSEY CITY, N.J., July 11, 2022 /PRNewswire/ — Verified Market Research recently published a report, "Virus Filtration Market" By Type (Kits and Reagents, Services, Filtration Systems), By Application (Medical Devices, Water Purification, Air Purification), By End-user (Pharmaceutical & Biotechnology Companies, Contract Research Organizations), and By Geography. According to Verified Market Research, the Virus Filtration Market size was valued at USD 3.21 Billion in 2020 and is projected to reach USD 8.35 Billion by 2028, growing at a CAGR of 12.60 % from 2021 to 2028.
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Browse in-depth TOC on "Virus Filtration Market"
202 – Pages
126 – Tables
37 – Figures
Global Virus Filtration Market Overview
The global Virus Filtration Market is principally driven by the increased incidence of chronic diseases, including cancer, diabetes, and autoimmune disorders. According to the report of the World Health Organization, cancer is the second principal cause of death globally. Globally, approximately 1 out of 6 deaths is due to cancer. This supports the research and development expenditures by biopharmaceutical companies to bring more variation where virus filtration techniques are extremely useful. Hence, the upsurge in research & development expenses coupled with government initiatives also boosts the market globally.
In addition, rapid growth in the demand for biopharmaceutical products is another crucial factor driving the growth of the global Virus Filtration Market. The ability of biotherapeutics to treat diseases and ailments and not merely its symptoms with high efficacy and minimal side effects has been crucial in the continual adoption of these products. Moreover, the increasing adoption of single-use technologies, coupled with rapid technological advancement is anticipated to propel the market growth during the forecast period. Despite having numerous advantages of virus filtration, some factors restrain and challenge market growth. The rigorous rules & regulations regarding the filtration of products is the major factor expected to restrict the growth of virus filtration during the forecast period.
Key Developments
Key Players
The major players in the market are Merck KGaA, GE Healthcare, Thermo Fisher Scientific Inc., Lonza Group Ltd., Pall Corporation, Charles River Laboratories International, Inc., Sigma-Aldrich Corporation, Sartorius AG, Asahi Kasei Medical Co., Ltd., and WuXi PharmaTech (Cayman) Inc.
Verified Market Research has segmented the Global Virus Filtration Market On the basis of Type, Application, End-User, and Geography.
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Visualize Virus Filtration Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
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