Research Nester published a report titled “Viral Clearance Service Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global viral clearance service market in terms of market segmentation by method, application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global viral clearance service market is estimated to occupy a hefty amount of revenue by growing at a CAGR of ~21% during the forecast period, i.e., 2022 – 2031, ascribing to the rising need for viral clearance, and increasing demand for specialty drugs across the globe. Along with these, surging demand for virus inactivation in products, large economic burden of chronic diseases worldwide, and allocation of heavy investments to conduct research & development activities by pharmaceutical companies are also expected to drive the growth of the market in the upcoming years.
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The market is segmented by method, application and end user. Based on method, the viral removal segment is anticipated to acquire the largest share during the forecast period in view of the high usage of this technique resulting from its excellent speed, accuracy and flexibility. Additionally, by end user, the CROs segment is projected to observe notable growth over the forecast period attributing to the growing outsourcing of drug discovery services to CROs by academic institutes, biotechnology companies and pharmaceutical firms around the world.
Geographically, the global viral clearance service market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period attributing to the surge in funding for medical research, and increasing generics development and manufacturing in the region. Moreover, the market in North America is assessed to acquire the largest share over the forecast period on the back of the growing number of drug approvals, and strong presence of prominent market players in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Need for Viral Clearance Around the World to Bolster Market Growth
The world is witnessing a mounting need for viral clearance, now more than ever. This can be credited to the fact that pharmaceutical organizations need to practice viral safety and incorporate virus clearance into the manufacturing process, which in turn is anticipated to drive market growth in the near future.
However, time-intensive development process for viral drugs is expected to operate as key restraint to the growth of the global viral clearance service market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global viral clearance service market which includes company profiling of Labor Dr. Merk & Kollegen GmbH, Merck KGaA, Sartorius AG, Syngene International Limited, Mérieux NutriSciences Corporation, Kedrion S.p.A, Lonza AG, SGS SA, Charles River Laboratories International Inc., Texcell Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global viral clearance service market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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