The global Viral Removal Market generated revenue of USD 545 million in 2022 and is expected to reach USD 1,183.68 million in 2032, with a rapid revenue CAGR of 9% during the forecast period. The market's growth is driven by the increasing demand for biopharmaceuticals, advancements in technology, and the healthcare industry's growing awareness of the risks associated with viral infections.
Viral removal is a crucial step in the manufacturing of various products, including monoclonal antibodies, recombinant proteins and glycoproteins, tissue and blood-derived products, and medical devices. The goal is to eliminate or neutralize any viruses present in order to ensure that the final product is microbiologically safe and stable.
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The prevalence of chronic diseases such as cancer and autoimmune diseases is also driving revenue growth in the market. Viral Removal processes have led to the development of novel treatments and biologics to ensure product safety and effectiveness. The need for biopharmaceuticals is increasing due to the rising elderly population and healthcare costs. Technological breakthroughs have led to the emergence of new and innovative viral clearing approaches, which include chromatography, nanofiltration, and Ultraviolet (UV) radiation.
The market is experiencing revenue growth due to the increasing awareness of viral safety in the healthcare industry. Regulatory agencies like the Food and Drug Administration (FDA) and the European Medicines Agency (EMA) have established stringent regulations and guidelines to ensure the safety of biopharmaceutical products in response to the growing incidence of viral diseases like HIV, hepatitis, and Zika virus.
The rising demand for gene treatments and personalized medicine is also expected to drive revenue growth in the market. Viral Removal services are in high demand due to the strict Viral Removal procedures required for these therapies to ensure the product's safety and effectiveness.
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The global Viral Removal market is dominated by several large and medium-sized companies that account for a significant portion of the market revenue. These companies are adopting various strategies, such as mergers and acquisitions, forming strategic agreements and contracts, and developing, testing, and introducing more effective products to maintain their competitive advantage. Among the major players operating in the global Viral Removal market are General Electric Company, Wuxi Biologics, SGS SA, Sigma-Aldrich Co., LLC, Danaher Corporation, Lonza Group Ltd., Merck KGaA, Thermo Fisher Scientific Inc., KANEKA Corporation, and Charles River Laboratories International, Inc.
However, the high cost of viral clearing treatments and the shortage of qualified doctors are major factors that could restrain revenue growth in the market. The complicated nature of viral clearing methods requires the use of qualified personnel and expensive equipment, increasing the overall cost of the process.
The global Viral Removal market is regulated by various government agencies such as the World Health Organization (WHO), the U.S. Food and Drug Administration (FDA), the European Commission, and the International Conference on Harmonization of Technical Requirements for Registration of Pharmaceuticals for Human Use (ICH).
Based on the method, the global Viral Removal market is segmented into viral removal and viral inactivation. The viral removal segment accounted for the largest revenue share in the global Viral Removal market in 2022. The viral inactivation segment is expected to register moderately fast revenue growth during the forecast period.
Based on the application, the Viral Removal market is segmented into biologics, vaccines, gene therapy, blood and blood products. The biologics segment is expected to register the fastest revenue growth rate during the forecast period, while the vaccines segment is expected to account for a significantly large revenue share in the global Viral Removal market during the forecast period.
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