Global
viral inactivation market is registering a healthy CAGR of 12.97% in the
forecast period of 2019-2026. This rise in the market value can be attributed
to the surging R&D innovation, and drug discoveries and increasing
government support for the pharmaceutical and biotechnology industries across
the globe. Few of the major market competitors currently working in the global
viral inactivation market are Danaher, Merck KGaA, PARKER HANNIFIN
CORP, Sartorius AG, SGS SA, Charles River, Clean Cells, Rad Source
Technologies, Texcell, WuXi AppTec, GENERAL ELECTRIC, Sigma-Aldrich Co., Thermo
Fisher Scientific Inc., MacoPharma, Cerus Corporation, TERUMO BCT, INC., Weigao
group, SCI Automation, Pall Corporation, Eurofins Scientific among others.
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Market Definition: Global Viral
Inactivation Market
Viral inactivation is a dynamic component of the process of
viral clearance that is compulsory for any phase of drug development.
Regulatory officials such as the FDA have deepened the demand for viral
inactivation in numerous applications including stem cell products,
therapeutics, blood & blood products, tissue & tissue products, cell
& gene treatment and vaccines.
Segmentation: Global Viral
Inactivation Market
·
Global Viral Inactivation Market By Method
(Solvent Detergent Method, Pasteurization, Other Viral Inactivation Method)
·
Product (Kits and Reagents, Services, Viral
Inactivation Systems and Accessories)
·
Application (Blood & Blood Products,
Cellular & Gene Therapy Products, Stem Cell Products, Tissue & Tissue
Products, Vaccines and Therapeutics)
·
End User (Pharmaceutical and Biotechnology
Companies, Contract Research Organizations, Blood Banks, Hospitals, Academic
Research Institutes, Other End Users)
·
Geography (North America, South America, Europe,
Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
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Market Drivers
- Surging R&D innovation and FDA allowance leads to commercialization of new drugs, is helping in growth of the market
- Increasing number of drug launches, are driving the growth of the market
- Rapid growth in biotechnology industries and pharmaceutical industries, fosters the growth of the market
- Growing government support for the biotechnology and pharmaceutical industries across the globe, drives the market growth
Market Restraints
High degree of consolidation, to act as a major barrier for
new entrants
High costs associated with the manufacture of biosimilar
products, is likely to hamper the growth of the market
Key Developments in
the Market:
In August 2019, Rad Source Technologies launched
aspergillus, mold, mildew, and pathogen remediation technology. This new
technology is government supported and also widely preferred in Canada and the
Netherlands.
Competitive Analysis:
Global viral inactivation market is highly fragmented and
the major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of viral inactivation market for global, Europe, North America, Asia-Pacific,
South America and Middle East & Africa.
Key insights in the
report:
•
Complete and distinct analysis of the market
drivers and restraints
•
Key Market players involved in this industry
•
Detailed analysis of the Market Segmentation
•
Competitive analysis of the key players involved
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