Global Viral Clearance Services Market is expected to rise from its initial estimated value of USD 286.89 million to an estimated value of USD 1106.49 million by 2026, registering a CAGR of 18.38% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing incidences and prevalence of chronic diseases globally.
This viral clearance services market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of in vitro diagnostics industry. The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market. This viral clearance services report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in the in vitro diagnostics industry. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.
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Few of the major competitors currently working in the viral clearance services market are Charles River; Labor Dr. Merk & Kollegen GmbH; Texcell; Merck KGaA; WuXi AppTec; Sartorius AG; Eurofins Scientific; Bioscience Laboratories; Syngene; Covance Inc.; Vironova; VIRUSURE; Mérieux NutriSciences Corporation; Clean Cells; Kedrion S.p.A; BSL Bioservice; Lonza; Avance Biosciences Inc. and SGS SA.
Increasing number of biopharmaceutical organizations participating in frequent drug launches; this factor is expected to drive the growth of the market
Increased levels of funding, R&D expenditure resulting in innovative and technologically advanced products; this factor is expected to drive the growth of the market
Increased cost and arduous developmental process for drugs and biological products; this factor is expected to act as a restraint for the growth of the market
Lack in adoption of outsourcing the preclinical procedures and activities from the various biopharmaceutical organizations; this factor is expected to restrain the market growth
Reasons to Purchase this Report
Current and future of global viral clearance services market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Segmentation: Global Viral Clearance Services Market
By Product Type
Tissue & Blood Derived Products
Cellular & Gene Therapy Products
Stem Cell Products
Vaccines & Therapeutics
Solvent Detergent Method
Contract Research Organizations (CRO)
Academic Research Institutes
Middle East & Africa
Key Developments in the Market:
In May 2018, Eurofins Scientific announced that they had agreed to acquire PHAST Gesellschaft für Pharmazeutische Qualitätsstandards mbH. This acquisition is expected to promote and expand Eurofins’ biopharmaceutical testing services along with their presence in providing them in Germany and Switzerland.
In September 2016, Merck KGaA announced the launch of “Viresolve Pro Shield H” which is designed for the removal of paroviruses from protein feed streams. The product designed for utilization as a prefilter in combination with Viresolve Pro Devices will provide enhanced effectiveness and efficiency in viral clearance services.
Competitive Analysis: Global Viral Clearance Services Market
Global viral clearance services 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 clearance services market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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