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HEALTHCARE & PHARMACEUTICAL

Viral Clearance Service Market Segmentation by Method (Viral Removal, and Viral Inactivation); by Application (Recombinant Proteins, Blood, and Vaccines); and by End User (Pharmaceutical & Biotechnology Companies, and CROs) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • December 2021- Boehringer Ingelheim announced the acquisition of Labor Dr. Merk & Kollegen for strengthening its next generation cancer immunology program and viral-based therapy development.

  • September 2021- Merck expanded BioReliance Viral Clearance offering in Singapore for ensuring the safety and quality of biological drugs during the clinical development process.

Global Viral Clearance Service Market Highlights Over 2022 - 2031

The global viral clearance service market is estimated to garner a hefty amount of revenue by growing at a CAGR of ~21% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing need for viral clearance, coupled with the growing demand for specialty drugs around the world. In 2019, the penetration of specialty drugs in the United States alone was more than 38%, whereas the same units in the United Kingdom and Germany was about 45% and 49% that year. Along with these, rising demand for virus inactivation in products, and large economic burden of chronic diseases are also expected to drive the growth of the market in the years to come. According to the Centers for Disease Control and Prevention (CDC), as of 2022, in the United States alone, 6 in 10 adults were suffering from a chronic disease. Also, these diseases amount for about USD 3.8 trillion in annual healthcare costs in the US. Furthermore, integration of techniques, such as chromatography and nanofiltration, in the field of biology is helping in the regulating the level of virus clearance. As a result, prominent pharmaceutical companies are investing heavily for conducting R&D activities, which in turn is projected to offer ample growth opportunities to the market in the near future.

Viral Clearance Service Market

The market is segmented by end user into pharmaceutical & biotechnology companies, and CROs, out of which, the CROs segment is anticipated to witness notable growth in the global viral clearance service market. This can be accounted to the ability of contract research organizations, or CROs, to invest in extensive drug discovery infrastructure. Apart from this, increase in the outsourcing of drug discovery services to CROs by academic institutes, biotechnology companies and pharmaceutical firms is also predicted to boost the market growth in the future. Additionally, on the basis of method, the viral removal segment is assessed to grab the largest share during the forecast period high utilization of this method as a result of its excellent speed, accuracy and flexibility. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Viral Clearance Service Market Regional Synopsis

Regionally, the global viral clearance service market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the growing funding for medical research, and rise in generics development and manufacturing in the region. In addition, presence of a large number of CROs for providing preclinical and clinical research services, especially in China, is also expected to drive market growth in the coming years. Moreover, the market in North America is projected to occupy the largest share during the forecast period ascribing to the increase in the number of drug approvals, and strong footprint of market players are projected to offer ample growth opportunities to the market in the near future. The United States Federal Drug Association (FDA) approved 48 novel drugs in 2021, up from 24 drugs per year a decade ago. The 5-year average sits at 50 drugs per year in that country.

Viral Clearance Service Market Share

The global viral clearance service market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global viral clearance service market includes the following segments:

By Method

  • Viral Removal
  • Viral Inactivation

By Application

  • Recombinant Proteins
  • Blood
  • Vaccines

By End User

  • Pharmaceutical & Biotechnology Companies
  • CROs

Growth Drivers

  • Increasing Need for Viral Clearance Across the Globe
  • Growing Demand for Specialty Drugs Worldwide

Challenges

  • Time-Intensive Development Process for Viral Drugs

Top Featured Companies Dominating the Market

  • Labor Dr. Merk & Kollegen GmbH
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • 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.

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