Global Viral Inactivation Market: Development, Growth, Key Factors and Forecast to 2021
The Global Viral Inactivation Market was valued at USD 320.5 Million in 2016 and poised to grow at a CAGR of 12.3% between 2016 and 2021, to reach USD 573.0 Million in 2021. Viral inactivation testing is necessary by regulatory authorities for investigational new drug (IND) submission and is mainly critical in process development for biologicals including tissue and tissue products, stem cell products, cellular and gene therapy products, blood and blood products, and vaccine and therapeutics. The major drivers for the market are rapid growth in pharmaceutical and biotechnology industries and strong trend of R&D investments in life sciences industry. Increasing number of new drug launches, rise in chronic disease burden, and increasing government support for the pharmaceutical and biotechnology industries will also aid the growth of this market.
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Key Market Players
Clean Cells (France), Charles River Laboratories
International, Inc. (U.S.), Danaher Corporation (U.S.), Merck KGaA (Germany),
Parker Hannifin (U.S.), Rad Source Technologies (U.S.), Sartorius AG (Germany),
SGS S.A. (Switzerland), Texcell, Inc. (France), Viral Inactivated Plasma
Systems SA (Switzerland), and WuXi PharmaTech (Cayman) Inc. (China).
This research report categorizes the global viral
inactivation market into the following segments and subsegments:
Viral Inactivation Market By Method
·
Solvent Detergent Method
·
Pasteurization
·
Other Viral Inactivation Method
Viral Inactivation Market By Product
·
Kits and Reagents
·
Services
·
Viral Inactivation Systems and Accessories
Viral Inactivation Market By Application
·
Blood & Blood Products
·
Cellular & Gene Therapy Products
·
Stem Cell Products
·
Tissue & Tissue Products
·
Vaccines and Therapeutics
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Viral inactivation is important and mandatory step in the
manufacturing process of biological products to remove or inactivate potential
contaminant viruses. These biological products are used for the treatment and
diagnostic purposes in humans. As the disease burden in the world is increasing
the demand for the medicines is increasing hence the production of biologicals,
injectables etc., is on a rise. Also,
many of pharmaceutical and biotechnology firms are gearing to cater to
the growing demands of medicines. This aids to the growth of market.
This report segments the global viral inactivation market
into method, product, application, end user, and geography. The method segments
included in the report are solvent detergent method, pasteurization, and other
methods. Other viral inactivation method includes low pH, microwave heating,
irradiation, and high-energy light.
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