Global Viral Inactivation Market - 2022-2029
Market Overview
Viral Inactivation Market is expected to grow at a high CAGR of 11.0% during the forecasting period (2022-2029).
Viral inactivation is the first of the committed steps intended to improve the safety of biotherapeutic products. Viral inactivation testing is essential by regulatory authorities for investigational new drug (IND) submission. It is critical in process development for biologicals, including stem cell products, tissue and tissue products, blood and blood products, cellular and gene therapy products, and vaccine and therapeutics. The key drivers for the market are rapid growth in the pharmaceutical and biotechnology industries and the robust trend of R&D investments in the life sciences industry. Increasing chronic disease burden, rising number of new drug launches, and increasing government support for the pharmaceutical and biotechnology industries will propel the growth of this market.
Market Dynamics: Rising R&D investments in the life sciences industry drives viral inactivation market.
Investors have a keen interest in the life sciences industry and, therefore, raise their investments in the life science industry. This interest has increased with the rising development of a vaccine and R&D in enhancing effective treatment solutions for COVID-19, including other medical breakthroughs. It is expected to create increased demand for solutions used in the life science industry, including viral inactivation products and services.
Moreover, the large economic burden of chronic diseases drives the market growth in the forecast period. Chronic diseases have substantial health and economic costs in the United States. The economic burden of chronic diseases is continuously increasing globally, especially in low and middle-income economies, which lack developed healthcare infrastructure. With the rising economic burden of chronic diseases, the demand for viral inactivation will increase during the forecast period.
Market Segmentation: Vaccines and therapeutics segment will project the fastest growth in the market throughout the forecast period
Based on the application, the viral inactivation market has been classified into blood & blood products, cellular & gene therapy products, stem cell products, tissue & tissue products, and vaccines and therapeutics.
Vaccines and therapeutics are expected to project the fastest rate in the global market due to the rise in biologics production and an increase in government funding, majorly for the promotion of biologics in the treatment of various chronic diseases. Moreover, the increasing R&D innovation in several applications, such as stem cell research and cellular & gene therapy, has contributed substantially to the market's growth.
Based on the product, the viral inactivation market has been classified into kits, reagents, services, and viral inactivation systems and accessories.
The kits and reagents segment held significant market share in the global viral inactivation market in 2022. This dominance is attributed to the continuous usage of viral activation by pharmaceutical and biopharmaceutical companies. A wide range of kits and reagents are used in the process of viral activation. Therefore, owing to the increasing utilization of kits, consumables, and reagents in various end-use industries, the kits and reagents are the majorly used products in the viral activation market.
Geographical Penetration: North America is the dominating region during the forecast period.
Based on geography, the study analyzes the viral inactivation market in the global market, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
North America dominates the global viral inactivation market with the largest share in terms of value and volume globally, followed by Europe. The US dominated the North America viral inactivation market in 2019. The adoption of advanced technologies by the pharmaceutical industry, well-developed healthcare infrastructure, and the rising number of drug approvals are certain factors that are driving the growth of the market during the forecast period.
Asia Pacific is expected to project a considerable CAGR in the market during the forecast period. The expansion of healthcare giants in rapidly emerging markets, such as China, India, and others. These multinational companies are significantly investing in the healthcare sector in the Asia Pacific region.
Competitive Landscape:
The viral inactivation market is highly competitive, owing to the large presence of viral inactivation brands. The key viral inactivation players include Charles River Laboratories International, Inc., Clean Cells Inc., Danaher Corporation, Cerus Corporation, Parker Hannifin Corporation, Merck KGaA, Rad Source Technologies, Inc., Sartorius AG, SGS SA, and Wuxi Pharmatech (Cayman) Inc. The crucial players are adopting new product launches and expansion strategies for global growth in the viral inactivation market. In March 2021, Charles River laboratories completed the acquisition of cognate BioServices, a premier cell and gene therapy contract development and manufacturing organization (CDMO) that offers comprehensive manufacturing solutions for cell therapies for approximately $875 million. This acquisition helps increase the company's revenue and accelerate its cell and gene therapy programs from non-clinical development through commercialization. In June 2021, Danaher Corporation announced that they have the agreement to acquire Aldevron for the purchase price of $9.6 billion. Privately held company Aldevron joined Danaher's Life Sciences segment. This acquisition helps to expand capabilities into the important field of genomic medicine. In May 2022, Cerus Corporation announced 10 years of new manufacturing and supply agreements with Fresenius Kabi for Intercept Blood System Sets. This agreement will support the growing global demand for the intercept blood system and help expand patient access to pathogen-reduced blood components.
COVID-19 Impact: Positive impact on the global viral inactivation market.
COVID-19 has significantly impacted the market value of the viral inactivation market globally. Pharmaceutical companies are working on better drugs and vaccines. Most pharmaceutical companies are undergoing several trials with these drugs; Food and Drug Association has imposed strict regulations on these companies to undergo this process of viral inactivation, which is one of the reasons to boost the market during the pandemic. The demand for viral inactivation has increased with the rising inactivation of the virus of COVID-19, severe acute respiratory syndrome. Therefore, considerable growth was estimated in the viral inactivation market in 2020.
The global viral inactivation market report would provide an access to approximately 83 market data tables, 68 figures and 170 pages
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Market Definition and Overview
- 3. Executive Summary
- 3.1. Market Snippet by Method
- 3.2. Market Snippet by Product
- 3.3. Market Snippet by Application
- 3.4. Market Snippet by End-Users
- 3.5. Market Snippet by Region
- 4. Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increasing investment in life sciences industries
- 4.1.1.2. Rise in government funding
- 4.1.2. Restraints:
- 4.1.2.1. High degree of market consolidation
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Value Chain Analysis
- 5.4. PEST Analysis
- 5.5. Pricing Analysis
- 5.6. Regulatory Analysis
- 5.7. Reimbursement Analysis
- 5.8. Unmet Needs
- 5.9. Patent Trends
- 6. COVID-19 Analysis
- 6.1. Analysis of Covid-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid Covid-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Method
- 7.1. Introduction
- 7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method Segment
- 7.3. Market Attractiveness Index, By Method Segment
- 7.3.1. Solvent Detergent Method*
- 7.3.1.1. Introduction
- 7.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
- 7.3.2. Pasteurization
- 7.3.3. Others
- 8. By Product
- 8.1. Introduction
- 8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Segment
- 8.3. Market Attractiveness Index, By Product Segment
- 8.3.1. Kits and Reagents*
- 8.3.1.1. Introduction
- 8.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
- 8.3.2. Services
- 8.3.3. Viral Inactivation Systems and Accessories
- 9. By Application
- 9.1. Introduction
- 9.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
- 9.3. Market Attractiveness Index, By Application Segment
- 9.3.1. Vaccines and Therapeutics*
- 9.3.1.1. Introduction
- 9.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
- 9.3.2. Blood and Blood Products
- 9.3.3. Cellular and Gene Therapy Products
- 9.3.4. Tissues and Tissue Products
- 9.3.5. Stem Cell Products
- 10. By End-Users
- 10.1. Introduction
- 10.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 10.3. Market Attractiveness Index, By End-Users
- 10.3.1. Pharmaceutical and Biotechnology Companies*
- 10.3.1.1. Introduction
- 10.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
- 10.3.2. Contract Research Organizations
- 10.3.3. Others
- 11. By Region
- 11.1. Introduction
- 11.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
- 11.3. Market Attractiveness Index, By Region
- 11.4. North America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method
- 11.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
- 11.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 11.4.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. U.S.
- 11.4.7.2. Canada
- 11.4.7.3. Mexico
- 11.5. Europe
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method
- 11.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
- 11.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 11.5.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. Germany
- 11.5.7.2. U.K.
- 11.5.7.3. France
- 11.5.7.4. Italy
- 11.5.7.5. Spain
- 11.5.7.6. Rest of Europe
- 11.6. South America
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method
- 11.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
- 11.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 11.6.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 11.6.7.1. Brazil
- 11.6.7.2. Argentina
- 11.6.7.3. Rest of South America
- 11.7. Asia Pacific
- 11.7.1. Introduction
- 11.7.2. Key Region-Specific Dynamics
- 11.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method
- 11.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
- 11.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
- 11.7.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 11.7.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 11.7.7.1. China
- 11.7.7.2. India
- 11.7.7.3. Japan
- 11.7.7.4. Australia
- 11.7.7.5. Rest of Asia Pacific
- 11.8. Middle East and Africa
- 11.8.1. Introduction
- 11.8.2. Key Region-Specific Dynamics
- 11.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Method
- 11.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
- 11.8.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
- 11.8.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 11.8.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Charles River Laboratories International, Inc.*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. Clean Cells Inc.
- 13.3. Danaher Corporation
- 13.4. Cerus Corporation
- 13.5. Parker Hannifin Corporation
- 13.6. Merck KGaA
- 13.7. Rad Source Technologies, Inc.
- 13.8. Sartorius AG
- 13.9. SGS SA
- 13.10. Wuxi Pharmatech (Cayman) Inc.
- 13.11. Bioteke Corporation
- 13.12. Hangzhou Qijulongyuan Medical Equipment
- 13.13. Shenzhen Zijian Biotechnology Co., Ltd.
- 13.14. Guangdong Poctman Life Technology Co., Ltd. (List Not Exhaustive)
- 14. Premium Insights
- 15. DataM Intelligence
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us
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