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.
The viral clearance services report includes a range of inhibitors as well as driving forces of the market which are analysed in both qualitative and quantitative approach so that readers and users get precise information and insights about in vitro diagnostics industry. Statistical data mentioned in the report is symbolized with the help of graphs which simplifies the understanding of facts and figures. The viral clearance services report helps define commerce strategies to the businesses of small, medium as well as large size. The analysis and estimations conducted via this report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.
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Key Market Competitors: Global Viral Clearance Services Market
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.
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.
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
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.
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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
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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