The Asia-Pacific region will simultaneously achieve the fastest CAGR of 10.0% through 2031. Increase in investment by market players and increase in government support will fuel the market growth.
According to the report published by Allied Market Research, the global viral clearance industry was estimated at $425.9 million in 2021 and is projected to reach $977.8 million by 2031, registering a CAGR of 8.6% from 2022 to 2031.
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Increase in demand from pharmaceutical and biotechnology industries, new drug release in various segments and associated approval processes are driving the growth of the global Viral clearance market. On the other hand, a high degree of integration law hinders growth to some extent. However, the emergence of new drugs and government policies have paved the way for lucrative opportunities for major players in the industry.
Covid-19 Situation-
The outbreak of the epidemic had a significant impact on the demand for viral clearance. Pharmaceutical and biotech companies around the world were working together to tackle the pandemic, from developing vaccines to managing drug supply chain issues.
Moreover, commonly used drugs such as hydroxychloroquine have dramatically increased demand for the management of Covid-19. This high demand for these drugs has created huge opportunities for drug manufacturers to manage Covid-19, as there is a shortage of these drugs in many developed countries.
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๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐
The viral removal segment accounted for nearly three-fifths of the global viral clearance market share in 2021 and is expected to remain the leader till 2031. This segment is expected to exhibit the fastest CAGR of 8.9% as per the forecast. Over time, awareness of the benefits of viral elimination has increased among healthcare professionals and consumers.
Recombinant Proteins segment accounted for nearly two-fifths of the global viral clearance market revenue in 2021 and is expected to grow by 2031 due to increasing use of recombinant proteins drugs. On the other hand, the cellular and gene therapy products segment will reveal the fastest CAGR of 10.1% from 2022 to 2031.
๐๐๐๐๐ข๐ง๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
โข Creative Biogene
โข Eurofins Scientific SE
โข Maravai Lifesciences Holding, Inc.
โข Wuxi Biologics Inc.
โข Allure Medical Group
โข Merck KGaA
โข Clean Cells
โข Sartorius Stedium Biotech
โข Syngene International Limited
โข Charles River Laboratories International, Inc.
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Immunohistochemistry Market
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