Global Virus Filtration Market: Trends, Opportunities, and Forecast Analysis
The global virus filtration market size is expected to reach USD 9.5 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 10.1% from 2023 to 2030. Increasing demand for biological products such as vaccines, therapeutic proteins, blood and blood products, cellular and gene therapy, tissue, and stem cell products is a major factor driving the growth. Biopharmaceuticals are mainly derived from human, animal, and plants and therefore require a scrutinized virus filtration procedure to avoid virus contamination in the production. Therefore, the necessity of this procedure during the production of biologics is expected to boost the market growth. Many leading biopharmaceuticals and biotechnology manufacturers are involved in R&D to develop innovative biological products. For instance, in 2016, Pfizer Inc. invested USD 7,872.0 million in R&D, which was around 8% more than the R&D investm...