Virus Purification Kits Market: Introduction
Transparency Market Research has published a new report titled “Virus
Purification Kits Market – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2020–2030”. According to the report, the global virus
purification kits market was valued at US$ 1.1 Bn in 2019.
It is expected to expand at a CAGR of ~11% during the forecast
period from 2020 to 2030. Recombinant viral
vectors are highly promising tools for both in vitro and in vivo gene transfer,
and oncolytic virus show encouraging results for cancer & other related
treatment. Virus purification kits provide fast and simple procedures to
concentrate and purify viral vectors from cell lysate and cell culture media. A
large number of vaccines are produced from cell-culture derived virus
particles. Downstream purification strategies can be expensive and account
for 70% of the overall manufacturing costs, which has been
fueling the demand for innovative technologies for virus purification in the
last few years. North America dominated the global virus purification kits
market, in terms of revenue, in 2019. It is expected to continue
its market dominance by the end of 2030.
Rise in Research Funding by Public and Private
Players to Drive Market
R&D is a vital source of innovation, as it contributes to critical
knowledge-based assets as well as strengthens absorptive capacities. Furthermore,
an increase in competition in the market is prompting companies to focus on
R&D by allocating more resources, both in the form of investments and
trained workforce. For instance, Danaher Corporation’s investment in research
& development increased from ~US$ 956 Mn in 2017 to US$
1.1 Bn in 2019. The higher yield of virus particles
received with the help of virus purification kits is also fuelling the global
virus purification kits market.
Increase in support from governmental bodies for biotechnology and
pharmaceutical industries and consistent expansion of biopharmaceutical &
biotechnology industries are major factors driving the global virus
purification kits market.
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Chromatography to be Lucrative Technology
Based on technology, the global virus purification kits market has been
divided into ultracentrifugation, chromatography, nanofiltration, and others.
The ultracentrifugation segment dominated the global virus purification kits
market due to cost-effective methods and the availability of a large number of
products by major companies. Chromatography is likely to be a highly lucrative
segment during the forecast period, owing to faster processing time, higher
recovery rate of virus, simple methods, and highly purified virus offered by
this technology.
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Adenovirus Dominated Global Market
In terms of virus type, the global virus purification kits market has
been segmented into adenovirus, lentivirus, retrovirus, and others. The
adenovirus segment accounted for a major share of the market in 2019.
It is expected to dominate the global virus purification kits market by 2030. Higher
yield of adenovirus particles by latest virus purification kits, major
application in viral vector based drugs, and rising incidence of
adenoviruses-associated respiratory diseases are key drivers of the segment.
Contract Research Organizations (CROs) to be
Promising End User
Based on end user, the global virus purification kits market has been
divided into academic & research institutes, biopharmaceutical &
biotechnology companies, contract research organizations (CROs), and others.
The biopharmaceutical & biotechnology companies segment dominated the
global virus purification kits market in 2019 due to the rise
in adoption of biotherapeutics across the globe and research activities for
drug discovery. Contract research organizations (CROs) is a highly lucrative
segment, which is expected to expand at a high CAGR during the forecast period,
owing to investments in R&D and initiation of research projects across the
globe.
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North America to Lead Global Market
In terms of region, the global virus purification kits market has been
divided into five major regions: North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa. North America accounted for a major
share of the global virus purification kits market in 2019, owing
to favorable policies & regulatory scenario established by governments for
biopharmaceutical industries in the region, highly developed healthcare sector,
increase in preference for biopharmaceuticals over conventional counterparts,
and continuous evolution of technology. A survey report conducted by
Pharmaceutical Researchers and Manufacturers of America (PhRMA) indicated that
the total pharmaceutical R&D expenditure in the U.S. was US$ 48.6
Bn in 2011, which increased to US$ 71.4 Bn in 2017. The
market in Asia Pacific is projected to expand at a high CAGR during the
forecast period due to the expansion of the healthcare sector, growing clinical
trials for new drug development, and low cost of products and labor in the
region.
Competition Landscape
The global virus purification kits market is fragmented in terms of
number of players with entry of several new players in recent years. Key
players in the global market include Merck KGaA, Danaher Corporation,
Thermo Fisher Scientific, Inc., Sartorius AG, Lonza Group Ltd., Asahi Kasei
Corporation, BioVision Inc., PendoTECH, QIAGEN, and Takara Bio Inc. Mergers,
acquisitions & strategic collaborations, and new product & technology
launches in recent years have been major strategies adopted by major companies
in the virus purification kits market.
Global Virus Purification Kits Market: Segmentation
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