Viral Clearance Service Market: Escalating Demand in Biotechnology & Pharmaceutical Industries Prop up the Growth

Published on : Dec 21, 2018

Albany, New York, December 21, 2018: The demand for viral clearance has shored up which could be attributed to preference for outsourcing of viral clearance testing studies, surge in research and development expenditure and rise in demand for virus removal   during their early stages of development. Besides, growing awareness with respect to safety linked with the use of vaccines and health care and worry of viral effects of blood-derived products are further said to fuel the market. These insights are in line with the report titled, “Viral Clearance Service Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been latterly included in the repository of Market Research Hub (MRH). In terms of revenue, the viral clearance service market is estimated to grow at a splendid CAGR of around 15% during the assessment period.

The market has been bolstered on account of escalating demand in biotechnology and pharmaceutical industries along with the increase in the number of new drug being rolled out in different segments. Besides, the rampant diseases namely, diabetes, cardiovascular and oncological; focus on innovative treatment therapies; growing economies of the world and technological advancements are propelling the viral clearance service market.

However, escalating cost and hardships involved in the approval and development of biologics and biosimilars coupled with dip in preclinical outsourcing budged by some of the pharmaceutical companies have restrained the growth of the viral clearance service market.

Viral Clearance Service Market: Report Content

The report provides a qualitative and quantitative analysis of the viral clearance service market. The report delves into drivers, restraints, opportunities and trends in the market overview section. The report does an exhaustive analysis of the market through segregation. The market has been segmented on the basis of application, method, end-user and region.

On the basis of application, the report segregates the market into recombinant proteins, tissue and blood derived products, vaccines and others. With regards to method, the market has been segmented into viral removal and viral inactivation. With respect to region, the market has been segregated into biopharmaceuticals, contract research organization, academic research institutes and other end-users. Regionally, the market covers North America, Europe, Latin America, Asia Pacific and Middle East & Africa.

The final section of the report includes competitive landscape with attributes such as financial overview, company overview, product portfolio, business strategies and recent developments. Some of the companies which have been profiled are Eurofins Scientific SE, Texcell, Charles River Laboratories International Inc., WuXi AppTec, Merck KGaA, Clean Cells and Vironova Biosafety.

Viral Clearance Service Market: Research Methodology

The report is the result of an exhaustive research methodology incorporating secondary and primary research. The analysis in the report is on account of secondary research, primary interviews and reviews by expert panel.

The secondary research include trade journals, financial reports, SEC filings, broker reports, company websites, Factiva, statistical database and industry white paper. Besides, it also incorporates national government documents, press releases, news articles and internal & external proprietary databases. The primary research incorporate surveys, e-mail interaction, interviews analysis of seasoned analyst and phonic interviews. To provide the readers with an honest report, expert panel assesses the data collated from different sources.

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