Global viral inactivation market is registering a healthy CAGR of 12.97% in the forecast period of 2019-2026. This rise in the market value can be attributed to the surging R&D innovation, and drug discoveries and increasing government support for the pharmaceutical and biotechnology industries across the globe. Few of the major market competitors currently working in the global viral inactivation market are Danaher, Merck KGaA, PARKER HANNIFIN CORP, Sartorius AG, SGS SA, Charles River, Clean Cells, Rad Source Technologies, Texcell, WuXi AppTec, GENERAL ELECTRIC, Sigma-Aldrich Co., Thermo Fisher Scientific Inc., MacoPharma, Cerus Corporation, TERUMO BCT, INC., Weigao group, SCI Automation, Pall Corporation, Eurofins Scientific among others.

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Market Definition: Global Viral Inactivation Market

Viral inactivation is a dynamic component of the process of viral clearance that is compulsory for any phase of drug development. Regulatory officials such as the FDA have deepened the demand for viral inactivation in numerous applications including stem cell products, therapeutics, blood & blood products, tissue & tissue products, cell & gene treatment and vaccines.

Segmentation: Global Viral Inactivation Market

• Global Viral Inactivation Market By Method (Solvent Detergent Method, Pasteurization, Other Viral Inactivation Method)
• Product (Kits and Reagents, Services, Viral Inactivation Systems and Accessories)
• Application (Blood & Blood Products, Cellular & Gene Therapy Products, Stem Cell Products, Tissue & Tissue Products, Vaccines and Therapeutics)
• End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations, Blood Banks, Hospitals, Academic Research Institutes, Other End Users)
• Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

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Market Drivers

Surging R&D innovation and FDA allowance leads to commercialization of new drugs, is helping in growth of the market
Increasing number of drug launches, are driving the growth of the market
Rapid growth in biotechnology industries and pharmaceutical industries, fosters the growth of the market
Growing government support for the biotechnology and pharmaceutical industries across the globe, drives the market growth

Market Restraints

High degree of consolidation, to act as a major barrier for new entrants
High costs associated with the manufacture of biosimilar products, is likely to hamper the growth of the market

Key Developments in the Market:

In August 2019, Rad Source Technologies launched aspergillus, mold, mildew, and pathogen remediation technology. This new technology is government supported and also widely preferred in Canada and the Netherlands.

Competitive Analysis:

Global viral inactivation 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 inactivation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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