The global viral clearance market was valued at US$ 319.6 Million in 2019 and expanding at a CAGR of 20.6% during the forecast period. The market is driven by factors such as increasing government funding for the pharmaceutical and biotechnology industries, rise in number of new drug launches, R&D investments in life science, technology advancements in nanofiltration, and increase in emphasis on quality assurance and quality control departments.
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Segment Analysis
On the basis of methods, the market is segmented into viral removal and viral inactivation. The viral removal is sub-segmented into chromatography, nanofiltration, and precipitation. Based on applications, the global viral clearance market is segregated into recombinant protein, blood and blood products, vaccines, cell and gene therapy, monoclonal antibody, stem cell, hormones, and others. On the basis of end-users, the viral clearance market is Classified as medical device companies, laboratories, animal facilities, cell banks, and consultants, and media/sera manufacturers, pharmaceutical & biotechnology companies, contract research organizations (CROs), academic research institutes, and others.
Regional Outlook
In terms of regions, the market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a CAGR of 21.1% during the forecast period,. Rise in funding for medical research, large presence of a large number of CROs to provide preclinical and clinical research services in China, increase in aging population, growth in pharmaceutical R&D expenditures in emerging countries such as India, China, and surge in pharmaceutical manufacturing boost the growth of the viral clearance market in Asia Pacific.
Competitive Landscape
- Key players in the market include LA COSTENA, Sriracha, Franks Redchilli, Cholula, ABC Extra Pedas, Real Thai, AROY-D, Tabasco, Lao Gan Ma, SHING KEE, and others. These companies are considered as key manufacturers of Chili Sauce based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
- These players are adopting key strategies such as acquisition, mergers, and geographical expansion for the sale of Chili Sauce.
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