As per the research report, the size of the North America Viral Inactivation Market is valued at USD 172.39 million in 2022 and is estimated to be growing at a CAGR of 13.1%, to reach USD 319.02 million by 2027 during the forecast period 2022 to 2027.
The viral inactivation market is being driven by an increase in chronic diseases in North America, such as cancer, autoimmune disorders, & other diseases, and healthcare spending. In addition, a better research and development investment climate, a greater danger of cell culture contamination, and developments in Nano filtration technology are among the other drivers propelling the market.
The rise of chronic diseases, rising government help in the biotechnology and pharmaceuticals sectors, and the introduction of new medications, among other factors, are driving the growth of the North American viral inactivation market.
Growing investment in the life sciences industry, increased drug launches and approvals, and government financing assistance for the pharmaceutical and biopharmaceutical industries are the main drivers of this market. In addition, the approval of novel drugs by the FDA leads to their commercialization, which aids market expansion.
The viral clearance industry would benefit from increased outsourcing of pharmaceutical products and expansion in developing markets. The technical advancements in the medical business are growing demand for viral inactivation technologies and the creation of new and improved treatments to address the rise in various diseases. Therefore, the expansion of the viral inactivation industry is also being fueled by advances in pharmaceuticals.
In North America, the market for viral inactivation is limited by a scarcity of skilled workers and a high pace of consolidation. High costs associated with the development of biosimilar pharmaceuticals and high levels of competition are predicted to limit demand during the forecast period. An absence of qualified personnel will impede the expansion of the viral inactivation business. Virus aggregation, protein crosslinking, and protein denaturation and degradation restrict the market's growth.
Inactivated viruses frequently contain several proteins that the immune system can react to, even though their genetic material has been destroyed. On the other hand, inactivated vaccines can't infect cells, so they only induce antibody-mediated responses, which may be weaker and shorter-lived.
This research report on the North America Viral Inactivation Market has been segmented and sub-segmented into the following categories:
By End User:
Geographically, the North American viral inactivation market is expected to account for the highest proportion of the global market during the projected period. The rapid growth of the pharmaceuticals and biotechnology industries, the focus of research and development industries in life sciences, the rise in chronic diseases, the launch of new drugs, and the government's growing support for the biotechnology and pharmaceuticals sectors, among other factors, are driving the North American Viral Inactivation market.
The U.S Viral Inactivation Market has the largest market share in North America in sales. It is primarily due to better hospital systems, advanced equipment and technology, and increased healthcare expenses. The market for viral inactivation in the United States is boosted by the rising frequency of chronic diseases and the increased focus on research and development in the life sciences. The American Cancer Society recorded 1,762,450 new cancer cases and 606,880 cancer deaths in the United States alone in 2019. Furthermore, the government's increasing support for the biotechnology and pharmaceutical industries fuels market expansion.
The Canada Viral Inactivation Market Size is expected to grow primarily during the projected period because of the rise in pharmaceutical output.
KEY MARKET PLAYERS
Companies playing a dominant role in the North America Viral Inactivation Market profiled in this report are Clean Cells, Charles River Laboratories International Inc, Danaher Corporation, Merck KGaA, Parker Hannifin, Red Source Technologies, Sartorius AG, SGS S.A, Texcell Inc, Viral Inactivated Plasma Systems SA, and WuXi Pharma Tech Inc.,