Asia Pacific Virus Filtration Market Size & Outlook
Asia Pacific virus filtration market, 2018-2030 (US$M)
Asia Pacific virus filtration market highlights
- The Asia Pacific virus filtration market generated a revenue of USD 1,147.2 million in 2023.
- The market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, air purification was the largest revenue generating application in 2023.
- Air purification is the most lucrative application segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,147.2 million |
| Market revenue in 2030 | USD 2,537.8 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Air purification |
| Fastest growing segment | Air purification |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air purification |
| Key market players worldwide | Merck KGaA, Danaher Corp, Sartorius AG, Thermo Fisher Scientific Inc, GE HealthCare Technologies Inc Common Stock, Charles River Laboratories International Inc, Asahi Kasei Corp, Wuxi AppTec Co Ltd, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.9% of the global virus filtration market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,537.8 million by 2030.
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Virus Filtration Market Scope
Virus Filtration Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific virus filtration market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to virus filtration market will help companies and investors design strategic landscapes.
Air purification was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific virus filtration market based on air purification covering the revenue growth of each sub-segment from 2018 to 2030.
Japan, China, and India are the major contributors to the Asia Pacific virus filtration market. The regional market is projected to showcase highest growth during the forecast period owing to the presence of a number of clinical research organizations and the growing biotechnology industry.
Developing economies, local presence of leading biotechnology companies, and high prevalence of chronic diseases are some of the other factors propelling regional market growth. Japan is a major contributor to the Asia Pacific virus filtration market, accounting for 32.9% in 2016.
The healthcare industry in Japan is significantly developed with presence of advanced manufacturing facilities and technologies. Availability of advanced healthcare infrastructure and high demand for regenerative medicines as well as rising government support are expected to fuel the market growth in the country.
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Target buyers of Asia Pacific virus filtration market databook
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Our clientele includes a mix of virus filtration market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific virus filtration market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific virus filtration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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