Europe Virus Filtration Market Size & Outlook, 2023-2030
Europe virus filtration market, 2018-2030 (US$M)
Europe virus filtration market highlights
- The Europe virus filtration market generated a revenue of USD 1,295.1 million in 2023.
- The market is expected to grow at a CAGR of 9.7% 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.
Europe data book summary
| Market revenue in 2023 | USD 1,295.1 million |
| Market revenue in 2030 | USD 2,472.7 million |
| Growth rate | 9.7% (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, Europe region accounted for 26.9% 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 |
|---|
Europe 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 Europe virus filtration market based on air purification covering the revenue growth of each sub-segment from 2018 to 2030.
The key countries in the European region include Germany, UK, France, Italy, and Spain. Europe accounted for the second largest market with a revenue of USD 594.6 million in 2016. Germany and UK are the major contributors to the Europe virus filtration market, accounting for around 48.0% share in 2016.
The region is expected to showcase lucrative growth during the study period due to the availability of advanced products & skilled professionals and welldeveloped research infrastructure. Rising demand for advanced therapeutic products in Europe is another major factor that is anticipated to support regional market growth.
Furthermore, relatively low stringent product approval processes in this region are anticipated to boost the market growth. Germany is a major contributor to the European regional market for virus filtration. Virus filtration products are widely used by researchers in R&D facilities & research laboratories for various purposes, including development of vaccines & therapeutics, cellular & gene therapy research, development of regenerative medicine, and cancer research.
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Our clientele includes a mix of virus filtration market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe virus filtration market, including forecasts for subscribers. This continent databook contains high-level insights into Europe virus filtration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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