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What Growth Rate Can Be Expected in the Viral Inactivation Market from 2024 Through 2033?

The size of the viral inactivation market has seen robust growth in the past few years. The market’s value is predicted to increase from $4.54 billion in 2023 to $4.98 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 9.7%. A combination of factors such as growth in global air traffic, advancements in navigation capabilities, an expanded commercial aviation sector, cost savings for airlines, enhanced flight safety, and decreases in pilot workload have all contributed to the substantial growth in the historic period.

In the upcoming years, a swift expansion is anticipated for the viral inactivation market, propelling it to a valuation of $7.32 billion by 2028, a progression marked by a 10.1% compound annual growth rate (CAGR). The development of autonomous flights, futuristic aircraft designs, strategies towards sustainable aviation, urban air mobility (UAM), and a rise in aircraft demand are all contributing to growth during the predicted period. The period is also expected to witness key trends such as the incorporation of superior avionics, the application of artificial intelligence, innovations in the human-machine interface (HMI), existing aircraft retrofitting, and integration of the global navigation satellite system (GNSS).

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What Dynamics Are Shaping the Growth of the viral inactivation Market?

The rise in various infectious diseases is predicted to spur the expansion of the viral inactivation market. Such diseases, which can be transmitted from person to person through contaminated food and drinks and via pathogens like viruses, bacteria, fungi, and parasites, make extensive use of viral inactivation. This technique employs a range of physical and chemical disinfectants to neutralise viruses and halt the proliferation of infectious viral diseases, thereby fostering the growth of the viral inactivation market. For example, the ‘Annual Epidemiological Report for 2021’ issued by the European Centre for Disease Prevention and Control, a government health agency based in Sweden, stated that in Germany, the count of hepatitis C cases in 2022 increased to 4,718 cases with a rate of 5.7 per 100,000 population, up from 4,536 cases with a rate of 5.5 in 2020. Consequently, the mounting frequency of various infectious diseases is fuelling the development of the viral inactivation market.

What Are the Essential Segments of the Viral Inactivation Market?

1) By Product: Kits And Reagents, Systems, Services

2) By Method: Solvent Detergent Method, pH Adjustment Method, Pasteurization, Other Methods

3) By Application: Vaccines And Therapeutics, Tissues And Tissue Products, Blood And Blood Products, Other Applications

4) By End User: Pharmaceutical And Biotechnology Companies, Contract Research Organizations, Blood Banks, Hospital, Academic Research Institutes, Other End Users

What Are the Defining Trends in the Evolving Viral Inactivation Market?

A significant trend gaining traction in the viral inactivation market is the rising adoption of innovative technological methods. To maintain a strong market position, firms operating in this sector are embracing these advanced technologies. For instance, in March 2022, WuXi Advanced Therapies, an entirely owned subsidiary of the Chinese biopharmaceutical company WuXi AppTec, launched the Tetracycline-Enabled Self-Silencing Adenovirus (TESSA) Technology. This state-of-the-art technology allows the approval of new therapies by executing all assay formulation, biosafety, viral clearance, product release, and testing in-house, all at once. This method introduces an inventive approach to produce adeno-associated virus (AAV) at Good Manufacturing Practices (GMP) grade without requiring transfection.

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Which Regions Are Emerging as Leaders in the Viral Inactivation Market?

North America was the largest region in the viral inactivation market in 2023. Asia-pacific is expected to be the fastest-growing region in the global viral inactivation market during the forecast period. The regions covered in the viral inactivation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Viral Inactivation Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the viral inactivation market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Viral Inactivation Market Include

1. Viral Inactivation Market Executive Summary

2. Viral Inactivation Market Segments

3. Viral Inactivation Market Size And Template Market Growth Rate

4. Key Viral Inactivation Market Trends

5. Major Viral Inactivation Market Drivers

……

25. Key Mergers And Acquisitions In The Viral Inactivation Market

26. Top Viral Inactivation Companies

27. Viral Inactivation Market Opportunities And Strategies

28. Viral Inactivation Market, Conclusions And Recommendations

29. Appendix

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