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Viral Clearance Market: Opportunities and Challenges

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Viral Clearance Market: Opportunities and Challenges

November 12
18:15 2019
Viral Clearance Market: Opportunities and Challenges

The major players in the global viral clearance market are Wuxi Biologics (Cayman) (China), Merck KGaA (Germany), Charles River Laboratories International Inc. (US), Texcell Inc. (France), Kedrion (Italy), Vironova Biosafety (Sweden), Clean Cells (France), BSL BIOSERVICE Scientific Laboratories Munich GmbH (Germany), and ViruSure GmbH (Austria).
The rising R&D expenditure in pharmaceutical and biotechnology companies is a major factor driving the growth of the viral clearance market.

The global viral clearance market is expected to reach USD 0.72 billion by 2023 from an estimated USD 0.27 billion in 2018, at a CAGR of 21.7% during the forecast period.

Will pharmaceutical outsourcing further create opportunities for growth for players in the viral clearance market?

The rising R&D expenditure in pharmaceutical and biotechnology companies is a major factor driving the growth of the viral clearance market. According to Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of its member-companies increased to USD 71.4 billion in 2017 from USD 65.5 billion in 2016.

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In this scenario, the outsourcing of R&D and manufacturing processes has become increasingly prevalent and is now a major trend in the pharmaceutical industry. Many companies and institutes opt to outsource numerous core functions like manufacturing, clinical trial management, and portions of drug discovery to CROs, which provide services such as cell and virus bank characterization, genetic stability testing, raw material testing, and next-generation sequencing. Owing to technological advancements and the emergence of new technologies, it is not feasible for companies to undertake all testing functions in-house. On the other hand, CROs can afford to invest in extensive drug discovery infrastructure as they cater to multiple clients. By outsourcing various functions to CROs, pharmaceutical and biotechnology companies can reduce their operational costs and R&D budgets. Viral clearance studies constitute a major part of the services that are outsourced to CROs by the pharmaceutical and biotechnology companies. Hence, an increase in pharmaceutical outsourcing could potentially increase the growth opportunities for the viral clearance market.

How will the dearth of skilled professionals affect the viral clearance market?

The success of biological safety tests depends mainly on the expertise of the analysts themselves as much as the environmental conditions under which the test is performed. Skilled personnel with the relevant experience and knowledge are required in order to conduct viral clearance studies. Handling instruments used in viral safety testing also requires expertise. The dearth of skilled personnel is thus expected to restrain the growth of the viral clearance market to a certain extent.

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According to an article in the Science in the City newsletter, Canada’s fast-growing biotech sector will face a shortage of 220,000 workers by 2020. Moreover, in India, there is an average of about four full-time researchers per 10,000 people in the labor force. This shortage of skilled labor is expected to affect the optimum growth potential of the viral clearance market in the coming years.

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