Pharmaceutical Filtration Market Growth and Value in USA | Market Data Forecast

Posted by Shiva on June 21st, 2019

Pharmaceutical Filtration Market Size and Growth Rate Analysis:

Pharmaceutical Filtration Market size was worth USD 16.31 billion in 2018 and estimated to be growing at a CAGR of 9%, to reach USD 25.09 billion by 2023. The market is expected to expand at a fast rate during the forecast period. 

Pharmaceutical Filtration Market Introduction:

The process that helps separate suspended particles from a medium by passing them through a membrane is known as filtration. Filtration is a physical technique employed in various fields including the pharmaceutical industry. It is one of the significant procedures embraced in the pharmaceutical industry. The filtration procedure can also collaborate with other operations. It is different from sieving, where separation is carried out using a single perforated layer. This is unlike filtration, where a multi-layer lattice is commonly used. This technique is used in many procedures such as air filtration, bulk and solvent filtration, and water filtration.

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Pharmaceutical Filtration Market Drivers and Restraints:

Factors such as strict cleanliness requirements in manufacturing facilities, increase in production of various large molecules, a rise in the manufacture of vaccines due to the incidence of multiple diseases such as chikungunya, dengue, and malaria are driving the pharmaceutical filtration market. Furthermore, an increase in R&D funding, technological advancement infiltration techniques, and growth in the generic drugs market are also propelling the Europe pharmaceutical filtration market. Nonetheless, huge capital requirement, and strict validation and qualification processes in various countries are estimated to propel the pharmaceutical filtration market during the forecast period. The membrane filters sector accounted for the most significant share of the market.

This sector is also anticipated to register the highest CAGR during the forecast period.  The final product processing sector is estimated to register the highest CAGR during the forecast period. By the scale of operation, it is segregated into Manufacturing scale, Pilot-scale, and R&D sector. The manufacturing scale sector is estimated to register the most massive growth during the forecast period. High development can be attributed to the increase in the biopharmaceutical industry.

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Detailed Segmentation of the Pharmaceutical Filtration Market:

Pharmaceutical Filtration Market By Product:

  •          MCE Membranes Filters
  •          Coated Cellulose Acetate Membrane Filters
  •          PTFE Membrane Filters
  •          Nylon Membrane Filters
  •          PVDF Membrane Filters
  •          Others Membrane Filters

Pharmaceutical Filtration Market By Technique:

  •          Microfiltration
  •          Ultrafiltration
  •          Nanofiltration
  •          Other Techniques

Pharmaceutical Filtration Market By Application:

  •          API filtration
  •          Sterile filtration
  •          Protein purification
  •          Vaccine and antibody processing
  •          Formulation and Filing Solution Filtration
  •          Viral Clearance
  •          By Raw material Filtration:
  •          Media and Buffer filtration
  •          Prefiltration
  •          Bioburden testing

Geographical segment of the Pharmaceutical Filtration Market:

North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Regional Analysis of the Market:

North America is the ruling regional sector, which is accounted for the largest revenue share of the overall market in 2018, because of the presence of a large number of pharmaceutical, biopharmaceutical, and biotechnology companies in this region. The Asia Pacific region is estimated to grow at the highest CAGR during the forecast period due to the increasing presence of drug producers in developing countries such as China and India.

Prominent Players mentioned in this market:

Some of the crucial companies leading the market are Merck KGaA, Pall Corporation, GE Healthcare, 3M Company, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., Eaton Corporation PLC, Graver Technologies, LLC, Amazon Filters Ltd. and Meissner Filtration Products, Inc.

For more information:

Abhishek Shukla

Sales Manager at Market Data Forecast

Email: abhishek@marketdataforecast.com

Tel: +1-888-702-9626

Website: https://www.marketdataforecast.com/

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Shiva

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Shiva
Joined: June 11th, 2019
Articles Posted: 88

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