According to the new market research report "Pharmaceutical Filtration Market by Product (Membrane, Depth filter), Systems (Single-use, Assemblies), Technique (Microfiltration, Ultrafiltration), Application (API, Vaccine, Media), Scale of Operation (Manufacturing, Pilot, R&D) - Global Forecast to 2027", published by MarketsandMarkets™, the global market is projected to reach USD 29.7 billion by 2027 from USD 10.9 billion in 2022, at a CAGR of 17.0% during the forecast period of 2022 to 2027.
Browse in-depth TOC on "Pharmaceutical
Filtration Market"
514 – Tables
50 – Figures
417 – Pages
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The Growth in the pharmaceutical filtration market
can be attributed to factors such as the growing biopharmaceutical industry,
rising R&D spending in pharmaceutical & biotechnology industries, an
increasing adoption of single-use technologies, a rising number of new product
launches by leading market players, increasing purity requirements in end user
segments, and increasing advances in nanofiber technology. On the other hand,
membrane fouling and the high capital investment required to set up new
production facilities are expected to hinder market growth.
The filters segment accounted for the largest share
of the product segment in the Pharmaceutical filtration market in 2021.
Based on products, the market is segmented into
major three segments, namely, filters, systems, and other products. The filter
market is further segmented into membrane filters, depth filters, and other
filters, such as prefilters, bag filters, and magnetic filters. The systems
market is further segmented into single-use systems and reusable systems. In
2021 the filters segment accounted for the largest share of the pharmaceutical
market. The large share of this segment can primarily be attributed to the wide
use of different types of membrane filters and depth filters for various
filtration applications in the pharmaceutical industry, increased filtration
requirements among the biopharmaceutical industry, and the higher frequency of
purchase of these filters compared to systems and other filtration products.
The Microfiltration segment accounted for the
largest share of the process segment in the Pharmaceutical filtration market in
2021.
Based on technique, the market is segmented into
microfiltration, ultrafiltration, nanofiltration, and other techniques. The
other techniques segment includes reverse osmosis and ion exchange. The
microfiltration techniques accounted for the largest market share of this
market in 2021, and this can be primarily attributed to the advantages of
microfiltration over other techniques due to the requirement of low operating
pressure, lesser energy consumption, ease of use, cost-effectiveness, the
requirement of limited manual actions, elimination of energy-consuming phase,
such as evaporation technique.
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The Asia
Pacific region is the fastest-growing region of the
Pharmaceutical filtration market in 2021.
Based on the region, the market is segmented into
five major regions: North
America, Europe, Asia Pacific, Latin America,
and the Middle East & Africa.
The Asia Pacific is
estimated to be the fastest-growing segment of the market owing to the rising
incidence rate of viral diseases, the need to maintain a clean manufacturing
environment because of strict regulatory rules, the rapid expansion of generics
production, advancements in nanofiber technologies, increasing R&D spending
on biopharmaceutical projects, and the growth of the biotechnology industry in
developing countries.
Key players in the Pharmaceutical filtration market
include Merck KGaA (Germany),
Danaher Corporation (US), Sartorius AG (Germany), 3M (US), Thermo Fisher Scientific Inc. (US).
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https://www.marketsandmarkets.com/Market-Reports/hollow-fiber-filtration-market-267011039.html
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