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Pharmaceutical Filtration Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Pharmaceutical Filtration Market
Market Outline: Global Pharmaceutical Filtration Market
Pharmaceutical filtration refers to process of separation of suspended particles from a medium by passing through a membrane. Filtration is an essential process in pharmaceutical industry. Pharmaceutical filtration has wide applications such as water purification, cell separation, air filtration and others. Furthermore, many technologies are adopted by the pharmaceutical industries such as nanofiltration and ultrafiltration based on the efficiency and type of the products or ingredients to be separated.
Market Dynamics: Global Pharmaceutical Filtration Market
Factors such as significant growth in pharmaceutical industry, and rise in R&D investment by companies, technological advancements in filtration techniques which yield efficient filtration and growing demand for vaccines for treatment of various diseases such as dengue, malaria, and chikungunya are expected to bolster the global pharmaceutical filtration market over the forecast period. Furthermore, rise in demand for manufacturing of pure pharmaceuticals due to regulatory requirements projected to boost the market share. However, the high cost of devices is about to use in large-scale and stringent regulatory policies are expected to hamper the market growth during the forecast period.
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Market Scope: Global Pharmaceutical Filtration Market
The global pharmaceutical filtration market is classified on the basis of product, application, technology, end user and geography
Based on the product, market is segmented into
• Membrane Filters
• Cartridge Filters
• Hi Efficiency Particulate Air Filter
• Depth Filters
• Gas Filters
• Bag Filters
Based on application, market is segmented into
• Water Purification
• Air Filtration
• Cell Separation
• Finished Product Filtration
• Raw Material Filtration
Based on technology, market is segmented into
• Nanofiltration
• Ultrafiltration
• Microfiltration
• Ion Exchange
• Others
Based on end user, market is segmented into
• Pharmaceutical Companies
• BioPharma Companies
Based on region, market is segmented into
• North America
• Asia Pacific
• Europe
• The Middle East and Africa (MEA)
• Latin America
Market Summary: Global Pharmaceutical Filtration Market
The market is highly fragmented due to presence of many small, large and medium-sized companies. Market players focused on the collaborations, new product developments, mergers and acquisitions in the industry. For instance, in August 2015, Danaher Corporation acquired Pall Corporation and entered into pharmaceutical filtration solutions market. Furthermore, geographical expansion and collaborations with other market players to strengthen their market position. For instance, in October 2014, American Air Filter Company, Inc. has launched HEPA filter, AutoCel I HTP, specifically for the sensitive dry heat sterilisation for the pharmaceutical manufacturing.
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Regional Analysis: Global Pharmaceutical Filtration Market
Geographically global pharmaceutical filtration market is segmented as Latin America, North America, Asia Pacific, The Middle East and Africa and Europe. North America pharmaceutical filtration market is expected to grow at significant rate owing to presence of key pharmaceutical market players and increase in the R&D in pharmaceutical, as well as biotechnological industry. This is leading to rising in demand for efficient filters. Furthermore, new product launches and well-established healthcare infrastructure is expected to boost the North America pharmaceutical filtration market over the forecast period. Europe pharmaceutical filtration market is expected to grow at notable rates owing to the technological advancements in the region coupled with rise in aging population. Asia Pacific pharmaceutical filtration market is expected to grow at rapid rates owing to significant growth in contract manufacturing companies, and global players interest in expanding into emerging Asian countries such as India and China. Furthermore, developing healthcare infrastructure and less stringent regulations in pharma industry expected to boost the Asia Pacific pharmaceutical filtration market over the forecast period.
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Market Participants: Global Pharmaceutical Filtration Market
Some of the players in global pharmaceutical filtration market
• Merck KGaA (Germany)
• Pall Corporation (U.S.)
• GE Healthcare (U.S.)
• Sartorius Stedim Biotech S.A. (France)
• Parker Hannifin Corporation (U.S.)
• The Danaher Corporation (U.S.)
• American Air Filter Company, Inc. (Daikin Industries, Ltd.) (U.S.)
Notable Market Developments: Global Pharmaceutical Filtration Market
• In June 2017, Repligen Corporation has announced, it will acquire Spectrum Pharmaceuticals for approximately 350Mn. This acquisition, will fills the gap in Repligen’s bioprocessing product line.
Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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About Precision Business Insights
Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.
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