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Global Filter Integrity Testing Market is expected to grow at a CAGR of 3.88% during the forecast period from 2019-2025

02-04-2020 11:04 AM CET | Science & Education

Press release from: Fior Markets

Global Filter Integrity Testing Market 2019, Global Filter Integrity Testing Market Growth, Global Filter Integrity Testing Market

Global Filter Integrity Testing Market 2019, Global Filter Integrity Testing Market Growth, Global Filter Integrity Testing Market

As per the report published by Fior Markets, the global filter integrity testing market is expected to grow from USD 61.21 billion in 2017 to USD 86.15 billion by 2025 at a CAGR of 3.88% during the forecast period from 2018-2025. Increasing demand for biopharmaceuticals and implementation of drug safety in U.S., presence of major players, and rapid technological advancements are factors that led to the growth of filter integrity testing market in North America region.

Global Filter Integrity Testing Market by Test Type(Diffusion Test, Water Flow Integrity Test, Bubble Point Test), Filter Type, Filter Integrity Test Mechanism, Applications (Biotech & Pharmaceutical, Food & Beverages, Microelectronics, Others), Region and Global Forecast 2018-2025.

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Prominent companies in the industry include Danaher Corporation, Merck, Millipore, Sartorius AG, Parker Hannifin Corp, PALL, Donaldson Company, Pentair, 3M, Meissner Filtration, Neuronbc, Bodehengxin, Sh-Surway, Thermo Fisher Scientific, Mdi Membrane Technologies, Eaton Corporation PLC, and Meissner Filtration Products are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in 2018, Thermo Fisher Scientific acquired Becton Dickinson Company's Advanced Bioprocessing business. This acquisition expanded company's product portfolio of life sciences solutions.

Test type segment covers diffusion test, water flow integrity test, and bubble point test. Diffusion test segment valued around USD 22.67 billion in 2017. This is attributable owing to high sensitivity, high margin of safety, and complete filter system testing offered by the diffusion testing. This test needs to be moistened with a liquid in which gas molecules diffuse through the water-filled pores. Filter type segment is divided into liquid filter integrity test and air filter integrity test. Air filter integrity test uses filter integrity test method to guarantee the sterility of critical parameters. It is used in pharmaceutical and biotechnological production applications. Filter integrity test mechanism segmented into automated and manual. Automated segment held highest market share of 53.14% in 2017 owing to less risk of human errors as data is not manually entered into the integrity test instrument. In addition, filter is tested in-line without need to initiate the test manually and the results are automatically transferred to data storage module. Automated integrity test are very sensitive to temperature changes and has major impact on test results. Applications segment is categorized into biotech &pharmaceutical, food & beverages, microelectronics, and others. Biotech & pharmaceutical segment is anticipated to grow with highest CAGR 5.22% during the forecast period owing to increasing growth of biopharmaceutical and biologics industry. Furthermore, stringent government guidelines are supplementing the growth of industry size of the biotech & pharmaceutical segment

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Rising R&D expenditure, growing in the biopharmaceutical industry, and growing purity requirements in the end-user market are the key driving factors for the filter integrity testing market.The cost of testing may limit the growth of market. However, increasing opportunities in emerging markets and manufacturing and use of advanced filtersis expected to boost the filter integrity testing market over the forecast period.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

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