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Impact of COVID-19 on Pharmaceutical Filtration Market Continuing Service Excellence

07-30-2020 04:21 PM CET | Health & Medicine

Press release from: Allied Market Research

Pharmaceutical Filtration Market

Pharmaceutical Filtration Market

The pharmaceutical filtration market size was valued at $5,379 million in 2018, and is expected to grow at an average annual rate of 4.6% from 2019 to 2026, reaching $7,740 million by 2026.

know more: https://www.alliedmarketresearch.com/pharmaceutical-filtration-market-A06060

Pharmaceutical filtration is defined as a filtration process in which suspended particles are passed through a membrane to separate suspended particles from a medium or solution. Reduces or eliminates bacteria or other microorganisms in process components. The filtration process can be combined with other pharmaceutical manufacturing operations. Pharmaceutical filters are used in the manufacture of small molecule components such as active pharmaceutical ingredients (APIs) and pharmaceutical excipients. It is also used in the manufacture of various dosage forms such as tablets, capsules, injections, solutions and the like. It is also used in many processes such as final product processing, raw material filtration, cell separation, water purification and air purification.

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The main factors driving the growth of the global pharmaceutical filtration market are technological advances in pharmaceutical filters; A surge in biologics, large molecules, API and generic production; Increased R&D spending due to increased government health spending; Increased incidence of various diseases such as dengue fever, chikungunia and malaria; The demand for filters is increasing in the pharmaceutical and biopharmaceutical industries. Also powerful biological pipeline products; Increased adoption of innovative therapeutic regimes such as monoclonal antibodies, therapeutic proteins and vaccines in the pharmaceutical industry; In addition, as the number of pharmaceutical and biopharmaceutical companies worldwide increases, market growth is expected to accelerate over the forecast period. However, the high demands of capital in developing countries, low incomes, and lack of adequate medical interest hinder the growth of the pharmaceutical filtration market.

By product type, the market is categorized into membrane filters, pre-filter and depth filter media, disposable systems, cartridges and capsules, filter holders, filtration accessories, etc. Membrane filters currently dominate the world market and this trend is expected to continue during the forecast period. Key factors driving market growth include increased versatility and efficiency, reduced operating costs, high performance, ease of use, and increased demand for good manufacturing practices (GMP) and disposable technologies in the pharmaceutical industry.

Depending on the type of technology, the market is divided into microfiltration, ultrafiltration, nanofiltration and other technologies. Currently, the microfiltration sector is a major shareholder in the global pharmaceutical filtration market due to technological advances in the microfiltration process, an increase in the pharmaceutical and processed food industry, and increased awareness of water quality. In addition, the advantages provided by the microfiltration process are lower operating pressure, relatively cheap, less energy consumption and little manual action required during the filtration process compared to nanofiltration osmosis.

By application, final product processing occupied the highest revenue share in the pharmaceutical filtration market in 2018, and is expected to maintain its edge over the forecast period. This is due to the increased number of pharmaceutical industries, increased use of biologics, rapid use of filters in protein purification processes and technological advances in filtration processes. In addition, the strong presence of pipeline monoclonal antibodies and the commercial availability of monoclonal antibodies are expected to provide reward opportunities for market expansion in the near future.

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The main results of the study:
• Membrane filter segment by product type ranked first in the global market in 2018.
• By technology type, the microfiltration sector occupied the largest market share in 2018 and is expected to maintain its dominant position during the forecast period.
• The final product processing sector ranked first in the world market in 2018 by application.
• Based on the Asia Pacific region, it is expected to grow at the fastest rate with a CAGR of 6.2% over the forecast period.

In 2018, North America occupied a major share in the pharmaceutical filtration market, and the availability of a well-developed infrastructure, an increase in the number of R&D activities with many major players, is expected to continue this trend during the forecast period. Pharmaceutical industry demand for filters, surge in biologics and generics production, increased non-government and governance

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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