Rising Incidence of Chronic Diseases Driving Demand for Pharmaceutical Filtration Techniques

With the rising incidence of various chronic diseases, the governments of many countries are making huge investments in the healthcare industry and taking initiatives for facilitating improvements in the healthcare infrastructure. According to the World Health Organization (WHO), the surge in healthcare expenditure is fueling rapid improvements in healthcare infrastructure and greater focus on research and development (R&D) activities, which is subsequently pushing up the requirement for pharmaceutical filtration methods across the world.

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Moreover, many countries are investing a major portion of their gross domestic product (GDP) on healthcare. In the developed nations of North America and Europe, healthcare spending is considerably higher than that in the developing countries, on account of their lower income per capita GDP. However, the situation is expected to change in the coming years, with the governments of many emerging economies aiming to increase their healthcare expenditure in the forthcoming years, on account of the rising incidence of diseases.

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The pharmaceutical filtration market is divided, depending on product, into membrane filters, prefilters and depth media filters, single-use systems, filtration accessories, cartridge and capsule filters, and filter holders. Amongst these, the membrane filters category held the largest share in the market in 2016, as per the observations of the market research company, P&S Intelligence. This is credited to the increasing use of membrane filters for pharmaceutical filtration, as they can be easily deployed in small and large laboratories.

Globally, North America contributed the highest revenue to the pharmaceutical filtration market in 2016. The U.S. dominated the regional market during the last few years. This was because of the high incidence of lifestyle-associated and chronic diseases, the presence of a large geriatric population, and high biopharmaceutical production in the region. Likewise, the U.K. held the largest share in the European market in the past years and it was followed by Germany and France.

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This release was published on openPR.