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Pharmaceutical Filtration Market Report 2024 Share, Trends, Opportunities, Outlook 2033

01-25-2024 07:54 AM CET | Health & Medicine

Press release from: The Business research company

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Pharmaceutical Filtration Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The pharmaceutical filtration market size has grown strongly in recent years. It will grow from $6.96 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to stringent regulatory standards, focus on drug purity and safety, increased in prevalence of chronic diseases, focus on cost-efficiency.

The pharmaceutical filtration market size is expected to see strong growth in the next few years. It will grow to $9.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rapid growth in personalized medicine, increasing emphasis on continuous manufacturing, global outbreaks and vaccine production, demand for aseptic processing, global expansion of pharmaceutical markets. Major trends in the forecast period include rising adoption of single-use filtration technologies, growing demand for sterilizing filtration, advancements in membrane filtration, focus on virus filtration for bioprocessing, integration of filtration into single-use systems, focus on pre-filtration steps.

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Key Market Players:

Major companies operating in the pharmaceutical filtration market report are 3M Health Care, Danaher Corporation, Amazon Filters Ltd., Eaton Corporation plc, GE Healthcare, Graver Technologies LLC, Meissner Filtration Products, Merck & Co. Inc., Parker Bioscience Filtration, Sartorius AG, Repligen, Porvair Plc, Alfa Laval AB, Corning Incorporated, Thermo Fisher Scientific, Freudenberg Group, Avantor Inc., Berry Global Inc., Cantel Medical Corp., Cole-Parmer Instrument Company LLC., Donaldson Company Inc., Entegris Inc., Filtration Group Corporation, Synder Filtration Inc, GVS S.p.A., Koch Membrane Systems Inc., Lenntech B.V., Mann+Hummel Group, Membrane Solutions, Pall Corporation

Market Drivers:

An increase in demand for generic drugs is expected to propel the growth of the pharmaceutical filtration market going forward. Generic pharmaceuticals are medications designed to be the same as an existing approved brand-name drug. Pharmaceutical filtration is used in the process of generic drugs by removing solid particulate matter from a fluid, which can be either liquid or gas, using a porous medium. For instance, according to the India Brand Equity Foundation, an India-based export promotion agency, India is the world's largest supplier of generic drugs; as of June 2022, the Indian pharmaceutical sector supplies more than 40% of generic demand in the United States and 25% of all pharmaceuticals in the United Kingdom. Therefore, the increase in demand for generic drugs is driving the growth of the pharmaceutical filtration market.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/pharmaceutical-filtration-global-market-report

The pharmaceutical filtration market covered in this report is segmented -
1) By Product: Membrane filters, Prefilters and depth media, Single-use systems, Cartridges and capsules, Filter holders, Filtration accessories, Other Products
2) By Technique: Microfiltration, Ultrafiltration, Crossflow filtration, Nanofiltration, Other Techniques
3) By Scale of Operation: Manufacturing scale, Pilot-scale, Research and development scale
4) By Application: Final product processing, Raw material filtration, Bioburden testing, Cell separation, Water purification, Air purification

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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