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Global Tangential Flow Filtration Market 2024 - Pioneering with Latest Technology, Analyzing Industry Trends, Anticipating Future Demand, and Providing Outlook By 2033
Tangential Flow Filtration Market
The Business Research Company presents an extensive market research report on the Tangential Flow 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 tangential flow filtration market size has grown rapidly in recent years. It will grow from $1.28 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to biopharmaceutical industry growth, rise in cell and gene therapy manufacturing, regulatory compliance, global economic conditions, healthcare expenditure, increased adoption in vaccine production, focus on drug safety and purity..
The tangential flow filtration market size is expected to see rapid growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to emergence of mrna vaccine production, increased use in exosome purification, expansion of cell culture-based production, focus on scalability and flexibility, enhancements in membrane chemistry, increasing application in nanoparticle separation.. Major trends in the forecast period include research and development activities, single-use systems, advanced membrane technologies, high-throughput screening, gene therapy and cell therapy, bioprocess intensification, technological integration, contract manufacturing organizations (cmos)..
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Key Market Players:
Major companies operating in the tangential flow filtration market report are Danaher Corporation, Koch Membrane Systems Inc., Merck Millipore, Sartorius AG, GE Healthcare, Parker Hannifin Corporation, Repligen Corporation, Alfa Laval Corporate AB, Andritz AG, Artesyn Biosolutions, Bionet America Inc., Cole-Parmer Instrument Company LLC, Sterlitech Corporation, Mantec Technical Ceramics Ltd., Meissner Filtration Products Inc., Spectrum Inc., TangenX Technology Corporation, Watersep Bioseparations Corporation, Pall Corporation, Novasep Holding SAS, Pendotech Inc., Asahi Kasei Corporation, Graver Technologies, GEA Group Aktiengesellschaft, Filtration Group Corporation, 3M Company, Amazon Filters Ltd., Advantec MFS Inc., Membrane Solutions LLC, Sterigenics International LLC, Entegris Inc.
Market Drivers:
Rising research and development (R&D) spending in the pharmaceutical and biotechnology industries is expected to propel the growth of the tangential flow filtration market going forward. In the downstream processing of biopharmaceutical products, tangential flow filtration (TFF) is a frequent processing step in concentration and contains the ability processes. The rising R&D spending will aid the market growth. For instance, in February 2022, according to a report published by IQVIA, a US-based health information technology and clinical research company, venture capital deal activity and investment flows in the U.S. has accelerated in 2020 and 2021 as interest in life sciences intensified with more than 2,000 deals and $47 billion of deal value occurring in 2021. In addition, the 15 largest pharmaceutical companies invested a record $133 billion in 2021 in R&D expenditure, an increase of 44% since previous years. Hence, the increasing R&D spending is expected to generate demand for tangential flow filtration market in the forecast period.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/tangential-flow-filtration-global-market-report
The tangential flow filtration market covered in this report is segmented -
1) By Product: Reusable Systems, Single-use Systems, Membrane Filters
2) By Technology: Ultrafiltration, Microfiltration, Reverse Osmosis
3) By Application: Bioprocess Applications, Viral Vector, Vaccine Purification, Other Applications
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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