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Pharmaceutical Filtration Market Size, Analysis, Trends And Forecast To 2024-2033
Pharmaceutical Filtration Market Size
Pharmaceutical Filtration Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $17.75 billion In 2028 At A CAGR Of 9.4% :
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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Pharmaceutical Filtration Market Major Segments
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
Key Driver - Rising Demand For Generics Drives The Pharmaceutical Filtration Market
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.
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Prominent Trend - Pharmaceutical Filtration With Advanced Features And Enhanced Contamination Control
Product innovation is a key trend gaining popularity in the pharmaceutical filtration market. Many companies operating in the pharmaceutical filtration market are developing new products with advanced methods of filtration such as high-volume filtration plates to strengthen their position in the pharmaceutical filtration market. For instance, in November 2021, ANDRITZ, an Austria-based company operating in pharmaceutical filtration launched Nutrion, an innovative vacuum filter for the pharma and food industries. This innovative filter consists of improved features to eliminate the risk of contamination by taking filter-cloth installation to the next level and eliminating dirt traps and reduces downtime for cloth changes.
Pharmaceutical Filtration 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the pharmaceutical filtration market in 2023. The regions covered in the pharmaceutical filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pharmaceutical Filtration Market Report Structure
3. Pharmaceutical Filtration Market Trends And Strategies
4. Pharmaceutical Filtration Market - Macro Economic Scenario
5. Pharmaceutical Filtration Market Size And Growth
…..
27. Pharmaceutical Filtration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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