Expanding at 4.6% CAGR, Pharmaceutical Filtration Market to Hit $7.74 Billion

Allied Market Research recently published a report, titled, "Pharmaceutical Filtration Market by Product Type (Membrane Filters, Prefilter & Depth Filter Media, Single-Use Systems, Catriage & Capsules, Filter Holders, Filtration Accessories, and Others), Technique Type (Microfiltration, Ultrafiltration, Nanofiltration, and Other Techniques), and Application (Final Product Processing, Raw Material Filtration, Cell Separation, Water Purification, and Air Purification): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global pharmaceutical filtration industry was $5.37 billion in 2018, and is expected to reach $7.74 billion by 2026, growing at a CAGR of 4.6% from 2019 to 2026.

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Key Drivers of Market Growth

The global pharmaceutical filtration market is experiencing significant growth, driven by the increasing production of biologics and large molecules, the expansion of the biopharmaceutical industry, and rising government healthcare expenditures. However, limited demand in underdeveloped regions poses a challenge to market growth. On the bright side, emerging markets present lucrative opportunities for expansion.

Membrane Filters Lead the Market

By product type, the membrane filters segment dominated the market in 2018, accounting for over one-fourth of the total share. This segment is also expected to witness the highest CAGR of 6.1% during the forecast period, driven by its versatility, cost-effectiveness, high performance, and ease of use.

Nanofiltration to Witness the Fastest Growth by 2026

Among filtration techniques, the nanofiltration segment is projected to register the highest CAGR of 5.5% during the forecast period. This growth is attributed to its effectiveness in removing a wide range of contaminants, including heavy metals, nitrates, and colors, as well as its applications in water softening, decontamination, and reverse osmosis pretreatment. Meanwhile, the microfiltration segment held the largest market share in 2018 (nearly two-fifths), owing to its advantages such as low operating pressure, affordability, and reduced energy consumption compared to nano-filtration.

North America Dominates, Asia-Pacific Shows Rapid Growth

In 2018, North America led the pharmaceutical filtration market, contributing approximately 40% of the total share. This dominance is attributed to advancements in pharmaceutical filtration technologies, increased adoption in the biopharmaceutical industry, rising biologics and generics production, and strong government and non-government healthcare initiatives.

However, the Asia-Pacific region is expected to register the fastest CAGR of 6.2% during the forecast period. Factors driving this growth include improvements in healthcare infrastructure, increased API and biologics production, expanding R&D activities, healthcare reforms, and technological advancements in the sector.

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Key Market Players -

• 3M Company
• Danaher Corporation (Pall Corporation)
• Amazon Filters Ltd.
• General Electric Company (GE Healthcare)
• Eaton Corporation Plc
• Meissner Filtration Products, Inc.
• Graver Technologies, LLC
• Parker-Hannifin Corporation
• Merck & Co., Inc.
• Sartorius Stedim Biotech S.A.

Frequently Asked Questions?

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Q6. Does the Meissner Filtration Products, Inc. company is profiled in the report?

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