Rapid rise in incidence of airborne diseases, development in biopharmaceutical industry and increase in R&D spending due to increase in government funding in healthcare drives the growth of pharmaceutical filtration market. The Global Pharmaceutical Filtration Market was valued at USD 18.9 billion in 2020 and is expected to reach USD 37.7billion by 2027, growing at a CAGR of 10.41% during the forecast period, 2021 - 2027.
Filtration is considered to be one of the most important process of separation of particles, impurities, solids, liquids and gases in pharmaceutical industry. Filtration is used based on the need in larger and small pharmaceutical industries. Pharmaceutical industry needs different types of filtration tools and methods depending upon which type of chemical solution is being used and need to be separated. Filtration methods are primarily used for clarification of chemicals or solutions. The most common and basic filters used in depth filtration are ceramic-filtered and sintered filters.
In Pharmaceutical industry, proper filtration is very important, it make sure that products are manufactured without any impurity, safe for patients consumption and less loss of valuable products due to improper filtration process. Product safety is of prime importance in pharmaceutical industry, which include the high standards, quality and safety of the product need to be maintained.
However, the filters and filtration tools or procedures used in filtration need to be highly effective and sensitive for effective filtration. This surges the demand for the use of more sensitive filtration technique and led to increase the growth of filtration market.
The report provides with an in-depth analysis of market trends, financial analysis, segmentation analysis, company profiles, recent news and much more. Pharmaceutical filtration market is segmented into product, technique, application and region. Based on product, the membrane filters are expected to grow at highest growth rate during forecast period. This is due to routinely use and higher application of membrane filters in pharmaceutical industry. Membrane filters are easy to install, use and easily available. These factors drive the demand for pharmaceutical membrane filters.
On the basis of technique, microfiltration is expected to record highest CAGR during forecast period due to high usage of this technique in bioprocessing, separation of cellular debris, purification and clarification.
Based on application, final product processing segment held highest revenue share in pharmaceutical filtration market in 2020 and expected to maintain same during forecast period due to rise in use of bioproducts, increase in growth of pharmaceutical industries boost the growth of this segment in pharmaceutical filtration market. Geographically, North America market is expected hold largest market size in pharmaceutical filtration market during forecast period.
This is due to increase in R&D centers, industrialization, increase in generic production and development in nanotechnology-based systems are some of the factors that supports the growth of pharmaceutical filtration growth market.
Major players in the pharmaceutical filtration market are Merck KGaA, LLC, GE Healthcare, Pall Corporation, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., 3M Company, Eaton Corporation Plc, Amazon Filters Ltd., Graver Technologies, and Meissner Filtration Products, Inc. These players have significantly adopted varied developmental strategies covered on our reports. The report also covers numerous market trends and upcoming opportunities in the near future.
Global Pharmaceutical Filtration Market Report Highlights
The Global Pharmaceutical Filtration Segmentation:
The global pharmaceutical filtration market is segmented into product, technique, application and region.
By Product Type
Company Profiles and Competitive Intelligence
The key players operating in the market are: