Pharmaceutical Filtration Market: Current Analysis and Forecast (2022-2028)

Global Pharmaceutical Filtration Market is expected to grow at a significant rate of around 14% during the forecast period. Pharmaceutical filtration is defined as an order to help separate suspended particles, filtration has grown to be a common practice in the pharmaceutical industry. Due to strict cleaning regulations and an increase in the manufacture of numerous big molecules, pharmaceutical companies are investing in filtration technology. Additionally, the production of vaccinations has increased at a never-before-seen rate, which has prompted the employment of filtration methods. The global need for filtration will be driven by soaring demand for cutting-edge medicinal medications for the treatment of chronic ailments like diabetes, cancer, and arthritis. Thus, the growing focus and investment of key stakeholders in the research and development of technologically advanced pharmaceutical filtration is further expected to support market growth. For instance, In May 2021, Meissner secured around US$ 13.4 million contract from BARDA, the U.S. government agency, to bolster the production capability for components needed for vaccines and therapies. The company would be manufacturing single-use systems for filtration, filling assemblies, bottle assemblies and bio-container assemblies, etc.

Merck KGaA, General Electric Company, Pall Corporation, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., 3M, Eaton Corporation PLC, Amazon Filters Ltd., Graver Technologies, LLC, Meissner Filtration Products, Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst product, single-use systems held a significant CAGR during the forecast period"

Based on product, the market is segmented into membrane filters, prefilters & depth media filters, cartridge & capsule filters, single-use systems, filter holders, filtration accessories, and others. The single-use systems category held a significant CAGR during the forecast period. The single-use systems provide a number of benefits, such as a lower risk of contamination, shorter operating times, and convenience. As a result, it is anticipated that the need for single-use systems would increase soon. Additionally, they are small in size and take up less space in manufacturing environments.

"Amongst technique, the ultrafiltration to hold a significant share in the market in 2020"

Based on the technique, the market is categorized into microfiltration, ultrafiltration, nanofiltration, and others. Among these, ultrafiltration held a significant share in 2020. The best applications for ultrafiltration, a pressure-driven membrane transport method, are the separation, concentration, and purification of certain macromolecules. In the industrial setting, this filtration technique is used to produce goods with a high level of purity, including vaccines, plasma, and serums.

"North America to hold a significant share in the market"

In 2020, North America held a significant share of the global pharmaceutical filtration market. The major factor such as increased demand for pharmaceutical filtration consumption and higher developments in the pharmaceutical and biotechnology industries in the region. Furthermore, improvements in healthcare infrastructure, the rising number of drug development projects, significant spending on R&D activities, increased healthcare reforms, and technical breakthroughs in the field of healthcare all contribute to market growth. As per the Congressional Budget Office, in 2021, Spending on R&D in the pharmaceutical industry and the introduction of new drugs have both increased in the past two decades.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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