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Global Pharmaceutical Filtration Market to
Witness 10.6% CAGR during 2017 – 2023
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Global Pharmaceutical Filtration Market
According to a new market research report “Global Pharmaceutical Filtration
Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry
Insight by Product (Membrane Filters, Prefilters & Depth Media Filters, Cartridge &
Capsule Filters, Single-Use Systems, Filter Holders, Filtration Accessories, Others), by
Technique (Microfiltration, Ultrafiltration, Nanofiltration, Others), by Application
(Final Product Processing, Raw Material Filtration, Cell Separation, Water
Purification, Air Purification), by Scale of Operation (Manufacturing-Scale, PilotScale, R&D-Scale)” published by P&S Market Research, the global pharmaceutical
filtration market is expected to grow at a CAGR of 10.6% during 2017 - 2023.
Explore Report Description at: https://www.psmarketresearch.com/marketanalysis/Pharmaceutical-filtration-market
Global Pharmaceutical Filtration Market
Increasing production of generic drugs drive the
global market
According to the study, the global pharmaceutical filtration market is likely
to grow significantly during the forecast period, due to increasing
prevalence of chronic diseases, rising prevalence of cancer, increasing
geriatric population and increasing production of biopharmaceuticals and
generic drugs. In addition, rising healthcare expenditure leading to increase
in research and development spending also contributes to the growth of
the overall market. High cost of pharmaceutical filtration and stringent
regulatory requirements for validation of filtration process are the key
factors restraining the global market growth.
Global Pharmaceutical Filtration Market
Insights on market segments
As per the findings of the research, the membrane filter is the largest
product category in the global pharmaceutical filtration market. Membrane
filter is the microporous film with specific pore size, used for retaining
unwanted particles or microorganisms larger than their pore size.
Microfiltration has been the largest contributor to the growth of the global
market, in terms of revenue, among the various techniques for product
filtration. Final product processing has been the largest application area for
pharmaceutical filtration, followed by raw material filtration, cell
separation, water purification and air purification. Manufacturing-scale of
operation has been the largest segment of the global market, based on
scale of operation.
Global Pharmaceutical Filtration Market
North America stands as the largest pharmaceutical
filtration market
Geographically, North America has been the largest market for
pharmaceutical filtration, with the U.S. being the larger contributor to the
regional market, compared to Canada. Increasing prevalence of lifestyle
associated and chronic diseases, rising geriatric population and increasing
production of biopharmaceuticals are the factors that have been driving the
growth of the North American market for pharmaceutical filtration. The
U.K. has been the largest contributor to the European market for
pharmaceutical filtration, followed by Germany and France. The market is
expected to witness the fastest growth in Asia-Pacific during 2017 - 2023,
owing to increasing cases of chronic diseases, increasing healthcare
expenditure leading to increasing research and development spending and
increasing geriatric population.
Global Pharmaceutical Filtration Market
Increasing prevalence of chronic diseases largely
impacts the market
Globally, the increasing prevalence of chronic diseases has been playing a
key role in the growth of the pharmaceutical filtration market. The rapidly
increasing burden of chronic diseases further compels government
organizations and healthcare providers to provide improved facilities for
effective disease treatment leading to increased drug launch globally.
Prevalence of chronic diseases is increasing due to alteration in lifestyle and
lack of access to preventive care. According to the Centers for Disease
Control and Prevention (CDC), in 2012, approximately 117 million people in
the U.S. had one or more chronic health conditions. The organization also
reported that during 2013 – 2015, 54.4 million U.S. adults were diagnosed
with some form of arthritis, rheumatoid arthritis, gout, lupus or
fibromyalgia. Moreover, an estimated 78 million Americans aged 18 years or
above will be diagnosed with arthritis by 2040.
Global Pharmaceutical Filtration Market
According to the International Agency for Research on Cancer (IARC), a
specialized cancer agency of World Health Organization (WHO) that
promotes cancer research, 12.7 million new patients globally were detected
with cancer in 2008, and the number is expected to reach 21.4 million by
2030. In addition, according to the WHO, 8.2 million deaths took place
globally due to cancer in 2012, out of which 1.6 million were due to lung
cancer, while 745,000 deaths resulted from liver cancer and 400,000 deaths
were an outcome of esophageal cancer.
The increasing burden of chronic diseases is expected to result in higher
death rates and additional economic cost. Thus, several developments have
been taking place for efficient disease treatment, leading to increased
production of drugs supporting the growth of the pharmaceutical filtration
market globally.
Global Pharmaceutical Filtration Market
Key players in the pharmaceutical filtration market
Some of the key players in the global pharmaceutical filtration market
include Merck KGaA, Pall Corporation, GE Healthcare, 3M Company, Parker
Hannifin Corporation, Sartorius Stedim Biotech S.A., Eaton Corporation PLC,
Graver Technologies, LLC, Amazon Filters Ltd. and Meissner Filtration
Products, Inc.
Global Pharmaceutical Filtration Market
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