What is Pharmaceutical Filtration Market?
The filters are used in many stages during most of the manufacturing process of small molecule drugs which are also known as effective pharmaceutical ingredients. Demand for Pharmaceutical Filtration has increased, due to the increasing number of chronic diseases. For instance, in 2013, as per an article published by the American Lung Association (ALA), COPD is the third leading cause of death in the United States. Furthermore, more than 11 million people have been diagnosed with COPD. Hence, this has led to witness the growth of the global pharmaceutical filtration market during the forecast period.
The market study is being classified by Type (Membrane Filters {MCE Membrane Filters, Coated Cellulose Acetate Membrane Filters, Nylon Membrane Filters, PTFE Membrane Filters, PVDF Membrane Filters}, Prefilters and Depth Media Filters {Glass Fiber Filters, PTFE Fiber Filters}, Single-use Systems, Cartridge & Capsule Filters, Filter Holders, Filtration Accessories and Other Products {Syringe filters, filter bags, and cartridge housing equipment}), by Application (Final Product Processing {API Filtration, Sterile Filtration, Protein Purification, Vaccine and Antibody Processing, Formulation and Filling Solution Filtration, Viral Clearance}, Raw Material Filtration {Media & Buffer filtration, Prefiltration, Bioburden Testing}, Cell Separation and Water Purification) and major geographies with country level break-up.
Merck KGaA (Germany), GE Healthcare (United States), Pall Corporation (United States), Parker Hannifin Corporation (United States), Sartorius Stedim Biotech S.A. (France), 3M (United States), Eaton Corporation Inc. (Ireland), Amazon Filters Ltd. (United Kingdom), Graver Technologies, LLC (United States) and Meissner Filtration Products (United States) are some of the key players profiled in the study.
The pharmaceutical filtration market is highly fragmented in nature with a large number of international as well as regional players operating in the market. Some of the major players operating in the market are Merck KGaA (Germany), GE Healthcare (United States), Pall Corporation (United States), Parker Hannifin Corporation (United States), Sartorius Stedim Biotech S.A. (France), 3M (United States), among others. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Pharmaceutical Filtration market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Pharmaceutical Filtration market by Type, Application and Region.
On the basis of geography, the market of Pharmaceutical Filtration has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rise in the Production of Biologics and Large Molecules
- Advancements in the Nanofiber Technology and Rapid Growth in Generic Drug Production
Market Trend
- Technology Advancement regarding Pharmaceutical Filtration
Restraints
- Stringent Government Regulations for the Validation of Filtration Processes
Opportunities
- Growing Demand from Emerging Market such as China, India, among others
Challenges
- Issue related to Huge Capital Investments Required to Set Up New Production Facilities
Key Target Audience
Manufacturers of pharmaceutical filtration, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others