Pharmaceutical filtration market is anticipated to grow at a significant CAGR of 9.0% during the forecast period (2024-2031). The market growth is attributed to the growing prevalence of chronic disease, growing funding for biopharmaceutical R&D, and increasing technological developments in the sterilizing process. According to the National Center for Biotechnology Information (NCBI), global pharmaceutical market revenue was $1,143 billion in 2017 and reached $1,462 billion in 2021.
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Growing Adoption of Single-Use Systems in Pharmaceutical Industry
Single-use filtration systems are growing increasingly common owing to their benefits in decreasing cross-contamination, less cleaning requirements, and enhanced flexibility and efficiency. In biopharmaceutical processing of medicinal pharmaceuticals, single-use systems hold great promise as they offer substantial benefits over conventional reusable stainless-steel systems and partially disposable systems. Single-use systems, which eliminate the chemicals and resources (such as water and energy) required to sterilize reusable systems, encourage sustainability. They seem to be the antithesis of a global movement away from throwaway items and processes. Single-use parts are meant to be thrown away after just one use. It is not always required to prepare items before use as many disposable systems come pre-cleaned and sterilized for the user. As a result, the customer location no longer requires cleaning and sterilizing procedures.
Increasing Biopharmaceutical Production Globally
The demand for advanced filtering methods that can handle these complex compounds and ensure high purity levels is driven by the increase in the manufacture of biologics, such as monoclonal antibodies, vaccines, and cell and gene therapies. In the biopharmaceutical sector, filtration is extremely important as it ensures the sterility of desired products by eliminating impurities. Certain sterilization techniques cannot be used on pharmaceutical items owing to their extreme sensitivity, which makes filtration an essential step in the process. Many pharmaceutical compounds, including hormones, enzymes, and antibiotics, are purified via filtration. Endotoxins, host cell proteins, and other pollutants are eliminated during this process, which also guarantees the final product’s integrity and purity.
Market Segmentation
Based on the technique, the market is segmented into microfiltration, ultrafiltration, nanofiltration, and others (ion exchange).
Based on the application, the market is segmented into final product processing, raw material filtration, cell separation, water purification, and air purification.
by Technique (Microfiltration, Ultrafiltration, Nanofiltration, and Others),
by Application (Final Product Processing, Raw Material Filtration, Cell Separation, Water Purification, and Air Purification
Market Players Outlook
The major companies serving the global pharmaceutical filtration market include 3M, Danaher Corp., Merck KGaA, Parker Hannifin Corp., and Sartorius AG among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
Recent Developments
In May 2022, Merck invested more than €440 million ($463.6 million) and expanded its membrane and filtration manufacturing in Ireland. Significantly increases membrane-manufacturing capacities and enables the construction of new filtration manufacturing facility. Supports Merck’s strategy to invest in products and technologies across its portfolio that are key to manufacturing novel therapies, vaccines, and diagnostics.
The Report Covers
Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the pharmaceutical filtration market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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