The global pharmaceutical filtration market is projected to reach USD 22.71 billion by 2021 from USD 13.73 billion in 2016, at a CAGR of 10.6% from 2016 to 2021. Market growth is primarily driven by factors such as growing production of generics, biologics, and large molecules; a need for clean and bio-safe production facilities; and advancements in nanofiber technology. Other factors supporting market growth include an increase in R&D spending by pharmaceutical and biopharmaceutical companies and regulatory mandate for cGMP. The emerging markets are also expected to offer plenty of growth opportunities for players in the market.
In recent years, the Asian market for pharmaceutical filtration has witnessed a significant growth. Strategic expansions by key market players in emerging Asian countries and the growing contract research and manufacturing services industry in India, South Korea, Singapore, and China are some of the key factors fueling the growth in the Asian market.
In this report, the global pharmaceutical filtration market is segmented on the basis of product, technique, application, scale of operation, and region. On the basis of product, the pharmaceutical filtration market is segmented into membrane filters, prefilters and depth media filters, cartridge & capsule filters, single-use systems, filter holders, filtration accessories, and other products. In 2016, the membrane filters segment accounted for the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period. The key factor driving the growth of the membrane filters segment is the ease of installation in large and small manufacturing facilities owing to the availability of a variety of pore and surface types.
Based on technique, the microfiltration segment dominated this market in 2016. The technique is applied to various applications ranging from the removal of unwanted suspensions to the removal of bacteria from the process material. This is the major factor responsible for the large share of this segment.
Product launches was the dominant strategy adopted by key industry participants to increase their market share and cater to unmet needs.
Research Coverage: From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and subsegments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats), winning imperatives, and burning issues. The report also offers market sizes and data on the growth of various segments in the industry. It focuses on emerging and high-growth segments, high-growth regions, and initiatives of governments. The competitive landscape covers growth strategies adopted by industry players in the last three years.
The company profiles comprise basic views on key players in the pharmaceutical filtration market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The abovementioned market research data, current market size, and forecast of trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Reasons to buy this report: From an insight perspective, this research report focuses on various levels of analysis—industry analysis (current trends) and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the pharmaceutical filtration market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers: - Market Penetration: Comprehensive information on products offered by the top players in the pharmaceutical filtration market
- Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and product launches in the pharmaceutical filtration market
- Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for pharmaceutical filtration products across various regions
- Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the pharmaceutical filtration market
- Competitive Assessment: In-depth assessment of market ranking, strategies, products, and manufacturing capabilities of the leading players in the pharmaceutical filtration market
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