Title: Global Pharmaceutical Filtration Market – Positive long-term growth outlook 2017-2024
1Pharmaceutical Filtration Market size will
witness significant growth from 2017 to 2024
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2Regional Analysis of Pharmaceutical Filtration
Market
- Pharmaceutical filtration market size should
experience robust growth due to rapidly growing
biopharmaceutical industry. - Increasing prevalence of chronic diseases such
as diabetes, cardiac disorders, cancer, and
arthritis have surge in demand for the
development of novel and innovative sterile drugs
to treat various life-threatening disorders
boosting the business growth. - Rising RD investments in manufacturing large
molecules, biologics and other novel drugs will
drive the global pharmaceutical filtration market
size. For instance, Merck has invested around USD
295 million in RD for developing novel biopharma
drugs used to treat patients with complex
disorders. - Increased production of generic drugs and
government mandates for sterile manufacturing and
production of generic drugs will increase demand
for filters and eventually fueling industry
growth.
3- Furthermore, rapid technological advancements in
the filtration techniques such as nanofibers
technology used in pharmaceutical industry will
expand the pharmaceutical filtration market size.
- Huge capital requirement for research and
production facilities of novel medicines,
vaccines and drugs, coupled with stringent
regulatory approval process for manufacturing
safe, sterile and efficient drugs may hinder
business growth in the future. - Membrane filters lead the overall industry
revenue share owing to the advantages offered
such as presence of different membrane materials
including PTFE, nylon, cellulose acetate. - It allows controlled pore size distribution,
greater strength and flexibility coupled with
wide range of applications for solvent and air
filtration. Single-use systems will grow at a
rapid pace due to the low capital requirement,
minimal risk of cross-contamination and higher
efficiency for filtration of therapeutic drugs.
4Competitive Market Share of Pharmaceutical
Filtration Market
- Ability to purify and fractionate particles based
on size, low energy requirements, greater
flexibility for separation and cost-efficiency
will drive the microfiltration market over the
coming few years. - Nanofiltration should grow at a substantial rate
owing to nanofibers application to separate large
molecules from smaller ones, low pressures and
minimized energy cost boosting the overall
market. - Based on application, the final product
processing segment is dominating the industry. - Rising demand for filtration of APIs, proteins,
vaccines, antibodies, and viruses will drive the
segment growth. Increased production of vaccines,
generic drugs and biologics boosts the
manufacturing-scale segment. Increased focus on
development of innovative biopharmaceuticals to
treat chronic ailments will surge demand for
these filtration process.
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