Pharmaceutical Filtration Market Have a Huge Growth Potential for The Market During the Forecast 2023

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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, Pilot-Scale, RD-Scale)
published by PS 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/market-analysis/P
harmaceutical-filtration-market
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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.
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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.
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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.
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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.
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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.
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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.
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Global Pharmaceutical Filtration Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/p
harmaceutical-filtration-market/report-sample
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