Global Pharmaceutical Filtration Market to record Substantial Growth with the Increasing Manufacture of Biologics
Inkwood
Research predicts that the Global Pharmaceutical Filtration Market is projected
to evolve at a CAGR of 8.67% during the forecasting years of 2019-2028.
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Pharmaceutical
filtration refers to the process by which unwanted particles such as solid
impurities and undissolved powders are separated from the processed materials,
ensuring the reduction of microorganisms. Filtration is one of the significant
processes accepted in the pharmaceutical industry. It is used to maintain clarity
of the product and check contamination in the processed solution. The
pharmaceutical filters are used in several manufacturing stages during the
manufacturing process of APIs. It is also utilized in the manufacturing of a
variety of capsules, tablets, solutions, injectable, and others.
Surge in the Production of Biologics Drives the Market
Biologics are genetically engineered proteins
composed of nucleic acids, proteins, sugars, or complex combinations of these
substances or living entities like cells & tissues. They help in the
treatment of life-threatening diseases. Some of the biologics, such as
monoclonal antibodies, which are prominent therapeutic agents, are being
developed or launched in the market. Filtration technique plays a significant
role in the recovery of different biologics and large molecules. The increasing
manufacture of biologics and large molecules across the globe are steering the
demand for pharmaceutical filtration products.
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Membrane Filters Category Dominates the Product Segment
The membrane filter is a thin sheet of a
permeable membrane that removes the substances when an impetus is applied
across the membrane. It is the most effective technique to separate
microorganisms, particulates, virus removal, protein purification, sterilization,
natural organic material, and water management. Membrane filtration processes
perform without heating, and hence uses less energy compared to thermal
separation processes. There are different kinds of membrane filters available
in the market, like nylon membrane filters, PVDF membrane filters, and other
membrane filters. Some of the major advantages offered by the membrane filters
include low operation costs, versatility and efficacy, high performance, and
ease of use, which are expected to fuel the market growth of this segment.
North America Harbors the Largest Revenue Share
The region of North America captured the largest
market share in terms of revenue in 2019, and continues the trend throughout
the forecast period, owing to the presence of well-established payers, a surge
in demand for advanced filtration products in the pharmaceutical industry, the
presence of modern healthcare facilities with trained medical professionals,
and a rise in a number of R&D centers. Furthermore, the robust
pharmaceutical manufacturing base in the region because of favorable government
regulations and high R&D spending is also driving market growth in the
region.
The market has several renowned players making
high investments. The competitive rivalry is moderate in the market despite low
product differentiation as the players are reluctant to deconstruct their
businesses, making the exit barriers difficult. Some of the renowned players in
the market are Siemens Healthineers AG, 3M Company, Eaton Corporation PLC, GE Healthcare, Parker-Hannifin
Corporation, etc.
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relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises of North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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