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Sterile Filtration - On-Going Tech Innovations | A Boon to Global Pharma & Biotech Industry

The study involved two major activities in estimating the current market size of the sterile filtration market. Exhaustive research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

 

The sterile filtration market is projected to reach USD 7.4 billion by 2025 from USD 4.7 billion in 2019, at a CAGR of 8.0% during the forecast period. The major factors driving the growth of this market include the advantages of sterile filters over non-sterile filters, the growing demand for pure water in the end-user market, increasing adoption of single-use technologies, and rising focus on the development of large biopharmaceutical drugs.

 

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Report Objectives:

 

# To define, describe, and forecast the global market on the basis of product, membrane type, membrane pore size, application, end user, and region

 

# To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, opportunities, and industry-specific challenges)

 

To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the overall market

 

To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

 

To forecast the size of the market with respect to five main regions (along with countries), namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa

 

To strategically profile the key players in the global sterile filtration market and to comprehensively analyze their core competencies2 and market rankings

 

To track and analyze competitive developments such as acquisitions, partnerships & collaborations, product launches, and expansions of the key players in the global market

 

Fill-finish process accounted for the largest share of the application segment in 2018

 

Based on application, the sterile filtration market is segmented into fill-finish processes, buffer filtration & cell culture media preparation, bioburden reduction, water purification, and air filtration. The fill-finish processes segment accounted for the largest market share in 2018. The fill-finish process is the final operation in the manufacturing of sterile products and demands the highest level of quality and reliability. This, in turn, drives the demand for sterile filters, as it is the most critical filtration step to ensure product sterility and safety.

 

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North America accounted for the largest share of the sterile filtration market in 2018

 

The large share of North America in this market is attributed to factors such as the strong presence of sterile filter product manufacturers in the region, the presence of a well-established biopharmaceutical industry, significant R&D spending by pharmaceutical and biotechnology companies, and the presence of a well-established intellectual property system for innovative biologics production.

 

The major companies in the global sterile filtration market are Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), 3M (US), and Parker Hannifin Corp (US).

 

Recent developments:

 

# In 2019, Merck (Germany) launched the Stericup Quick Release 500 ml Vacuum Filtration System

In 2019, Merck (Germany)) expanded its distribution capacity in Gillingham, UK.

In 2019, Sartorius (Germany) launched Sartolab MultiStation (filtration units).

In 2018, Pall (US) established a Biotech Integrated Solutions Center of Excellence (CoE) in Shanghai, China. This center is equipped with advanced bioprocessing equipment, including single-use cell culture solutions, cell clarification using acoustic wave technology, chromatography using automated packing techniques, viral clearance, and tangential flow filtration, to serve bioprocess engineering consultancies for China and broader Asia.

 

Key questions addressed by the report:

 

Who are the major market players in the sterile filtration market?

What are the regional growth trends and the largest revenue-generating regions in the market?

What are the major drivers and challenges in the market?

What are the major product segments of the market?

What are the major end users for sterile filtration?

 

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https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=256410424



2 days, 2 hours ago

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