Sterile Filtration Market - Huge Revenue Gain is Predicted in Near Future


Posted April 21, 2021 by mmvaidya

The study involved four major activities in estimating the current size of the sterile filtration market.
 
Overview of This Research Study:

The study involved four major activities in estimating the current size of the Sterile Filtration Procedure Market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research:

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.

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Primary Research:

The sterile market comprises several stakeholders, such as raw material suppliers, manufacturers of sterile filters, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviews from the demand side include key opinion leaders in research personnel in laboratories, academic & research institutes, purchase managers in biotechnology & pharmaceutical companies, and other end users.

The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the sterile filtration market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Recent developments in the Global Sterile Filtration Market:

# 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.

Expected Revenue Gain:

The global sterile filtration market size is projected to reach USD 7.6 billion by 2025 from USD 5.1 billion in 2020, at a CAGR of 8.2%.

Major Industry Growth Boosters:

Growth of this Sterile Filtration Procedure Market is driven by factors such as 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. The manufacturing and use of advanced filters for sterile filtration and the untapped potential in emerging countries offer a significant scope of growth in the sterile filtration market.

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North America accounted for the largest share of the sterile filtration market in 2019.

North America accounted for the largest share of the sterile filtration market in 2019. The large share of the North American region can be attributed to a large number of pharmaceutical and biotechnology and food & beverage companies in the region, the presence of a well-established healthcare market, and stringent regulations for the pharmaceutical industry.

Global Leaders:

Some of the major players in the sterile filtration market include Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), 3M (US), Parker Hannifin Corporation (US), Sterlitech Corporation (US), Alfa Laval AB (Sweden), and Thermo Fisher Scientific (US).

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags global sterile filtration procedure market , sterile filtration procedure , sterile filtration procedure market
Last Updated April 21, 2021