Sterile Filtration Market worth $7.6 billion by 2025


Posted April 1, 2022 by mmvaidya

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.
 
According to the new market research report, "Sterile Filtration Market by Product (Cartridge, Capsule, Syringe), Application (Fill Finish Process, Bioburden Reduction), Membrane (Nylon, PTFE, PES, PVDF), Pore Size (0.2 Microns), End User (Pharmaceutical, Biotechnology, F&B) - Global Forecast to 2025", 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%.

Global Industry Growth Boosting Factors:

Growth of this 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.

Overview:

The study involved four major activities in estimating the current size of the sterile filtration 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.

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Driver: Advantages of sterile filters over non-sterile filters

The various advantages of sterile filters over non-sterile filters make them the preferred choice for upstream and downstream processing in the pharmaceutical & biopharmaceutical and the food & beverage industries. Sterile filters are available in various formats, namely, syringes, cartridges, capsules, and disposable sterile filter systems, for the optimal filtration of liquids and gases. Non-sterile filters are used for general filtration and sample purification.

Unlike non-sterile filters, sterile filters are more reliable for the removal of all microorganisms and particles from liquids or gases. In addition, sterile filters minimize the risk of contamination with complete ready-to-use units. These units are free of leachables & extractables, have low adsorption characteristics, offer a fast flow rate, have a low dead volume (due to optimized membrane support), and result in no loss of protein (with a low protein affinity membrane).

OPPORTUNITY: Emerging regions

Countries such as China, India, Brazil, and South Africa have experienced exponential economic growth in recent decades, resulting in a large and developing industrial base. This is also attributed to trade liberalization and market-oriented structural reforms, which have spurred economic growth in these countries. As a result, emerging markets are becoming preferred as manufacturing and research locations for global players in the pharmaceutical industry and are being regarded as pharmerging markets. In 2018, for instance, Pall Corporation (Danaher), a leading player in the filtration market, opened a USD 2-million Nanyang Polytechnic (NYP) Center of Excellence in Singapore to showcase its single-use biopharmaceutical purification technologies.

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

Based on the region, the sterile filtration market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 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.

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Key Market Players:

Key players in the sterile filtration market are Merck KGaA (Germany) is the largest player in the global sterile filtration market. The company has expanded its position as the most profitable technology and solutions supplier in the sterile filtration industry by offering leading-edge products for biotech & pharmaceutical companies and for the advancement of cell and gene therapy. The company also adopts organic strategies such as product launches and expansions to maintain its position in this market. 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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Contact Email [email protected]
Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags sterile filtration , sterile filtration market
Last Updated April 1, 2022