Global Pharmaceutical Filtration Market to Grow at 12.1% CAGR During Forecast Period 2023-2030

Pharmaceutical Filtration Market Overview

The pharmaceutical filtration market is expected to grow significantly in the coming years, driven by the increasing demand for biopharmaceuticals, technological advancements, and the rising demand for single-use technologies. Biopharmaceuticals are one of the fastest-growing segments in the pharmaceutical industry, and filtration is widely used in their manufacturing. The increasing use of cell therapy, gene therapy, and recombinant therapeutics to treat various diseases and disorders is driving the demand for biologics. This is leading to an increased adoption of filtration methods for biologics manufacturing, which is boosting the growth of the pharmaceutical filtration market.

Pharmaceutical Filtration Market Dynamics

One of the industries with the quickest rate of growth is biopharmaceuticals, which uses filtering extensively. By 2023, QuintilesIMS projects that worldwide pharmaceutical spending would have grown by over USD 1.4 trillion. Biopharmaceutical product share in the worldwide pharmaceutical industry is anticipated to increase from 23% in 2014 to 27% in 2023.

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The rising percentage can be linked to the increased application of gene therapy, cell therapy, and recombinant medicines to treat a range of illnesses and conditions, including cancer, diabetes, and rheumatoid arthritis. In 2012, biotech products generated seventy-one percent of the revenue generated by the top 10 items, according to the Tufts Center for the Study of Drug Development. In addition, most pharmaceutical companies are being forced to create new biologics due to the impending patent cliff and the effectiveness of biologics.

Pharmaceutical Filtration Market Segment Analysis

By Product

• Membrane Filters
• Prefilter & Depth Filter Media
• Single-Use Systems
• Catriage & Capsules
• Filter Holders
• Filteration Accessories
• Other

By Application

• Final Product Processing
• Raw Material Filtration
• Cell Separation
• Water Purification
• Air Purification

By  Technique Type

• Microfiltration
• Ultrafiltration
• Nanofiltration
• Others

By End User

• Pharmaceutical
• Biotechnology
• Contract Manufacturing Organization
• Others

By Region

• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

Major Companies Covered

3M Company, Amazon Filters Ltd, Eaton Corporation Plc, GE Healthcare, Graver Technologies LLC, Merck & Co Inc, Parker-Hannifin Corporation, Sartorius Stedim Biotech SA, ThermoFisher, Sigma Aldrich

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