Pharmaceutical Filtration Market - Significant Increase in the Number of Generic Drugs is Expected to Lead to Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 16.3% from 2022 to 2028

Pharmaceutical Filtration
  • Pharmaceutical Filtration Market

As stated in our research report, the Global Pharmaceutical Filtration Market accounted forUSD 10.1 Billionin the year 2021. Pharmaceutical Filtration is a separation process separating unwanted particles from processed material by passing them through a filtration membrane. This filtration process helps separate suspended particles from the solution or medium. It provides comprehensive and important sterile and non-sterile filtration of products in the pharmaceutical industry. In addition, filters remove contaminants such as particles and microorganisms from solids, air, liquids, and gases. In addition, Pharmaceutical Filtration processes are widely used in various applications such as final product processing, water purification, raw material filtration, cell separation, and air purification.

A significant increase in the number of generic drugs launched and increasing demand in therapeutic bio pharmacies such as hormones, antibodies, and vaccines is expected to drive the market growth within the estimated timeframe. Furthermore, technological advances in nano-filtration technology and increasing demand for disposable technology are other factors likely to fuel the growth of the Pharmaceutical Filtration Market shortly. Further, increased Research & Development (R&D) expenses owing to increased government medical expenses and the growing number of pharmaceutical and bio pharmacy companies around the world are also anticipated to augment the growth of the Pharmaceutical Filtration Market during the forecast period. In addition, the advantages of pharmaceutical filters such as low operating pressure, high speed, and low energy consumption are expected to continue to drive the market's growth in the years to come. However, low incomes, inadequate health care, and high capital requirements in various countries are expected to curb market growth. On the contrary, the potential for untapped emerging markets may offer a favorable opportunity for market expansion during the forecast period.

North Americaheld the largest share in the Global Pharmaceutical Filtration Market in 2021, owing to the presence of leading pharmaceutical and biopharma companies such as Hoffmann-La Roche Ltd, Pfizer Inc., Merck KGaA, and Amgen Inc. in the region. In addition, access to well-developed medical infrastructure and advanced products in this region is also expected to drive market growth.

Some of the notable and prominent players in the Global Pharmaceutical Filtration Market include- Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), Parker-Hannifin Corporation (US), Thermo Fisher Scientific Inc. (US), 3M Company (US), Eaton Corporation PLC (US), Donaldson Company Inc. (US), Repligen Corporation (US), Porvair PLC (UK), Alfa Laval Corporate AB (Sweden), Corning Incorporated (US), Meissner Filtration Products Inc. (US), Amazon Filters Ltd. (UK), Graver Technologies LLC (US), MMS AG (Switzerland), MANN+HUMMEL International GmbH & Co. KG (Germany), ErtelAlsop (US), Kasag Swiss AG (Switzerland), Freudenberg Filtration Technologies SE & Co. KG (Germany), Cole-Parmer Instrument Company LLC (US), Cantel Medical Corp. (US), Filtrox AG (Switzerland), Saint-Gobain Performance Plastics (France), Membrane Solutions (US) and others.