New York City, NY, 28 April, 2020/ 24 Market Reports: It is estimated for the depth filtration market to reach USD 2.9 billion by 2025 from USD 1.7 billion in 2019, at a CAGR of 9.0% during the forecast period. The growing adoption of disposable filters and benefits such as ease of use and low cost of media and filters are the factors that are driving the growth of the market during the forecast period.
Small molecules segment to account for the largest share of the depth filtration market
Based on the product, the depth filtration market is segmented into final product processing, cell clarification, raw material filtration, diagnostics, and viral clearance. The final product processing segment is further categorized as small-molecule processing and biologics processing. The raw material filtration market is further segmented into media & buffer filtration and bioburden testing. The small molecules segment accounted for the largest share in the final product processing market owing to the need for purity in the production of API and formulation.
DE filters segment to lead the segment based on media during the forecast period
Based on media, the depth filtration market is broadly segmented into diatomaceous earth (DE), activated carbon, cellulose, perlite, and other media (glass fibres, quartz, borosilicate, and resin binders). The DE filters segment accounted for the largest share of the global depth filtration market in 2019 owing to its wide range of applications in the pharmaceutical and biopharmaceutical industry.
North America to dominate the global market throughout the forecast period
North America, Europe, the Asia Pacific, Latin America, and Middle-East & Africa are the regions for the market based on geography. North America is driving the global market during the forecast period. A large number of pharmaceutical and biotechnology companies in the region and the presence of a well-established healthcare market is driving the market in the region during the forecast period.
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