New York City, NY, 07 January, 2020/ 24 Market Reports: The global pharmaceutical membrane filtration market is estimated to grow from USD 5.4 billion in 2019 and reach that of USD 8.8 billion by 2024 witnessing the growth at a CAGR of 10.49% during the forecast period of 2019 to 2024. Rapid growth in the pharmaceutical and biopharmaceutical industries, increasing adoption of single-use technologies, and the growing demand for nanofiltration techniques are the factors that are influencing the growth of the market during the forecast period.
Filters, systems and accessories are the segmentation for the market based on product. Owing to the increasing adoption of single-use systems in pharmaceutical membrane filtration the systems segment is projected to grow at the highest CAGR during the forecast period. High retention rate, less consumption of energy, low cost and reduced cross-contamination risk are some of the benefits associated with these systems
Final product processing, raw material filtration, cell separation, water purification and air purification are the segmentation for the market based on application. API filtration, sterile filtration, protein purification, vaccines & antibody processing, formulation and filling solutions, and viral clearance are the categories of the API filtration segment. Due to the increasing manufacturing of large molecules the API segment is estimated to account for the largest share in the market during the forecast period.
Based on material the pharmaceutical membrane filtration market is segmented into polyethersulfone (PES), polyvinylidene difluoride (PVDF), nylon, polytetrafluoroethylene (PTFE), mixed cellulose ester and cellulose acetate (MCE & CA), polycarbonate track-etched (PCTE), and other materials. In the year 2018, the PES segment held the largest share in the market and the trend is estimated to continue throughout the forecast period. The segment is also estimated to achieve growth at the highest CAGR throughout the forecast period. The hydrophilic nature of PES and its wide use in sterile filtration and viral clearance are the factors that are driving the growth of the market during the forecast period.
North America, Europe, the Asia Pacific and the Rest of the World are the segmentation for the pharmaceutical membrane filtration market. It is estimated for the Asia Pacific region to witness the growth at the highest CAGR during the forecast period. The emerging Asian countries are a hub for pharmaceutical research and development which in turn is resulting in the growth of the market.
Notable Pharmaceutical Membrane Filtration Market Development