Pharmaceutical Membrane Filtration Market Industry Growth by 2019

January 7, 2020
448
Chemicals and Materials

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.

The systems segment of the pharmaceutical membrane filtration market to grow at the highest CAGR

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

API segment to hold the largest share in the market during the forecast period

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.

PES segment to grow with the highest CAGR 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.

Asia Pacific region to witness the growth at the highest CAGR 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.

The following are the major objectives of the study:

To define, describe, and forecast the global pharmaceutical membrane filtration market on the basis of product, application and region.
To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global pharmaceutical membrane filtration market.

Critical Questions which the report answers:

What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
What are the key revenue generating pockets for global pharmaceutical membrane filtration market and their future potential during next decade?
How competitive landscape is evolving in global pharmaceutical membrane filtration market?

Notable Pharmaceutical Membrane Filtration Market Development