Zion Market Research, the market research group announced the analysis report titled ‘Pharmaceutical Filtration Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024′
Global Pharmaceutical Filtration Market: Overview
During the manufacturing process of small molecule drugs, the filters are utilized in several stages which are also acknowledged as active pharmaceutical ingredients (APIs). They help in removing or minimizing the bacteria and particles in the process components. The filters are basically used to prevent the process solutions from getting polluted when they are stored in the tanks. Pharmaceutical filtration is used in various applications such as final product processing, cell separation, water purification, raw material filtration, and air purification.
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Global Pharmaceutical Filtration Market: Segmentation
The pharmaceutical filtration market is globally segmented into its product, technique, application, and scale of operation. On the basis of product, the global market is segregated into membrane filters, single-use systems, filter holders, syringe filters, cartridge housing equipment, prefilters and depth media filters, cartridge & capsule filters, filtration accessories, and filter bags. Based on the technique, the market is categorized into ultrafiltration, ion exchange, microfiltration, reverse osmosis, and nanofiltration. Depending on the application, the market is divided into final product processing, cell separation, air purification, raw material filtration, and water purification. Based on the scale of operation, the market is fragmented into the pilot scale, manufacturing scale, and R&D Scale.
Global Pharmaceutical Filtration Market: Growth Factors
The key factors that are augmenting the global market for pharmaceutical filtration are the growing production of the large molecules and biologics, proliferation in the generics market, technological progress in nanofibers, and regulatory protocols for the cleanrooms in the production of the pharmaceuticals. Other reasons for the increase in the market demand are development in biopharmaceutical companies and rise in the expenditure in activities of research will offer strong opportunities to the market. There are various challenges that the global pharmaceutical filtration market is facing. Among them, one is the cost control pressures. For cost efficiency the companies need to collaborate with committed suppliers owing to the several filters that are used during the production of APIs increases the revenue. Other factors that are hampering the market are the strict regulations that are implemented to validate the filtration process and the massive capital that is required in order to set up the new production facilities.
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Global Pharmaceutical Filtration Market: Regional Analysis
Region-wise, the pharmaceutical filtration market is diversified into regions such as North America, Asia-Pacific, Europe, and Rest of the World. The regions that hold good market share in the global market are North America and Europe. The factor that contributed to the rise in the demand of the market is the stringent rules that are implemented pertaining to the safety of the drugs have led to the speedy rise of the pharmaceutical filtration products. Another factor that affects the market growth is the concentration of several key market players in the region. Asia-Pacific region is also expected to show an impressive market growth owing to the increasing investments that are invested in the biopharmaceutical industry and the rise in the manufacturing organizations and the contract research.
Global Pharmaceutical Filtration Market: Competitive Players
Some of the key market players that are involved in the pharmaceutical filtration market include Merck KGaA, Parker Hannifin Corporation, Pall Corporation, GE Healthcare, and Sartorius Stedim Biotech S.A.
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Global Pharmaceutical Filtration Market by Regional Segment Analysis: North America (U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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