Sterile Filtration Market Size
As per the report published by Market Data Forecast, the size of the global sterile filtration market is forecasted to be growing at a CAGR of 12.5% and worth USD 10.27 billion by 2025.
Key Market Drivers:
Sterile filtration has more advantages than non-sterile filtration, which is making the market demand to move forward. Growing incidences of chronic illnesses like cancer, cardiovascular, and diabetes are greatly influencing the demand of the market. Using sterile filtration in biopharmaceuticals is significantly offering better scope for market growth. On-going research and development activities to develop new drugs also escalate the sterile filtration market’s growth rate. The growing prevalence of single-use products is also a factor propelling the demand of the market. Increasing focus on supplying pure water to the end-users is one of the attributes boosting the market growth rate. In addition, there is a rise in the demand to avail better and efficient products in the biopharmaceuticals companies, which is surging the demand of this market to the extent.
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Significant Challenges:
However, to set up a new production plant, it requires a high cost where small-scale industries cannot afford a major factor restraining the sterile filtration market’s growth rate. Besides, the high cost for maintenance and installation in the laboratories impedes the market demand.
COVID-19 impact on sterile filtration market:
The COVID 19 pandemic has impacted every sector in many ways, where the healthcare sector is exceptional. As doctors are the front lines in the fight against coronavirus, the healthcare sector’s demand has been increased enormously. Sterile filtration is an important production plant in the pharmaceuticals to supply highly pure products to the end-users. In research kits for COVID 19, sterile filtration is a major part of diagnosing. So, there is an ample growth rate for the market due to the spread of the novel coronavirus.
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This research report on the global sterile filtration market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2025.
By Product:
- Membrane filters
- MCE
- Coated cellulose acetate
- PTFE
- PVDF
- PES
- Nylon filter membranes
- Bottle-top vacuum filters
- Cartridges & capsules
- Syringe filters
- Filtration accessories
- Filter holders
By Application:
- Bioprocesses
- Cell Culture Growth Media
- Fill-finish process
- Virus filtration
- Utility Filtration
- Pre-Filtration
By Membrane Pore Size:
- 22 microns
- 45 microns
- 1 microns
By End-user:
- Pharmaceutical & biotechnology companies
- Food & beverage industry
- Academic institutes & research laboratories
- Water filtration companies
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Geographically, North America is estimated to lead the global sterile filtration market during the forecast period due to the increasing number of COVID 19 cases. Adopting advanced technologies in healthcare and increasing the economy are also fuelling the market demand. Collaborations of the key players to maintain the best position are also a prominent factor in this region’s market growth. US and Canada are holding the highest shares of the market for the past few years.
Europe is following North America is leading the dominant shares of the market. Constant economic growth and escalating healthcare expenditure in urban areas are leveling up the demand of the market. Increasing support from the government organizations through investments in the biopharmaceutical companies are greatly influencing the demand of the market.
Asia Pacific has the fastest growth rate in 2020 and is likely to hit the highest CAGR in the coming years. Prevalence for the quality healthcare services and hospitals’ increasing scale are two major factors for the market to grow in this region. Creating awareness through campaigns and adopting these techniques in many healthcare centers are anticipated to set growth opportunities for the market.
NOTABLE COMPANIES IN THIS MARKET
Companies that are playing a prominent role in the global sterile filtration market analyzed in this report are Merck & Co Inc., 3M, General Electric Company, Pall Corporation, Parker Hannifin Corporation, Sartorius Stedim Biotech Group, Porvair Filtration Group, Sterlitech Corporation, and Starlab Scientific Co., Ltd.
This report can be customized as per your requirements, talk to our analysts team @ https://www.marketdataforecast.com/market-reports/sterile-filtration-market/customization
List of Tables and Figures of the report:
- Global Sterile Filtration Market, By Region, From 2020 to 2025 (USD Billion)
- Global Sterile Filtration Market, By Product, From 2020 to 2025 (USD Billion)
- Global Membrane filters Market, By Region, From 2020 to 2025 (USD Billion)
- Global Bottle-top vacuum filters Market, By Region, From 2020 to 2025 (USD Billion)
- Global cartridges & capsules Market, By Region, From 2020 to 2025 (USD Billion)
- Global syringe filters Market, By Region, From 2020 to 2025 (USD Billion)
- Global filtration accessories Market, By Region, From 2020 to 2025 (USD Billion)
- Global filter holders Market, By Region, From 2020 to 2025 (USD Billion)
- Global Sterile Filtration Market, By Application, From 2020 to 2025 (USD Billion)
- Global bioprocesses Market, By Region, From 2020 to 2025 (USD Billion)
- Global cell culture growth media fill-finish process Market, By Region, From 2020 to 2025 (USD Billion)
- Global utilities filtration Market, By Region, From 2020 to 2025 (USD Billion)
- Global pre-filtration Market, By Region, From 2020 to 2025 (USD Billion)
- Global virus filtration Market, By Region, From 2020 to 2025 (USD Billion)
- Global Sterile Filtration Market, By Membrane pore size, From 2020 to 2025 (USD Billion)
- Global 0.22 microns Market, By Region, From 2020 to 2025 (USD Billion)
- Global 0.45 microns Market, By Region, From 2020 to 2025 (USD Billion)
- Global 0.1 microns Market, By Region, From 2020 to 2025 (USD Billion)
- Global Sterile Filtration Market, By End user, From 2020 to 2025 (USD Billion)
- Global Pharmaceutical & biotechnology companies Market, By Region, From 2020 to 2025 (USD Billion)
- Global Food & beverage industry Market, By Region, From 2020 to 2025 (USD Billion)
- Global Academic institutes & research laboratories Market, By Region, From 2020 to 2025 (USD Billion)
- Global Water filtration companies Market, By Region, From 2020 to 2025 (USD Billion)
- 400+ More
Browse Regional Reports:
- North America Sterile Filtration Market
- Europe Sterile Filtration Market
- Asia Pacific Sterile Filtration Market
- Latin America Sterile Filtration Market
- MEA Sterile Filtration Market
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