Pharmaceutical Filtration Industry Overview
The global pharmaceutical filtration market size was estimated at USD 13.7 billion in 2016 and is expected to reach USD 37.3 billion by the year 2025, growing at a CAGR of 12.1% during forecast period.
Increasing emphasis on biologics and their development for the treatment of various diseases is a major attribute expected to trigger growth. The increase in the number of chronic diseases globally is one of the prime reasons for the growth of the pharmaceutical industry. There is a high demand for advanced therapeutic drugs for the treatment of chronic diseases such as cancer, diabetes, asthma, COPD, and arthritis. Moreover, the production of novel biologics requires utmost sterility and zero risks of contamination which further necessitates the application of advanced filtration products for the manufacturing of drugs and biologics.
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Increasing investment in research and development of biologics is another prime factor attributing to the growth. The rapid adoption of innovative treatment therapies such as therapeutic proteins, monoclonal antibodies, and vaccines has resulted in an increased number of various biotechnology and biopharmaceutical companies that utilize filtration systems including membranes, cartridges, capsules, and other products.
U.S. pharmaceutical filtration market, by product, 2014 – 2025 (USD million)
In addition, a large number of companies are investing heavily in manufacturing facilities worldwide. For instance, in October 2016, AbbVie Inc. invested around USD 320 million to construct a new facility in Singapore for small-molecule and biologic APIs production. Thus, the growth in the biopharmaceutical companies is projected to boost the demand for advanced products.
The technological progression by pharmaceutical filtration manufacturers has also resulted in the increasing adoption of these systems in the industry. The majority of the market players are constantly engaged in R&D to improve existing product portfolios and introduce novel technologies to aid in the sterilization of the media and the constituents. For instance, AstraZeneca, a leading healthcare company invested around USD 5,890 million in R&D in 2016.
Pharmaceutical Filtration Market Segmentation
Based on the Product Insights, the market is segmented into membrane filters, prefilters & depth media, single-use systems, cartridges & capsules, filter holders, filtration accessories and others
Based on the Technique Insights, the market is segmented into microfiltration, ultrafiltration, crossflow filtration, nanofiltration and others
Based on the Application Insights, the market is segmented into final product processing, raw material filtration, cell separation, water purification and air purification
Based on the Scale Of Operation Insights, the market is segmented into manufacturing scale, pilot-scale and research & development scale
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Market Share Insights:
Key Companies Profile:
The dominant players provide an extensive product range and are constantly engaged in the expansion of their existing portfolios. The majority of these players have an intensified distribution network across a wide geographical region. The strong distribution channels, large product portfolio, and new product launches have led to intense competition among vendors. This has resulted in high pressure on pricing strategies that are expected to affect the profit margin of the vendors.
Some prominent players in the global pharmaceutical filtration market include:
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