Fast Market Research announces the availability of the new Markets and Markets report, "Pharmaceutical Membrane Filtration Market - Global Forecast to 2021", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 02/28/2017 -- Pharmaceutical Membrane Filtration Market by Product (MCE, Coated Cellulose Acetate, Nylon, PVDF Membrane), Technique (Microfiltration, Ultra Filtration, Nanofiltration), Application (Final Product, Raw Material) - Global Forecast to 2021
The global pharmaceutical membrane filtration market is expected to reach USD 6.20 billion by 2021 from USD 3.55 billion in 2016, at a CAGR of 11.8% from 2016 to 2021. Growth in the biopharmaceutical industry and advancements in the nanofiltration technology are the key factors driving the growth of the market. On the other hand, strict government regulations for validation of the filtration process and low adoption of membrane filters in emerging markets due to cost constraints are the major factors restraining the growth of this market
Get More Details on this Report and a Full Table of Contents at Pharmaceutical Membrane Filtration Market - Global Forecast to 2021
Factors such as increase in the growth of biopharmaceutical industry and rapid growth in generic drug production are driving the global pharmaceutical Filtration market. However stringent government regulations for validation of the filtration process hindering the growth of this market.
The global pharmaceutical membrane filtration market has been segmented on the basis of type of products, technique, application, and region.
On the basis of product, the pharmaceutical membrane filtration market is segmented into MCE membrane filters, coated cellulose acetate membrane filters, nylon membrane filters, PTFE membrane filters, PVDF membrane filters, and other membrane filters. The MCE membrane filters segment is expected to account for the largest and fastest-growing segment of the global pharmaceutical membrane filtration market in 2016. The large share of this segment is primarily attributed to the increasing adoption of different types of membrane filters for various filtration applications and the frequent use of these filters as compared to prefilters, single-use systems, and cartridges & capsules. The increasing focus of the pharmaceutical industries can also lead to the adoption rate of biopharmaceutical industry has resulted in the increase in demand for pharmaceutical membrane Filtration products.
Based on product, the pharmaceutical membrane filtration market is segmented into MCE, coated cellulose, nylon, PTFE membrane, PVDF membrane, other membrane. The MCE membrane product is estimated to witness the highest CAGR during the forecast period, 2016 to 2021. Due to high production of pharmaceutical products and drugs, MCE attributes the largest share.
Based on technique, the pharmaceutical membrane filtration market has beenis segmented into microfiltration, nano filtration, crossfiltration, ultrafiltration, reverse osmosis, and ion exchange. The microfiltration segment is anticipated expected to grow at the highest CAGR during the forecast period.from 2016 to 2021. The high adoption of microfiltration over other techniques in pharmaceutical applications accounts for the large share of this segment. The high growth in this segment is due to the rising demand the research and medical services.
On the basisBased on application, the global pharmaceutical membrane filtration market is segmented into final product processing, raw material filtration, cell separation, water purification, and air purification, Processing, Raw material filtration. The final product processing segment is further classified into active pharmaceutical ingredient filtration, sterile filtration, protein purification, vaccine and & antibody processing, formulation and & filling solutions, and viral clearance. Among the applications, The final product processing segment is expected to witness the highest growth rate during the forecast period, due to advancement of Nano-filtration.
Geographically, the market is segmented into four regions, namely, North America, Europe, Asia, and RoW. and rest of the world (ROW). The global pharmaceutical membrane filtration market is dominated by North America, followed by Europe. The growth of this market is mainly driven by the growth in the pharmaceutical industry, increasing incidence of airborne disease, rapid expansion of generics production, and advancements in nanofiber technology.
Growth in the North American region is due to the increasing in incidence of airborne diseases which will boost the growth of this market. Also, R&D growth and spending on pharmaceutical and biotechnology projects and the rising number of drug development projects are important drivers for the pharmaceutical filtration market in North America. Besides this, the large size of the North American biotechnology industry is expected to continue to drive the growth of the pharmaceutical filtration market in this region. .
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