San Francisco, CA -- (SBWIRE) -- 07/11/2019 -- Global Pharmaceutical Membrane Filtration Market: Snapshot
The global pharmaceutical membrane filtration market is envisaged to gain a strong impetus on the back of regulatory obligations on the part of cleanrooms in pharmaceutical production and improving growth of the generics market. Other factors that could fortify the growth of the global pharmaceutical membrane filtration market include technological developments in nanofibers and rising production of sizable biologics and molecules.
In terms of product, the global pharmaceutical membrane filtration market is foretold to witness the dominance of mixed cellulose ester (MCE) membrane filters on account of their frequent usage in comparison with capsules and cartridges, single-use systems, and prefilters. The rise of MCE membrane filters could also be attributed to the augmenting adoption of various kinds of membrane filters. Other products such as polyvinylidene difluoride (PVDF), polytetrafluoroethylene (PTFE), nylon, and coated cellulose acetate (CA) membrane filters are envisioned stay in the competition.
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By technique, microfiltration is foreseen to showcase an impressive growth in the global pharmaceutical membrane filtration market while riding on its larger adoption compared to other techniques such as ion exchange, reverse osmosis (RO), ultrafiltration, crossfiltration, and nanofiltration. The growth of the microfiltration market could also be due to the mounting demand from medical and research services.
In respect of application, the expansion of nanofiltration is expected to strengthen the demand for final product processing in the global pharmaceutical membrane filtration market. Further classifications of final product processing could include viral clearance, formulation and filling solutions, vaccine and antibody processing, protein purification, sterile filtration, and active pharmaceutical ingredient filtration.
Global Pharmaceutical Membrane Filtration Market: Overview
The global pharmaceutical membrane filtration market is expected to witness strong growth throughout the forecast period. The presence of a strong biologics pipeline and the growth potential in several developing economies are some of the major factors anticipated to fuel the growth of the overall market in the next few years. The research study has highlighted the anticipated growth rate and the shares of each segment in the global pharmaceutical membrane filtration market to offer a clear picture and detailed understanding.
The research study on the global pharmaceutical membrane filtration market presents insights into the key factors that are estimated to accelerate the growth of the overall market in the next few years. In addition, the product segmentation, applications, latest trends, growth factors, and the competitive landscape of the global pharmaceutical membrane filtration market have been addressed in the scope of the research report.
Global Pharmaceutical Membrane Filtration Market: Drivers and Restraints
The robust growth of the biopharmaceutical industry and the technological advancements in the nanofiltration technology are the key factors encouraging the growth of the global pharmaceutical membrane filtration market in the near future. In addition, a substantial rise in generic drug production and the rising application of pharmaceutical membrane filtration in control of airborne diseases are estimated to accelerate the growth of the overall market in the forecast period.
On the flip side, the high cost of membrane filters resulting in a low rate of adoption, especially in developing countries is likely to restrict the growth of the global pharmaceutical membrane filtration market in the near future. Moreover, the stringent government regulations concerning validation of the complete filtration process are expected to hamper the growth of the market. Nonetheless, the increasing adoption of single-use technologies is predicted to supplement the development of the market in the near future.
Global Pharmaceutical Membrane Filtration Market: Region-wise Outlook
The global market for pharmaceutical membrane filtration has been categorized on the basis of geography into key segments in order to offer a strong understanding of the market. Among these segments, in 2016 North America led the global market and is anticipated to remain in the leading position throughout the forecast period. As per the research study, this segment is likely to register a progressive growth rate and account for a key share of the global market. The high growth of this segment can be attributed to the substantial growth in the biopharmaceutical industry across North America.
Furthermore, Asia Pacific is projected to witness strong growth throughout the forecast period, thanks to the rising incidence of airborne diseases and the increasing expenditure on research and development activities, especially by developed economies. Additionally, the high rate of expansion in generic drug production is anticipated to encourage the growth of the pharmaceutical membrane filtration market in Asia Pacific in the next few years.
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Key Players Mentioned in the Research Report are:
Some of the leading players operating in the global pharmaceutical membrane filtration are Koch Membrane System, Sartorius Stedim Biotech S.A., GEA Group, Graver Technologies, LLC, ALFA Laval, Danaher Corporation (Pall Corporation), 3M Company, Novasep, General Electric Company, and Merck KGaA. In order to maintain the leading position in the global market, these players are making notable efforts to develop new products and spending enormous amount on research and development activities.
Furthermore, the increasing number of mergers and acquisitions in the global pharmaceutical membrane filtration market are estimated to contribute widely towards the development of the overall market in the coming years. To offer a clear picture of the competitive landscape, the research study has highlighted the company profiles of the prominent players, along with their business strategies and financial overview. In addition, the latest developments, SWOT analysis, and product portfolio of these players have been included in the study.
The study presents reliable qualitative and quantitative insights into:
Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Forces defining present and estimated future state of the competitive landscape
Value chain and stakeholder analysis