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(MoneyNewsWire.Net, October 24, 2017 ) The North America Pharmaceutical Filtration Market was worth USD 4.8 billion in 2016 and estimated to be growing at a CAGR of 8.3%, to reach USD 7.15 billion by 2021. The market is expected to expand at a fast rate during the forecast period. Pharmaceutical filtration involves the removal of unwanted particles such as poorly soluble powders and solid impurities from the processed components leading to reduction in bacteria. The filters maintain sterility by preventing the processed solution from contamination. It finds application in final product processing, raw material filtration, cell separation, water purification and air purification, where final product processing has been the largest application area of pharmaceutical filtration market.
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One of the major drivers is the increasing healthcare expenditure which ultimately leads to improved healthcare infrastructure. The increase in healthcare expenditure leads to increase in spending on research and development leading to the growth of the pharmaceutical filtration market. R&D investments in formulation and development of a drug have increased due to the rise in demand for various cures and treatments. The increasing healthcare investments around the world, is propelling the increase in R&D investments, which is fuelling the growth of the market. Growth in the production of biologics and generics and technological advancements in the filter production is also contributing to the growth of the market. However, the huge capital required to set up the production facility and stringent FDA regulations are hampering the growth of the market.
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The North America market for Pharmaceutical Filtration is segmented by product, technique, application and scale of operation. By product, it is further segmented into Membrane filters (MCE membrane filters, coated cellulose acetate membrane filters, nylon membrane filters, PTFE membrane filters, PVDF membrane filters and other membrane filters) , Prefilters and Depth media filters( Glass fibre filters, PTFE fibre filters) , Single use systems, Cartridge& Capsule filters, Filter holders, filtration accessories and other products. The membrane filters segment accounted for the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period. By technique it is further classified into Microfiltration, Ultra filtration, Nanofiltration and other techniques. The microfiltration segment dominates the market due to its various applications like removal of bacteria and removal of unwanted suspensions. By application, it is further classified into Final product processing (API Filtration, Sterile filtration, Protein purification, Vaccine and antibody processing, formulation and filling solution filtration and viral clearance), Raw material filtration (Media and buffer filtration, prefiltration and bio burden testing), Cell separation, Water purification and Air purification. The final product processing segment is expected to register the highest CAGR during the forecast period. By scale of operation it is segmented into Manufacturing scale, Pilot scale and R&D sector. The manufacturing scale segment is expected to register the highest growth during the forecast period. The high growth can be attributed to the growth in the biopharmaceutical industry.
North America Pharmaceutical Filtration Market Geographical Analysis
• United States
• Canada
North America Pharmaceutical Filtration Market Leaders' Analysis
• GE Healthcare
• Merck KGaA
• Pall Corporation
• 3M Company
• Parker Hannifin Corporation
• Sartorius Stedim Biotech S.A.
• Eaton Corporation PLC
• Amazon Filters Ltd.
• Meissner Filtration Products, Inc.
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