(MoneyNewsWire.Net, February 05, 2018 ) According to the report Latin America Pharmaceutical Filtration Market, published by Market Data Forecast, the market is projected to reach USD 1.97 billion by 2021, at a CAGR of 7.6% from 2016 to 2021.
Filtration is referred to the process of separating suspended particles from a medium by passing them through a membrane. It is a physical technique employed in various fields including the pharmaceutical industry. It is one of the processes used in the pharmaceutical industry. The filtration process can also be combined with other operations. It is different from sieving, where separation is carried out using a single perforated layer. This technique is used in many processes such as air filtration, bulk and solvent filtration, and water filtration.
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Latin America Pharmaceutical Filtration Market: Drivers & Restraints Factors such as increase in production of various large molecules, strict cleanliness requirements in manufacturing facilities and rise in manufacture of vaccines due to incidence of various diseases such as chikungunya, dengue, and malaria are driving the pharmaceutical filtration market. Furthermore, technological advancement in filtration techniques, growth in the generic drugs market and an increase in R&D funding, are also fuelling the growth of the pharmaceutical filtration market. However, large capital requirement, and strict validation and qualification procedures in different countries are expected to hamper the pharmaceutical filtration market during the forecast period.
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Latin America Pharmaceutical Filtration Market: Segmentation By product • Membrane filters o MCE Membrane filters o Coated Cellulose acetate membrane filters o PTFE membrane filters o Nylon membrane filters o PVDF membrane filters o Other membrane filters • Pre filters and depth media filters o Glass fibre filters o PTFE fibre filters • Single use systems • Cartridge and capsule filters • Filter holders • Filtration accessories • Other products
By technique • Microfiltration • Nano filtration • Ultrafiltration • Other techniques
By application • Final product processing o API filtration o Sterile filtration o Protein purification o Vaccine and antibody processing o Formulation and filling solution filtration o Viral clearance • Raw material filtration o Media and buffer filtration o Prefiltration o Bioburden testing • Cell separation • Water purification • Air purification
By scale of operation • Manufacturing scale • Pilot scale • R&D scale
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Latin America Pharmaceutical Filtration Market: Overview On the basis of product, the membrane segment accounted for the largest share of the market. It is also expected to grow at a high CAGR during the forecast period. By technique, microfiltration accounts for a major share of the technique segment. By application, the final product processing is expected to register the highest CAGR during the analysis period. By scale of operation, the manufacturing scale is expected to grow at an impressive rate.
Latin America Pharmaceutical Filtration Market: Region-wise Outlook The market is analysed under various regions namely- Brazil, Argentina, Mexico and rest of Latin America. This region has a steady market growth potential.
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Key Questions Answered • What is the current and future Latin America Pharmaceutical Filtration market outlook? What trends are affecting the market? • What is the competitive landscape and market share of major players in the Latin America Pharmaceutical Filtration market? • What are the key market segments that currently occupy the highest market share? Which market segments are growing the fastest? • What challenges are restraining the growth of the Latin America Pharmaceutical Filtration market? How will emerging technologies answer these challenges? • What is physician perception and market outlook of Latin America Pharmaceutical Filtration?
Latin America Pharmaceutical Filtration Market: Key Players Some of the major companies dominating the market are Merck KGaA, Pall Corporation, GE Healthcare, 3M Company, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., Eaton Corporation PLC, Graver Technologies, LLC, Amazon Filters Ltd. and Meissner Filtration Products, Inc.
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