Global Pharmaceutical Filtration Market – Positive long-term growth outlook 2017-2024

1. Pharmaceutical Filtration Market size will witness significant growth from 2017 to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

2. Regional Analysis of Pharmaceutical Filtration Market : • Pharmaceutical filtration market size should experience robust growth due to rapidly growing biopharmaceutical industry. • Increasing prevalence of chronic diseases such as diabetes, cardiac disorders, cancer, and arthritis have surge in demand for the development of novel and innovative sterile drugs to treat various life-threatening disorders boosting the business growth. • Rising R&D investments in manufacturing large molecules, biologics and other novel drugs will drive the global pharmaceutical filtration market size. For instance, Merck has invested around USD 295 million in R&D for developing novel biopharma drugs used to treat patients with complex disorders. • Increased production of generic drugs and government mandates for sterile manufacturing and production of generic drugs will increase demand for filters and eventually fueling industry growth.

3. Furthermore, rapid technological advancements in the filtration techniques such as nanofibers technology used in pharmaceutical industry will expand the pharmaceutical filtration market size. • Huge capital requirement for research and production facilities of novel medicines, vaccines and drugs, coupled with stringent regulatory approval process for manufacturing safe, sterile and efficient drugs may hinder business growth in the future. • Membrane filters lead the overall industry revenue share owing to the advantages offered such as presence of different membrane materials including PTFE, nylon, cellulose acetate. • It allows controlled pore size distribution, greater strength and flexibility coupled with wide range of applications for solvent and air filtration. Single-use systems will grow at a rapid pace due to the low capital requirement, minimal risk of cross-contamination and higher efficiency for filtration of therapeutic drugs.

4. Competitive Market Share of Pharmaceutical Filtration Market • Ability to purify and fractionate particles based on size, low energy requirements, greater flexibility for separation and cost-efficiency will drive the microfiltration market over the coming few years. • Nanofiltration should grow at a substantial rate owing to nanofibers application to separate large molecules from smaller ones, low pressures and minimized energy cost boosting the overall market. • Based on application, the final product processing segment is dominating the industry. • Rising demand for filtration of APIs, proteins, vaccines, antibodies, and viruses will drive the segment growth. Increased production of vaccines, generic drugs and biologics boosts the manufacturing-scale segment. Increased focus on development of innovative biopharmaceuticals to treat chronic ailments will surge demand for these filtration process.

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