Global Filter Integrity Testing Market is expected to reach at a CAGR of 3.88% during the forecast period from 2018-2025
A new research report published by Fior Markets with the title Global Filter Integrity Testing Market by Test Type (Diffusion Test, Water Flow Integrity Test, Bubble Point Test), Filter Type, Filter Integrity Test Mechanism, Applications (Biotech & Pharmaceutical, Food & Beverages, Microelectronics, Others), Region and Global Forecast 2018-2025.
As per the report, the global filter integrity testing market is expected to grow from USD 61.21 billion in 2017 to USD 86.15 billion by 2025 at a CAGR of 3.88% during the forecast period from 2018-2025. Increasing demand for biopharmaceuticals and implementation of drug safety in U.S., presence of major players, and rapid technological advancements are factors that led to the growth of filter integrity testing market in North America region.
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Prominent companies in the industry include Danaher Corporation, Merck, Millipore, Sartorius AG, Parker Hannifin Corp, PALL, Donaldson Company, Pentair, 3M, Meissner Filtration, Neuronbc, Bodehengxin, Sh-Surway, Thermo Fisher Scientific, Mdi Membrane Technologies, Eaton Corporation PLC, and Meissner Filtration Products are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share. For instance, in 2018, Thermo Fisher Scientific acquired Becton Dickinson Company’s Advanced Bioprocessing business. This acquisition expanded company’s product portfolio of life sciences solutions.
Test type segment covers diffusion test, water flow integrity test, and bubble point test. Diffusion test segment valued around USD 22.67 billion in 2017. This is attributable owing to high sensitivity, high margin of safety, and complete filter system testing offered by the diffusion testing. This test needs to be moistened with a liquid in which gas molecules diffuse through the water-filled pores. Filter type segment is divided into liquid filter integrity test and air filter integrity test. Air filter integrity test uses filter integrity test method to guarantee the sterility of critical parameters. It is used in pharmaceutical and biotechnological production applications. Filter integrity test mechanism segmented into automated and manual. Automated segment held highest market share of 53.14% in 2017 owing to less risk of human errors as data is not manually entered into the integrity test instrument. In addition, filter is tested in-line without need to initiate the test manually and the results are automatically transferred to data storage module. Automated integrity test are very sensitive to temperature changes and has major impact on test results. Applications segment is categorized into biotech & pharmaceutical, food & beverages, microelectronics, and others. Biotech & pharmaceutical segment is anticipated to grow with highest CAGR 5.22% during the forecast period owing to increasing growth of biopharmaceutical and biologics industry. Furthermore, stringent government guidelines are supplementing the growth of industry size of the biotech & pharmaceutical segment
Rising R&D expenditure, growing in the biopharmaceutical industry, and growing purity requirements in the end-user market are the key driving factors for the filter integrity testing market. The cost of testing may limit the growth of market. However, increasing opportunities in emerging markets and manufacturing and use of advanced filters is expected to boost the filter integrity testing market over the forecast period.
About the report:
The global filter integrity testing market is analysed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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