Sterile Filtration Market To Find Better Growth with US$ 15 Billion By 2026 | CAGR: 13.3%: Coherent Market Insights
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The Global Sterile Filtration Market, by Product Type (Membrane Filters, Cartridge Filters, and Capsule Filters), By Application (Bioprocesses, Fill-finish Process, Pre-filtration, and Utilities Filtration), by Membrane Pore Size (0.1 um, 0.2 um, and 0.5 um), by End User (Pharmaceutical and Biotechnology Companies and Academic Research Institute), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 5.2 billion in 2017, and is estimated to exhibit a CAGR of 13.3% over the forecast period (2018-2026), as highlighted in a new report published by Coherent Market Insights.
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The increasing demand for advanced filtration products, in order to cater to the specific needs of researchers for research and development activities is one of the major factors that is expected to augment the market growth over the forecast period. Moreover, growing demand for advanced medical devices having therapeutic applications, coupled with increasing R&D investments in manufacturing of large molecules, biologics, and other novel drugs are the factors that are further expected to augment the sterile filtration market over the forecast period. For instance, in 2015, Sanofi and entered into a strategic collaboration with Regeneron Pharmaceuticals, Inc., to develop and commercialize new antibody cancer treatment PD-1 drug cemiplimab (SAR439684), indicated for the treatment of cutaneous squamous cell carcinoma (CSCC), the second most common form of skin cancer. Sterile filtration is essential to remove particles or microorganisms that may affect the safety or efficacy of a biologic. In order to design a scalable, transferrable, and flexible process, it is crucial to choose a filtration with wide range of membranes and devices.
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Moreover, key players in the global sterile filtration market are engaged on developing reliable solutions to improve production processes in biopharmaceutical industry. For instance, research and development investment in filter elements enhance aseptic process security and improved production. Other recent improvements in filter elements include reliable mechanical and thermal stability, doubling of throughput and flow rates leading to lower processing costs, faster processing times, and less down-time. For instance, in 2016, Sartorius Stedim Biotech (SSB), announced about integration of polyethersulfone membrane (PESU) into two new, sterile Sartocon benchtop and production scale filtration assemblies, which provides rapid and safe ultrafiltration of biologics and vaccines.
Browse 47 Market Data Tables and 36 Figures spread through 156 Pages and in-depth TOC on “Sterile Filtration Market, by Product Type (Membrane Filters, Cartridge Filters, and Capsule Filters), by Application (Bioprocesses, Fill-finish Process, Pre-filtration, and Utilities Filtration), by Membrane Pore Size (0.1 um, 0.2 um, and 0.5 um), by End User (Pharmaceutical and Biotechnology Companies and Academic Research Institute), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026”
To know the latest trends and insights related to Sterile Filtration market press release, click the link below: https://www.coherentmarketinsights.com/press-release/sterile-filtration-market-to-surpass-us-15-billion-by-2026-1401
Key Takeaways of the Sterile Filtration Market:
- The global sterile filtration market is expected to exhibit a CAGR of 13.3% over the forecast period, attributed to increasing investments in pharmaceutical industry. For instance, according to a report by the Association of the British Pharmaceutical Industry, the global pharmaceutical industry invested over US$ 1.36 trillion in R&D from 2007 to 2016.
- On the basis of product type, membrane filters segment is expected to account for major market share, in terms of revenue, attributed to its advantages over other products such as it enables controlled pore size distribution, offers greater flexibility, and strength.
- Key players operating in the global sterile filtration market include 3M, Merck & Co., Inc., General Electric Company, Pall Corporation, Parker Hannifin Corporation, Porvair Filtration Group, Sterlitech Corporation, Sartorius, Starlab Scientific Co., Ltd., Sigma Aldrich Corporation, and Thermo Fisher Scientific.
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