PUNE, India, April 7, 2016 /PRNewswire/ --
According to a new market research report "Sterile Filtration Market by Product (Membrane Filters, Cartridges & Capsules, Syringe Filters), Application (Bioprocesses, Fill-finish process, Utilities Filtration, Pre-Filtration), Membrane Pore Size (0.22 Microns), End-User - Global Forecast to 2020", published by MarketsandMarkets, The global market is expected to reach USD 7.46 Billion by 2020 from USD 4.00 Billion in 2015, at a CAGR of 12.4% from 2015 to 2020.
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Browse 83 market data Tables and 111 Figures spread through 193 Pages and in-depth TOC on "Sterile Filtration Market"
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Increase in R&D spending, growth in the biopharmaceutical industry, growing demand for biopharmaceutical molecules, rising incidence of diabetes & kidney failure, and increasing purity requirement in end-users, are the primary growth drivers for this market during the forecast period (2015-2020). However, stringent government regulations for validation of filtration process may hinder the growth of this market.
The report provides a detailed overview of the major drivers, restraints, opportunities, challenges and trends impacting the global sterile filtration market along with the estimates and forecasts of the revenue and market share analysis.
The global sterile filtration market is segmented on the basis of products, applications, membrane pore size, and end-user. On the basis of product, the market is segmented into membrane filters, cartridges & capsules, syringe filters, bottle-top vacuum filters, filter funnels & holders, and filtration accessories. Of these, the membrane filters product segment accounted for the largest share of the global sterile filtration market in 2015, large share of this segment can primarily be attributed to the increasing use of membrane filters for various filtration applications and higher frequency of purchase of these filters as compared to cartridges & capsules, syringe filters, and bottle-top vacuum filters. On the basis of end-user, the market is segmented into pharmaceutical & biotechnology companies, academic institutes & research laboratories, food & beverage industry, and water filtration companies. Of these, the pharmaceutical & biotechnology end-user segment accounted for the largest share of the global sterile filtration market in 2015, large share of this segment is due to the utilization of sterile filtration techniques for meeting filtration and separation requirements from R&D activities to early-stage product development to full-scale manufacturing in the pharmaceutical & biotechnology companies.
By membrane pore size, the market is divided into 0.22, 0.45 & 0.1 microns. Of these, the 0.22 microns accounted for the largest growing segment in the global sterile filtration market by 2020. On the basis of applications, the sterile filtration market is categorized into bioprocesses, fill-finish process, utilities filtration, pre-filtration, and virus filtration.
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The geographic segments included in this report are North America, Europe, Asia, and Rest of the World (RoW). Geographic analysis reveals that North America accounted for the largest share of the global sterile filtration market in 2015. Growth in this market can be attributed to the growth of biopharmaceutical industry and increase in R&D spending.
The major players in this market include Merck & Co., Inc. (U.S.), General Electric Company (U.S.), Pall Corporation (U.S.), Parker Hannifin Corporation (U.S.), Sartorius Stedim Biotech Group (France), Sigma Aldrich Corporation (U.S.), 3M (U.S.), Porvair Filtration Group (U.K.), Starlabs Scientific (U.S.), and Sterlitech Corporation (U.S.
Browse Related Reports:
Pharmaceutical Filtration Market by Product (Membrane Filters, Single-use systems), Techniques (Ultrafiltration, Cross Flow Filtration), Applications, Scale of Operations, Geography (North America, Europe) - Global Forecast to 2020
Laboratory Filtration Market by Technology (Ultrafiltration, Microfiltration, Reverse Osmosis), Product (Filter Assembly, Filter Media), Accessories (Dispenser, Seal, Filter Flask, Vacuum Pump) & by End-User - Global Forecasts to 2019
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