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PharmaceuticalFilters Market, By Product Type (Membrane Filters, Prefilters and DepthMedia Filters, Single-use Systems, Cartridge & Capsule Filters, FilterHolders, Filtration Accessories, and Others), By Techniques (Microfiltration,Ultrafiltration, Nanofiltration, and Others), By Application (Final ProductProcessing, Raw Material Filtration, Cell Separation, Water Purification, andAir Purification), By Scale of Operation (Manufacturing Scale, Pilot Scale, andR&D Scale) and by Geography - Global Industry Insights, Trends, Outlook,and Opportunity Analysis, 2018-2026
Filtration is an importantprocess in pharmaceutical, biotechnological, and bioscientific laboratories.Pharmaceutical filtration devices are widely used in drug manufacturing,research & development, and others. There are various types of filers availablesuch as membrane filters, prefilters and depth media filters, and cartridge& capsule filters according to the requirement.
Increasing research anddevelopment activities for new drug development is expected to drive growth ofthe global pharmaceutical filters market in the near future
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Pharmaceutical filters are widelyused in research and development of new drugs, thus increasing R&Dactivities is expected to increase demand for pharmaceutical filters. Accordingto International Federation of Pharmaceutical Manufacturers & Associations,2017, around 56 new medicines were launched in 2015, while over 7,000 compoundswere at different stages of development, globally. The research-based pharmaceuticalindustry invested over US$ 149.8 billion on R&D per year, according to thesame source. Growing generic and biologics manufacturing market is alsoexpected to lead to high demand for pharmaceutical filters, as these areprimarily used in drug manufacturing processes.
North America is expected toexhibit a significant growth in the global pharmaceutical filters market overthe forecast period
North America market is expectedto exhibit high growth over the forecast period. This is owing to growing pharmaceuticalsindustry in the U.S. According to astudy published by International Federation of Pharmaceutical Manufacturers& Associations, 2017, U.S. represented largest market share (i.e. 40.3%) inthe global pharmaceuticals market in 2015. Moreover, the country’s share inglobal pharmaceutical market is expected to reach to 41% by 2020. Filters areused at various stages of manufacturing of pharmaceuticals, in the U.S. andthis is expected to drive demand for pharmaceutical filters. In the region, in turnaiding in growth of the market.
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Asia Pacific is expected to bethe second-largest market for pharmaceutical filters, owing to growingpharmaceuticals industry in the region and increasing export of pharmaceuticalsby countries such as India and China. According to the report published by Departmentof Industrial Policy and Promotion and Department of Pharmaceuticals, in 2017,India was one of the largest producers of pharmaceutical products and a leadingplayer in the global generics market, exporting nearly 50% of its production.These factors for expected to aid in growth of the market.
Major players in globalpharmaceutical filters market are Eaton Corporation Plc., GE Healthcare, ParkerHannifin Corporation, Merck KGaA, Danaher Corporation, 3M, Amazon Filters Ltd,Sartorius Stedim Biotech S.A., Graver Technologies, LLC, and MeissnerFiltration Products, Inc.
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