The global pharmaceutical filtration devices market is expected to rise to a valuation of USD 23 billion in 2022, according to the latest research report from Market Research Future (MRFR). The global pharmaceutical filtration devices market is examined in detail in the report, which presents a detailed assessment of the categorization of the market by various parameters, including region, type, application, and end use. The granular structure of the global pharmaceutical filtration devices market is explained in detail in the report.
The major drivers for the pharmaceutical filtration devices market include the growing demand from the pharmaceutical industry and the growing production generic drugs. The pharmaceutical industry has grown by leaps and bounds in the last few years, as disease prevalence has grown and awareness about various diseases has increased. Growing awareness about the possibilities of drug generation for various new diseases is likely to be a major driver for the global pharmaceutical filtration devices market over the forecast period. Growing production of generic drugs is also likely to be a major driver for the global pharmaceutical filtration devices market over the forecast period. Generic drugs have come in demand increasingly in the last few years due to the growing disease prevalence, leading to the pharmaceutical filtration devices industry receiving strong growth prospects.
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Pharmaceutical filtration devices are used to keep pharmaceutical formulations and mixtures clean and free from contaminants. The importance of keeping pharmaceutical formulations free from contamination has led to a growing demand from the pharmaceutical filtration devices market over the last few years. The growing pharmaceutical industry is likely to be a major driver for the global pharmaceutical filtration devices market over the forecast period.
Leading players in the global pharmaceutical filtration devices market include GEA Group, Koch Membrane Systems Inc., Graver Technologies LLC, Alfa Laval, Merck KGaA, Sartorius Stedim Biotech S.A., Parker Hannifin Corporation, Pall Corporation, and GE Healthcare.
Leading players in the global pharmaceutical filtration devices market are likely to focus on product development in the coming years, as players try to present a full product catalog capable of being useful in all types of pharmaceutical industry processes. Product development is likely to remain the key tactic for players in the global pharmaceutical filtration devices market over the forecast period.
The global pharmaceutical filtrations devices market segmentation is based in terms of product, applications, and filtration types.
- By Types, the market includes grade filtration (liquid and gas), water filtration, air filtration, chemical filtrations, and absorptive filtrations.
- By Product, the market segments into media filters, membrane filters, cartridges and capsule filtration, and others.
- By Application, the market includes cell separation, water purification, air purification, sterilization, media and buffer filtrations, and others.
The geographical segmentation of the global pharmaceutical filtration devices market is divided into the following regions: Americas, Asia Pacific, Europe, and the Middle East & Africa.
North America holds the dominant position of the global market in terms of both value and volume. It holds the largest share of the market and is expected to grow further in the coming years.
The European region standing in the second position in the global standings of the pharmaceutical filtration devices market is expected to continue its surge upwards to catch up to the North American region. Advancements in technology, the active presence of various large and prominent market players, rising manufacturing of generic drugs and biopharmaceutical products are expected to also drive the market in this region.
The market growth in the Asia Pacific region is also expected to expand at a rapid pace. This is due to the rising government initiatives and funding, rising healthcare expenditure, increasing prevalence of diseases like malaria, rabies, and polio, and growing investments by leading market players in emerging economies like India and China.