HOME › Press Releases › Sterile Filtration Market worth 7.46 Billion USD by 2020
Sterile Filtration Market worth 7.46 Billion USD by 2020
The 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", 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.
Browse 83 market data Tables and 111 Figures spread through 193 Pages and in-depth TOC on "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"
Early buyers will receive 10% customization on reports.
The global sterile filtration 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. 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 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.
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 KGaA (Germany), 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.)
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India