New York, United States , Jan. 16, 2023 (GLOBE NEWSWIRE) -- The Global Sterile Filtration Market Size to grow from USD 5.3 billion in 2021 to USD 11.0 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period. The sterile filtration market has grown due to the advantages of sterile and non-sterile filters. In addition, the growing demand for pure water. The Asia-Pacific market is expected to grow at the fastest CAGR between 2021 and 2030, due to the presence of small and medium-scale companies.
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Browse key industry insights spread across 199 pages with 106 market data tables and figures & charts from the report “Global Sterile Filtration Market Size, Share, and COVID-19 Impact Analysis, By Product (Cartridge Filter, Capsule Filter, Syringe Filter, and Others) By End User (Pharmaceutical & Biopharmaceutical Companies, Contract Research Organizations and Research Laboratories) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) Analysis and Forecast 2022 – 2030.”, in detail along with the table of contents.
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The cartridge filters segment to account for the largest market size during the forecast period
Based on the product, the global sterile filtration market is categorized into Cartridge Filters, Capsule filters, Syringe filters, and Others. The cartridge filter segment accounts for the largest market size during the forecast period. To keep a pool clean and safe, cartridge filters are necessary. All detritus, undesired dirt, calcium, and oils are to be removed by it.
The pharmaceutical & biopharmaceutical companies segment to hold a higher CAGR during the forecast period.
Based on the end-user, the sterile filtration market is categorized into Pharmaceutical & Biopharmaceutical Companies, Contract Research Organizations, and Research Laboratories. The pharmaceutical & biopharmaceutical companies segment to hold a higher CAGR during the forecast period. The pharmaceutical and biotechnology industries' expansion in both developed and developing nations contributes to the growth of the global sterile filtration market. The global sterile filtration market is also being driven by the rise in chronic disorders like diabetes, kidney disease, cancer, and heart issues. Early diagnosis and treatment are necessary for many ailments, which fuels the expansion of pharmaceutical goods and medications. The global sterile filtration market is expanding as a result of end-user demand for very pure products from pharmaceutical and biotech companies.
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North America is estimated to account for the highest market share in 2022.
The Global Sterile Filtration Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. Because there are more API production facilities, businesses are spending more on research and development. According to US FDA (Food & Drug Administration) data, there were about 510 API facilities in the country in 2019. Additionally, the Pharmaceutical Research & Manufacturers of America estimates biopharmaceutical businesses invested roughly 79.6 billion USD in R&D in 2018. Asia-Pacific to hold a higher CAGR during the forecast period.
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Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Sterile Filtration Market include Merck KGaA (Germany), Danaher (U.S.), Sartorius AG (Germany), General Electric (U.S.), 3M (U.S.), Parker Hannifin Corp (U.S.), Sterlitech Corporation (U.S.), Alfa Laval AB (Sweden), Thermo Fisher Scientific Inc. (U.S.), Porvair Filtration Group (U.K.), Medtronic (U.S.), MEISSNER FILTRATION PRODUCTS, INC. (U.S.), Donaldson Company, Inc. (U.S.), Corning Incorporated (U.S.), Eaton (Ireland), and Cole-Parmer Instrument Company, LLC. (U.S.).
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