Selbyville, Delaware, Feb. 09, 2021 (GLOBE NEWSWIRE) -- According to seasoned forecasters, worldwide pharmaceutical membrane filtration market size reached USD 5.2 billion valuation in 2019 and is projected to expand at a yearly growth rate of 12% over 2020-2027. The industry has gained considerable momentum due to implementation of single use technologies in pharmaceutical sector. Moreover, innovations in nanofiltration technologies, coupled with quick adoption of advanced treatment therapies involving monoclonal antibodies, therapeutic proteins, and new vaccines has accelerated the use of filtration systems with membranes, capsules, cartridges among biopharmaceutical and biotechnology companies.
Proceeding further, a comprehensive analysis of the country-wise growth of each regional market, including North America, Latin America, Europe, and Asia-Pacific is provided in the research document. The industry is also segmented in terms of product, technique, material, and application to uncover the top revenue prospects going forward.
Besides, the research literature scrutinizes all the leading players in this domain, based on innovative launches, industrial penetration, production methods, distribution channels, and revenue generation. Key developments like mergers & acquisitions, collaboration & partnerships, and investments are documented in the report.
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Further, soaring investments by a significant companies in ramping up their production facilities is enhancing the overall pharmaceutical membrane filtration industry outlook. For instance, in 2020, Merck made an investment of about USD 280.3 million in Corsier-sur-Vevey, Switzerland for developing a new facility in the Merck Biotech Development Center.
For those uninitiated, membrane filtration is a separation technique extensively utilized in biotechnology and pharmaceutical verticals for several processes including material filtration, cell separation, water purification, air purification, and final product processing. Microfiltration, nanofiltration, ultrafiltration, ion exchange, and reverse osmosis are the key technologies used for membrane filtration.
Moving to the factors hindering global pharmaceutical membrane filtration industry growth, high operational costs and regular maintenance of the membranes will negatively impact the business landscape over the projected timeline.
Regional scope overview
North America, Asia Pacific, Latin America, and Europe are the key contributors to the overall pharmaceutical membrane filtration market renumeration. Among these, North America currently accounts for majority of the industry share and is likely to maintain a strong growth curve in the upcoming years. This can be ascribed to strong presence of leading pharmaceutical and biopharmaceutical companies in the region.
Likewise, Asia Pacific market is touted to grow significantly over the forecast period, largely driven by expansion of pharmaceutical and biopharmaceutical companies particularly in emerging economies like India.
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Global Pharmaceutical Membrane Filtration Market Product Sub-Segments (Revenue, USD Billion, 2017-2027)
- Systems
- Filters
- Accessories
Global Pharmaceutical Membrane Filtration Market Technique Sub-Segments (Revenue, USD Billion, 2017-2027)
- Ultrafiltration
- Microfiltration
- Nanofiltration
- Others
Global Pharmaceutical Membrane Filtration Market Material Sub-Segments (Revenue, USD Billion, 2017-2027)
- PVDF
- PES
- Nylon
- Others
Global Pharmaceutical Membrane Filtration Market Application Sub-Segments (Revenue, USD Billion, 2017-2027)
- Raw Material Filtration
- Final Product Processing
- Cell Separation
Global Pharmaceutical Membrane Filtration Market Geographical Segmentation (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Europe
- United Kingdom
- France
- Germany
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Pharmaceutical Membrane Filtration Market Company Profiles (Revenue, USD Billion, 2017-2027)
- Amazon Filters Ltd.
- Synder Filtration, Inc.
- Graver Technologies LLC
- Koch Membrane Systems
- Parker Hannifin Corp.
- GEA Group AG
- Thermo Fisher Scientific, Inc.
- 3M Company
- Danaher Corp.
- Merck Millipore
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Pharmaceutical Membrane Filtration Market, by Region, 2018-2027 (USD Billion)
1.2.2. Pharmaceutical Membrane Filtration Market, by Product, 2018-2027 (USD Billion)
1.2.3. Pharmaceutical Membrane Filtration Market, by Technique, 2018-2027 (USD Billion)
1.2.4. Pharmaceutical Membrane Filtration Market, by Material, 2018-2027 (USD Billion)
1.2.5. Pharmaceutical Membrane Filtration Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Pharmaceutical Membrane Filtration Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Pharmaceutical Membrane Filtration Market Dynamics
3.1. Pharmaceutical Membrane Filtration Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Pharmaceutical Membrane Filtration Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Pharmaceutical Membrane Filtration Market, by Product
5.1. Market Snapshot
5.2. Global Pharmaceutical Membrane Filtration Market by Product, Performance - Potential Analysis
5.3. Global Pharmaceutical Membrane Filtration Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
5.4. Pharmaceutical Membrane Filtration Market, Sub Segment Analysis
5.4.1. Filters
5.4.2. Systems
5.4.3. Accessories
Chapter 6. Global Pharmaceutical Membrane Filtration Market, by Technique
6.1. Market Snapshot
6.2. Global Pharmaceutical Membrane Filtration Market by Technique, Performance - Potential Analysis
6.3. Global Pharmaceutical Membrane Filtration Market Estimates & Forecasts by Technique 2017-2027 (USD Billion)
6.4. Pharmaceutical Membrane Filtration Market, Sub Segment Analysis
6.4.1. Microfiltration
6.4.2. Ultrafiltration
6.4.3. Nanofiltration
6.4.4. Others
Chapter 7. Global Pharmaceutical Membrane Filtration Market, by Material
7.1. Market Snapshot
7.2. Global Pharmaceutical Membrane Filtration Market by Material, Performance - Potential Analysis
7.3. Global Pharmaceutical Membrane Filtration Market Estimates & Forecasts by Material 2017-2027 (USD Billion)
7.4. Pharmaceutical Membrane Filtration Market, Sub Segment Analysis
7.4.1. PES
7.4.2. PVDF
7.4.3. Nylon
7.4.4. Others
Chapter 8. Global Pharmaceutical Membrane Filtration Market, by Application
8.1. Market Snapshot
8.2. Global Pharmaceutical Membrane Filtration Market by Technique, Performance - Potential Analysis
8.3. Global Pharmaceutical Membrane Filtration Market Estimates & Forecasts by Technique 2017-2027 (USD Billion)
8.4. Pharmaceutical Membrane Filtration Market, Sub Segment Analysis
8.4.1. Final Product Processing
8.4.2. Raw Material Filtration
8.4.3. Cell Separation
8.4.4. Others
Chapter 9. Global Pharmaceutical Membrane Filtration Market, Regional Analysis
Related Report:
Global Membrane Filtration Market Size study, Regional Forecasts 2019-2026
Global membrane filtration market size is valued approximately at USD 12.6 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2019-2026. Membrane filtration is a membrane technology used for the separation of biomolecules and particles for concentration of process fluids. Membrane filtration is widely used for the elimination of microorganisms, bacteria, and organic material from water. Industries such as chemical processing, food, and dairy are using this filtration to obtain organic water. The rising adoption of consumer towards health awareness has enhanced the growth of this market over the forecast period.
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