Innovations in Membrane Filtration: Revolutionizing Pharmaceutical Manufacturing
Growth in the global market can be attributed to factors such as the expanding biopharmaceutical industry, increased R&D spending by the government and top companies in pharmaceutical and biotechnology industries, rapidly growing adoption of single-use technologies, multiple product launches by leading market players, scrutiny for purity requirements by end users, and growing advances in nanofiber technology. However, membrane fouling and huge capital investment required to set up new production facilities are expected to adversely impact market growth.
The global pharmaceutical filtration market In terms of revenue was estimated to be worth $13.5 billion in 2023 and is poised to reach $26.2 billion by 2028, growing at a CAGR of 14.2% from 2023 to 2028.
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In 2022, membrane filtration segment dominated the market. The reason for the domination of these filters is that the membrane filters offer a number of advantages over other types of filters, including ease of installation in large and small systems; availability of products in a variety of polymers, pore sizes, diameters, and surface types for site-specific applications; high throughput, accuracy, and flow rate; lower filtration time and no risk of membrane fouling; and minimal cross-contamination.
Membrane filers also adhere to the GMP manufacturing practices of pharmaceutical drugs. Owing to these advantages, the adoption of membrane filters is growing in the pharmaceutical industry.
The global market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the global market, followed by Europe and the Asia Pacific.?
Key players in the Pharmaceutical Filtration Market include Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), Parker-Hannifin Corporation (US), Thermo Fisher Scientific Inc. (US), 3M Company (US).