Growth Drivers
Proliferating Adoption of Single-Use Filtration Technology To Fuel the Growth of the Global Market
Increasing investments in the research and development by pioneer companies for the development of large molecules is estimated to act as a major driver for market growth. Additionally, usage of depth filtration across the globe for extraction of large molecules coupled with the characteristics of depth filtration such as low-budget, separation of high-denseness of pre-heated steams are estimated to support the development of the global market over the forecast period. Furthermore, the convenience of depth filtration in the healthcare industry for emitting and microfiltration towards medical devices along with the rising demand for pure and high essence filter goods are expected to fuel the global market growth.
Challenges
Strict Rules and Regulations
The market is anticipated to be hindered by factors such as stringent rules & regulation by government bodies, lack of knowledge over the concept of depth filtration, and the requirement of high capital investment for setting up depth filtration manufacturing facility.
Base Year |
2023 |
Forecast Year |
2024–2036 |
CAGR |
8.4% |
Base Year Market Size (2023) |
USD 2.35 billion |
Forecast Year Market Size (2036) |
USD 6.71 billion |
Regional Scope |
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Author Credits: Radhika Pawar
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