Pharmaceutical Filtration Market Trends

  • Report ID: 491
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Pharmaceutical Filtration Market Trends

Growth Drivers

  • Increasing Investment in Biopharmaceutical Research and Development - A very small patient group of people can receive approved medications. Biopharmaceutical companies work hard to produce high-quality pharmaceuticals that patients get for a long time. According to the International Federation of Pharmaceutical Manufacturers & Associations, it is estimated that USD 179 billion was spent globally on the biopharmaceutical industry R & D in 2018. The aggregate contribution from the combined, direct, indirect, and induced effects of the biopharmaceutical industry was USD 1,838 billion to the world’s GDP.
  • Upsurge in the Use of Active Pharmaceutical Ingredients (API) – Globally, China produces approximately 75 to 85% of antibiotic APIs whilst Indian companies are leading in the production of finished products.
  • Rise in the Utilization of Single-Use Technologies & Systems in the Biopharmaceutical Industry – It was found that single-use bioreactors grew by approximately 59% points over the past 13 years.
  • Surge in the Profitability of Large Pharmaceutical Companies - it was observed that, from 2000 to 2018, the cumulative revenue of 35 large pharmaceutical companies was approximately USD 11.5 trillion, with gross profit of more than USD 8.5 trillion, earnings before interest, taxes, depreciation, and amortization (EBITDA) of USD 3.5 trillion, and net income of USD 2 trillion.
  • Upsurge in Nanofiltration Membrane Market - in the year 2020, the U.S. nanofiltration market was estimated to be USD19 Million.

Challenges

  • Upsurge of Fiber Breakage in Membrane Filters - Pharmaceutical manufacturing facilities frequently fail to filter out all of the chemicals employed in the process, which causes the chemicals to leak into nearby freshwater systems before finally reaching the sea, lakes, streams, and rivers. In China, the polymeric membrane was already widely used to purify drinking water, with just a maximum treatment capacity of 3.8 million tonnes.
  • Negative Impact of Active Pharmaceutical Ingredients (API) on Human Health and the Ecosystem
  • High Cost Involved in the Installation and Upgradation of the Filtration System

Pharmaceutical Filtration Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

15.5%

Base Year Market Size (2024)

USD 13.33 billion

Forecast Year Market Size (2037)

USD 88.97 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 491
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of pharmaceutical filtration is evaluated at USD 15 billion.

The pharmaceutical filtration market size was over USD 13.33 billion in 2024 and is expected to exceed USD 88.97 billion by the end of 2037, growing at over 15.5% CAGR during the forecast period i.e., between 2025-2037. Increasing investment on biopharmaceutical research and development, rise in the use of single- use technologies & systems in biopharmaceutical industry will propel the market growth.

North America industry is poised to hold majority revenue share by 2037, driven by increasing demand for pharmaceuticals propelled by rising burden of various types of diseases and other health conditions in the region.

The major players in the market include 3M, Amazon Filters Ltd., Parker-Hannifin Corporation, Sartorius, Eaton Corporation plc, Graver Technologies LLC, Meissner Filtration Products, Inc., Cole-Parmer Instrument Company, LLC., Donaldson Company, Inc., Danaher Corporation.
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