The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pharmaceutical filtration market report forecasts the pharmaceutical filtration market size to grow to $8.52 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Pharmaceutical Filtration Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pharmaceutical-filtration-global-market-report

Pharmaceutical Filtration Market Size Forecast
The global pharmaceutical filtration market is expected to grow from $6.56 billion in 2022 to $6.96 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical filtration market is expected to reach $8.52 billion in 2027 at a CAGR of 5.2%.

North America held the largest pharmaceutical filtration market share.

Key Pharmaceutical Filtration Market Driver ­– Increase In Demand For Generic Drugs
For instance, according to the India Brand Equity Foundation, an India-based export promotion agency, India is the world’s largest supplier of generic drugs; as of June 2022, the Indian pharmaceutical sector supplies more than 40% of generic demand in the United States and 25% of all pharmaceuticals in the United Kingdom. Furthermore, according to IMS Health, a US-based healthcare technology company, generic drugs would dominate prescription drug usage in the US, with demand rising from 88% to 92% of all prescription drugs sold in the US by 2020. Therefore, the increase in demand for generic drugs is driving the growth of the pharmaceutical filtration market.

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Key Pharmaceutical Filtration Market Trend – Product Innovation
Many companies operating in the pharmaceutical filtration market are developing new products with advanced methods of filtration such as high-volume filtration plates to strengthen their position in the pharmaceutical filtration market. For instance, in November 2021, ANDRITZ, an Austria-based company operating in pharmaceutical filtration launched Nutrion, an innovative vacuum filter for the pharma and food industries. This innovative filter consists of improved features to eliminate the risk of contamination by taking filter-cloth installation to the next level and eliminating dirt traps and reduces downtime for cloth changes.

Pharmaceutical Filtration Market Segment
1) By Product: Membrane filters, Prefilters and depth media, Single-use systems, Cartridges and capsules, Filter holders, Filtration accessories, Other Products
2) By Technique: Microfiltration, Ultrafiltration, Crossflow filtration, Nanofiltration, Other Techniques
3) By Scale of Operation: Manufacturing scale, Pilot-scale, Research and development scale
4) By Application: Final product processing, Raw material filtration, Bioburden testing, Cell separation, Water purification, Air purification

Pharmaceutical Filtration Market Major Players and Strategies
Major players in the pharmaceutical filtration market are 3M Health Care, Danaher Corporation, Amazon Filters Ltd., Eaton Corporation plc, GE Healthcare, Graver Technologies LLC, Meissner Filtration Products, Merck & Co., Inc., Parker Bioscience Filtration, Sartorius AG, Repligen, Porvair Plc, Alfa Laval AB, Corning Incorporated, and Thermo Fisher Scientific.

In November 2021, Donaldson Company, a US-based vertically integrated filtration company, acquired Solaris Biotechnology for €41 million (USD46.3 million). Through this acquisition, Donaldson Company aims to strengthen its presence in the life sciences market. Solaris Biotechnology is an Italy-based designer and manufacturer of bioprocessing equipment, including fermenters, bioreactors, and tangential flow filtration systems.

The Pharmaceutical Filtration Global Market Report 2023 covers regional data on pharmaceutical filtration market size, pharmaceutical filtration market trends and drivers, opportunities, strategies, and pharmaceutical filtration market competitor analysis. The countries covered in the pharmaceutical filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Pharmaceutical filtration is a technique that removes solid particulate matter from a fluid, which can be either liquid or gas, by utilising a porous medium. It is used in pharmaceutical production sectors to remove pollutants like as particulate matter and bacteria from solids, air, liquids, and gases.

View More Reports Related To The Pharmaceutical Filtration Market –
Pharmaceutical API Manufacturing Global Market Report 2023
Pharmaceutical Sterility Testing Global Market Report 2023
Filtration And Contamination Control Global Market Report 2023

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