Key Trends And Drivers In The Tangential Flow Filtration Market 2024
The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.
Market Overview
- Rapid growth observed in recent years.
- Expected to reach $1.44 billion in 2024 with a CAGR of 12.9%.
- Forecasted to grow to $2.4 billion in 2028 with a CAGR of 13.6%.
- Major trends include mRNA vaccine production, exosome purification, and cell culture-based production.
Driving Forces Behind Growth
Rise in Healthcare Expenditure
- TFF contributes to cost-effectiveness in biopharmaceutical production.
- Healthcare expenditure projected to increase, driving TFF market growth.
- Major companies in the market include Danaher Corporation, Merck Millipore, and GE Healthcare.
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Technological Advancements
ABEC’s CSR Tangential Flow Filtration Systems
- ABEC launches custom single run (CSR) TFF systems for higher flow rates.
- Significant improvements in process times and productivity.
- Reflects a broader trend of technological advancement in the industry.
Donaldson Company’s Acquisition of Solaris Biotechnology
- Acquisition aimed at expanding Donaldson’s footprint in bioprocessing.
- Solaris Biotechnology adds to Donaldson’s portfolio of filtration solutions.
Market Segmentation
- By Product: Reusable Systems, Single-use Systems, Membrane Filters
- By Technology: Ultrafiltration, Microfiltration, Reverse Osmosis
- By Application: Bioprocess Applications, Viral Vector, Vaccine Purification, Other Applications
Regional Outlook
- North America led the market in 2023.
- Asia-Pacific expected to be the fastest-growing region.
In conclusion, the tangential flow filtration market is poised for substantial growth in the coming years. Factors such as increased healthcare expenditure and technological advancements are driving this growth trajectory. As major players continue to innovate and expand their offerings, the industry is expected to witness significant developments, particularly in regions like Asia-Pacific. With a diverse range of applications and a focus on efficiency and scalability, the future of the TFF market looks promising.
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