The global pharmaceutical membrane filtration market is expected to grow at a compound annual growth rate (CAGR) of 12% from 2020 to 2025 to reach $10.2 billion by 2025, according to a new report by MarketsandMarkets. Key factors driving this growth include the increasing adoption of nanofiltration technology and opportunities for geographical expansion.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=255408031

Nanofiltration offers pharmaceutical companies greater flexibility, control, cost-effectiveness, lower energy usage, and durability compared to other filtration techniques. Nanofilters can meet stringent separation and purification requirements in liquid pharmaceutical applications like sterile filtration, reverse osmosis, and ultrafiltration. Their advantages are expected to drive significant implementation over the forecast period.

Geographical expansion also presents an important growth avenue. Emerging pharmaceutical markets like China, India, and Singapore offer lenient regulatory environments compared to mature markets. As a result, leading players are establishing operational bases in these countries to leverage their low-cost manufacturing and attractive R&D conditions.

In terms of products, the membrane systems segment is estimated to register the highest CAGR over the forecast period thanks to rising demand for fully automated systems with touch panels. Meanwhile, the final product processing segment will account for the largest share due to increasing biopharmaceutical API manufacturing.

By technique, microfiltration dominated the market in 2019 as one of the most widely utilized separation methods for organic compounds and bacteria. Based on materials, polyethersulfone (PES) membranes are expected to occupy the greatest share owing to their hydrophilic nature, low protein-binding properties, and alkaline pH stability.

Over the coming years, Asia Pacific is poised to be the fastest growing geographical market. The rapid growth of pharmaceutical industries in China and India as well as comparative ease of regulatory barriers make these ideal manufacturing and R&D hubs.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255408031

Key players operating in the global pharmaceutical membrane filtration space include Merck, Danaher, Sartorius Stedim Biotech, and 3M Company. These companies are focused on facility expansions as well as collaborations and partnerships to consolidate their positions.

North America was the largest regional market for pharmaceutical membrane filtration

The global pharmaceutical membrane filtration market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America was the largest market for pharmaceutical membrane filtration, followed by Europe. The large share of North America can be attributed to several factors, such as the presence of key biopharmaceutical manufacturing facilities in the region and the significant spending on research and development activities in the US.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=255408031

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com