• Wed. Nov 30th, 2022

Global Sterile Filtration Market Report 2022: Expanding Biopharmaceutical Industry Through Rising R&D Investments Fuels Fundamental Growth – ResearchAndMarkets.com

ByStephanie M. Akbar

Oct 26, 2022

[ad_1]

DUBLIN–()–The “Sterile Filtration – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Global Sterile Filtration Market to Reach $7.8 Billion by 2027

Amid the COVID-19 crisis, the global sterile filtration market estimated at US$4.8 billion in 2020, is expected to reach a revised size of US$7.8 billion by 2027, with growth at a CAGR of 7.2% over the period 2020-2027. Cartridge filters, one of the segments analyzed in the report, is expected to register a CAGR of 6.9% and reach US$2.9 billion by the end of the analysis period. Given the ongoing post-pandemic recovery, capsule filter segment growth is readjusted to a revised CAGR of 7.7% for the next 7-year period.

The US market is estimated at $1.6 billion, while China is expected to grow at a CAGR of 9.2%

The sterile filtration market in the United States is estimated to be worth US$1.6 billion in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$1.1 billion by 2027 , with a CAGR of 9.2% over the period 2020 to 2027. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 5.9% and 6.5% respectively over the period 2020 -2027. In Europe, Germany is expected to grow at a CAGR of around 6.5%. Led by countries like Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$907.8 million by 2027.

Membrane filters segment will register a CAGR of 8.7%

In the global membrane filter segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 8.7% for this segment. These regional markets representing a combined market size of US$594.7 million in 2020 will reach a projected size of US$1 billion by the end of the analysis period. China will remain among the fastest growing markets in this group of regional markets. Latin America will grow at a CAGR of 9.6% during the analysis period.

Select competitors (total of 40 featured)

  • 3M

  • Alfa Laval AB

  • Merck KGaA

  • Pall Company

  • Parker Hannifin Corporation

  • Porvair Filtration Group

  • Sartorius AG

  • Starlab Scientific Co.,Ltd

  • Sterlitech Corporation

  • Thermo Fisher Scientific

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • Growth in the biopharmaceutical industry, led by rising R&D investment, is fueling fundamental market growth

  • Bioburden control in a growing biopharmaceutical industry provides an opportunity for sterile filtration

  • Here’s how the focus on bioburden control is driving demand for sterile filtration in the biopharmaceutical industry

  • Increased vaccine production increases the need for sterile filtration

  • Sterile filtration and vaccines

  • Robust demand for processed foods to take advantage of growing demand

  • Pandemic drives demand for packaged food and beverages

  • Why is filtration essential in food processing and production?

  • On Cards, robust growth opportunities in the alcohol industry, post-pandemic

  • Role of Sterile Filtration in Wine and Beer Production

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETITION

For more information on this report, visit https://www.researchandmarkets.com/r/fh0bit

[ad_2]
Source link