The Sterile Filtration market is expected to register a CAGR of 8% over the forecast period, owing to the growing pharmaceutical and biopharmaceutical companies and increasing investments into research and development activities. According to the European Federation of Pharmaceutical Industries and Associations, the overall sales of pharmaceutical industry worldwide was recorded to be approximately 852,647 million USD. Furthermore, emission of high concentration of high antibiotics on the manufacturing sites that might develop the new forms of pathogens. Hence, filtration is an immense part involved in manufacturing of drugs. The drugs need to be protected against introduction of unwanted bacterias, virus and other micro-organisms and ensure patient safety.
Key Market Trends
Membrane Segment is Expected to Exhibit a Significant Market Growth in the Sterile Filtration Market
Membrane is a type of filter that have a uniform sized pores that traps the micro-organisms. The adoption of biologics, cell-culture based vaccines, etc. is growing, which is expected to grow the demand for filtration. For developing these biologics, cell filtration is a crucial part as the culture needs to be protected against introduction of unwanted bacteria, virus and other micro-organisms. Hence, a proper membrane filter is of utmost importance.
Furthermore, the clarification process involves centrifugation, microfiltration and harvesting of the culture. Cell separation and removal of cell debris are the primary goals of this procedure, for which membranes are required. Thus, it is expected to impact positively on the sterile filtration market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to be a dominant region in the Sterile Filtration market, owing to the increasing number of API manufacturing facilities and increasing investment by companies into R&D activities. As per the data of US FDA (Food & Drug Administration), in 2019, approximately 510 API facilities were present in the United States. Furthermore, according to the Pharmaceutical Research & Manufacturers of America, in 2018, around 79.6 billion USD was invested by biopharmaceutical companies in R&D activities. Hence, the aforementioned factors are expected to boost the demand for sterile filtration.
The well-known companies in Sterile Filtration market are Danaher Corporation, Merck KGaA, ThermoFisher Scientific Inc., Sartorius AG, GE Healthcare, 3M, Cole-Parmer Instrument Company, LLC, Sterlitech Corporation, Eaton Corporation and Porvair Filtration Group.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Chronic Diseases
4.2.2 Rising Pharmaceutical & Biopharmaceutical Industry
4.3 Market Restraints
4.3.1 Stringent Regulatory Framework
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Cartridge Filter
5.1.2 Capsule Filter
5.1.3 Syringe Filter
5.2 By End User
5.2.1 Pharmaceutical & Biopharmaceutical Companies
5.2.2 Contract Research Organization
5.2.3 Research Laboratories
5.3.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.3.4 Middle-East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East & Africa
5.3.5 South America
188.8.131.52 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 Cole-Parmer Instrument Company, LLC
6.1.3 Danaher Corporation
6.1.4 Eaton Corporation
6.1.5 GE Healthcare
6.1.6 Merck KGaA
6.1.7 Sartorius AG
6.1.8 Porvair Filtration Group
6.1.9 Sterlitech Corporation
6.1.10 ThermoFisher Scientific Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.