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Global Pharmaceutical Filtration Market Size to reach $29.7 billion by 2028


Global Pharmaceutical Filtration Market Size to reach $29.7 billion by 2027

The Global Pharmaceutical Filtration Market Size is projected to reach USD 29.7 billion by 2028 from USD 10.9 billion in 2022, at a CAGR of 17.0% during the forecast period.


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Pharmaceutical filtration is a separation method in which unwanted particles are removed from processed materials by passing them through a filtration membrane. This method of filtration helps in the separation of suspended particles from a solution or medium. It provides considerable and extensive sterile and nonsterile filtering of products in the pharmaceutical production sector. Filters are also used to remove pollutants such as particulate matter and bacteria from liquids, solids, air, and gases. Pharmaceutical filtration techniques are also commonly employed in a variety of applications, including final product processing, raw material filtration, water purification, air purification, and cell separation.

Global Pharmaceutical Filtration Market Size

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COVID-19, which was largely unknown before the outbreak in Wuhan, China, in December 2019, quickly escalated from a regional problem to a global pandemic. The COVID-19 pandemic has put a strain on healthcare systems all around the world. As of March 4, 2022, the World Health Organization (WHO) reported 440,807,756 confirmed cases of COVID-19 and 5,978,096 deaths. The Americas had the highest number of deaths, followed by Europe and Southeast Asia.


With the World Health Organization (WHO) calling the COVID-19 outbreak a pandemic, a number of prominent pharmaceutical and biopharmaceutical industries have ramped up R&D and production efforts to manufacture and distribute SARS-CoV-2 viral diagnostic kits, treatments, and vaccines. The social and economic burden of the pandemic has spurred governments around the world to increase funding for vaccine development and production, resulting in a rise in the use of pharmaceutical filtration products in COVID-19 research and vaccine production. Vaccines are developed and manufactured using a variety of filtration processes. The removal of suspended particles from a fluid medium during vaccine clarification is a crucial step that affects product recovery and downstream purification.


Advances in nanofiber technology to drive possibilities of Nanofiltration


Nanofiltration membranes are a relatively new technology that bridges the gap between reverse osmosis and ultrafiltration. One of the most essential properties of nanofiltration membranes is their capacity to allow monovalent ions like sodium chloride to pass through while rejecting divalent and multivalent ions like sodium sulfate. Because of its flexibility, nanofiltration can be used in a variety of specialty applications, including pharmaceutical and biotechnology, water and wastewater treatment, and food engineering. Nanofiltration membranes have been a popular separation method for separating, concentrating, and producing hormones and antibiotics. Nanofiltration can also be used to capture fibrinogen and other clotting components after blood serum and blood plasma have been separated in the blood plasma separation procedure.


Growing Adoption of Single-Use Technologies Drives Market Growth

Biopharmaceutical manufacture is heavily controlled, with strict hygienic and quality criteria for each stage of the process. As a result, producing biopharmaceuticals with traditional equipment is extremely difficult and expensive. Single-use technologies, often known as disposables, have revolutionized biopharmaceutical development and manufacturing. Biopharmaceutical companies have been progressively adopting single-use technologies (SUTs) in recent years to assure medicine pricing control in the face of economic downturns and tight regulatory frameworks. According to the data given by BioPlan Associates, in the Survey of Biopharmaceutical Manufacturing Capacity and Production, 2019. As per this survey, 85.6 percent of respondents utilized disposable filter cartridges, 79.3 percent used single-use depth filters, and 69.5 percent used single-use TFF devices for biopharmaceutical manufacture at any step of the process.


North America is the largest market for pharmaceuticals filtration due to the presence of key biopharmaceutical manufacturing industries, and the rising number of drug development projects in the region. In addition, the presence of well-established healthcare facilities, significant R&D spending, and the presence of a well-established intellectual property system for innovative biologics account for the largest market share in this region.

Global Pharmaceutical Filtration Market Size

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Asia-Pacific is the second-largest market for pharmaceutical filtration due to increased demand for pharmaceutical filtration products and increased investments in the pharmaceutical and biopharmaceutical industries. Furthermore, improvements in healthcare infrastructure, an increase in the prevalence of diseases like polio, malaria, and rabies, increased healthcare reforms, a growing R&D industry, and technical breakthroughs in the field of healthcare all contribute to market growth. Other factors such as leading manufacturers' increased focus on extending their geographic presence in rising Asia-Pacific countries to capture high growth potential in the market and Asia-large Pacific's population base are projected to boost the market's growth during the forecast period.


KEY INDUSTRY DEVELOPMENTS:


In August 2021, GE Healthcare announced cooperation with Amazon Web Services (AWS) to provide hospitals and healthcare providers with AI and cloud-based imaging solutions.


In December 2020, Parker Hannifin Corporation, a global pioneer in motion and control technology, finalized the acquisition of Exotic Metals Forming in Germany.


In February 2020, Parker Hannifin Corporation's Industrial Gas Filtration and Generation division, a leader in motion and control technology, announced the debut of Protura SB Nano Pleated Filters.


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https://extrapolate.com/Healthcare-Medical-Devices-Biotechnology/pharmaceutical-filtration/25637


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