Global Major Pharmaceutical Filtration Market Growth

PHARMACEUTICAL FILTRATION MARKET

Inkwood Research estimates that the global pharmaceutical filtration market is expected to register a CAGR of 8.48% in terms of revenue during the forecast years 2021-2028.
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Pharmaceutical filtration is a separation process where unwanted particles are removed. Filtration is one of the viral processes in the pharmaceutical industry. It is used in several manufacturing steps during the API (active pharmaceutical ingredient) process. Also, it has several applications such as cell separation, air purification, water purification, end product processing and raw material filtration.

The development of the biopharmaceutical industry is driving the growth of the market
There is an increasing use of biologics, as well as the marketing and manufacturing of biopharmaceuticals. The introduction of new biological products, proteins and vaccines requiring zero sterility and contamination risks requires the use of an advanced pharmaceutical filter. Additionally, R&D pipelines, drug sales and clinical trials are at all-time highs according to PharmeIntelligence report in 2020.
Over the past two years, the FDA has given the green light to 120 impressive new chemical or biological entities. Moreover, the United States is the world leader in biopharmaceutical R&D and accounts for a third of the world market. These increasing advancements are expected to propel the growth of the market.
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Nanofiltration is the fastest growing technique
Nanofiltration membranes involve a nominal pore size ranging from 0.1 nm to 0.001 μm, with a molecular threshold of 1000 to 100,000 daltons. The surface charge of nanofilters plays an important role in the transport mechanism and separation properties of the membrane. The nanofiltration system removes monovalent ions which vary between 50% and 90%, depending on the material and construction of the membrane. It further eliminates bacteria, cysts, humic matter and viruses. Additionally, it is used for heavy metal removal, water softening, decolorization, decontamination, pre-treatment for reverse osmosis, and nitrate removal. Nanofiltration techniques can completely remove a wide range of contaminants.

Asia-Pacific will see explosive growth by 2028
Growing investment in pharmaceutical and biopharmaceutical industry, high disposable incomes, dense population, etc., are some of the major growth drivers of the market. In countries like the Philippines, Malaysia, Singapore, etc., the growing awareness of health and wellness is resulting in increased demand for fortified and functional foods. Also, the geriatric population is increasing due to the reduced death rate and increased birth rate. The increasing reliance of the aging population on pharmaceuticals for their daily nutritional needs is one of the major factors driving the market growth.
Market competition is considered high. Moreover, pipeline products are steadily increasing among leading biopharmaceutical companies in several countries around the world. The expansion of healthcare facilities in populated countries intensifies the competitive rivalry every year. Some of the leading companies in the market are 3M Company, Thermo Fisher Scientific Inc, Siemens Healthineers, GE Healthcare, Merck & Co Inc, etc.

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