In a recent published report, Kenneth Research has updated the market report for Pharmaceutical Filtration Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Pharmaceutical Filtration Market products.
The global Pharmaceutical FiltrationMarketwas valued at USD 13.65 billion in 2016 and is projected to reach USD 33.64billion by 2025, growing at a CAGR of 10.45% from 2017 to 2025. Filtration and purification needs in the Pharmaceutical Manufacturing Industry are extensive and significant. The manufacturing of drugs and pharmaceutical products has increased with current healthcare scenario all over the globe. The market is thus expected to grow In coming years.
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1. Market Drivers
1.1 Technological Advancements in Biologics and Large Molecules
1.2 Increasing Advancements in the Nanofiber Technology
1.3 Growing Generic Drug Production
1.4 Increasing Need for Clean and Safe Research and Manufacturing Environment
2. Market Restraints
2.1 Stringent Government Regulations
1. Global Pharmaceutical FiltrationMarket, by Scale of Operation:
1.1 Manufacturing-Scale Operations
1.2 Pilot-Scale Operations
1.3 R&D-Scale Operations
2. Global Pharmaceutical FiltrationMarket, by Application:
2.1 Cell Separation
2.2 Water Purification
2.3 Air Purification
2.4 Raw Material filtration
2.4.1 Media and Buffer Filtration
2.4.3 Bioburden Testing
2.5 Final product processing
2.5.1 Active Pharmaceutical Ingredient Filtration
2.5.2 Sterile Filtration
2.5.3 Protein Purification
2.5.4 Vaccine and Antibody Processing
2.5.5 Formulation and Filling Solution Filtration
2.5.6 Viral Clearance
3. Global Pharmaceutical FiltrationMarket, by Technique:
3.4 Other Techniques
4. Global Pharmaceutical Filtration Market, by Product:
4.1 Membrane Filters
4.2 Single-Use Systems
4.3 Cartridge & Capsule Filters
4.4 Filter Holders
4.5 Filtration Accessories
4.6 Prefilters& Depth Media Filters
4.7 Other Products
5. Global Pharmaceutical Filtration Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Merck KGaA
2. GE Healthcare
3. Pall Corporation
4. Parker Hannifin Corporation
5. Sartorius Stedim Biotech S.A.
6. 3M Company
7. Eaton Corporation PLC
8. Amazon Filters Ltd.
9. Graver Technologies, LLC
10. Meissner Filtration Products, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Pharmaceutical FiltrationMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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