Pharmaceutical Filtration Market Size and Forecast Report 2023
According to the study, the global pharmaceutical filtration market is likely to grow significantly during the forecast period, due to increasing prevalence of chronic diseases, rising prevalence of cancer, increasing geriatric population and increasing production of biopharmaceuticals and generic drugs.
According to the study, the global pharmaceutical filtration market is likely to grow significantly during the forecast period, due to increasing prevalence of chronic diseases, rising prevalence of cancer, increasing geriatric population and increasing production of biopharmaceuticals and generic drugs.
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<strong>Pharmaceutical</strong> <strong>Filtration</strong><br />
<strong>Market</strong> to cross $27.7 Billion by<br />
<strong>2023</strong><br />
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<strong>Pharmaceutical</strong> <strong>Filtration</strong> <strong>Market</strong><br />
The pharmaceutical filtration market is expected to cross $27.7 billion by <strong>2023</strong>, growing at a<br />
CAGR of over 10.6% between 2017-<strong>2023</strong>. Increasing prevalence of chronic diseases, increasing<br />
geriatric population <strong>and</strong> surging healthcare expenditure leading to increased spending on R&D<br />
are some of the key drivers for the global market growth. In addition, growing cases of cancer<br />
<strong>and</strong> increasing production of biopharmaceuticals <strong>and</strong> generic drugs also support the market<br />
growth.<br />
Explore report at: https://www.psmarketresearch.com/market-analysis/pharmaceutical-filtrationmarket<br />
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<strong>Pharmaceutical</strong> <strong>Filtration</strong> <strong>Market</strong><br />
As per the findings of the research, the membrane filter is the largest product category in the<br />
global pharmaceutical filtration market. Membrane filter is the microporous film with specific pore<br />
size, used for retaining unwanted particles or microorganisms larger than their pore size.<br />
Microfiltration has been the largest contributor to the growth of the global market, in terms of<br />
revenue, among the various techniques for product filtration. Final product processing has been<br />
the largest application area for pharmaceutical filtration, followed by raw material filtration, cell<br />
separation, water purification <strong>and</strong> air purification. Manufacturing-scale of operation has been the<br />
largest segment of the global market, based on scale of operation.<br />
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<strong>Pharmaceutical</strong> <strong>Filtration</strong> <strong>Market</strong><br />
Geographically, North America has been the largest pharmaceutical filtration market in 2016, with<br />
the U.S. being the larger contributor to the regional market. Increasing prevalence of lifestyle<br />
associated <strong>and</strong> chronic diseases, rising geriatric population <strong>and</strong> increasing production of<br />
biopharmaceuticals are the factors that have been driving the growth of the North American<br />
market for pharmaceutical filtration. The U.K. has been the largest contributor to the European<br />
market for pharmaceutical filtration, followed by Germany <strong>and</strong> France. The market is expected to<br />
witness the fastest growth in Asia-Pacific during 2017 - <strong>2023</strong>, owing to increasing cases of chronic<br />
diseases, increasing healthcare expenditure leading to increasing research <strong>and</strong> development<br />
spending <strong>and</strong> increasing geriatric population.<br />
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<strong>Pharmaceutical</strong> <strong>Filtration</strong> <strong>Market</strong><br />
Some of the key players in the pharmaceutical filtration market include Merck KGaA, Pall Corporation, GE<br />
Healthcare, 3M Company, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., Eaton Corporation<br />
PLC, Graver Technologies, LLC, Amazon Filters Ltd. <strong>and</strong> Meissner <strong>Filtration</strong> Products, Inc.<br />
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