NEW YORK, May 22, 2017 /PRNewswire/ --
Highlights
- The global pharmaceutical filtration market is expected to
reach USD 37.3 billion by the year
2025 growing at a CAGR of 12.1%, according to a new report by Grand
View Research, Inc.
- The growing expansion of the biopharmaceutical industry have
resulted in enormous growth of the market with new and more
enhanced technologies being used to cater to the need of drug
manufacturers.
- Increasing demand for therapeutic biopharmaceuticals such as
antibodies,hormones, and vaccines is a major factor that drives
growth of the market during forecast period.
- Increasing investment in the R&D by pharmaceutical and
biotechnology companies is another major factor supporting the
growth of the sector.
- Technological advancements in filtration products is also
expected to propel their adoption in manufacturing and research of
biopharmaceuticals and other drugs.
- The technological advanced filters including membrane,
pre-filters & depth media, and cartridges & capsules
filters provide high reliability and efficiency during drug
manufacturing process.
The global pharmaceutical filtration market is expected to
reach USD 37.3 billion by the year
2025 growing at a CAGR of 12.1%, according to a new report by Grand
View Research, Inc.
The growing expansion of the biopharmaceutical industry have
resulted in enormous growth of the market with new and more
enhanced technologies being used to cater to the need of drug
manufacturers. Increasing demand for therapeutic biopharmaceuticals
such as antibodies,hormones, and vaccines is a major factor that
drives growth of the market during forecast period. Thus, many
pharmaceuticals and biotechnology companies have begun to focus on
the development of advanced biologics for the treatment of severe
chronic diseases including cancer, heart disease, and rheumatic
arthritis. Increasing investment in the R&D by pharmaceutical
and biotechnology companies is another major factor supporting the
growth of the sector. Technological advancements in filtration
products is also expected to propel their adoption in manufacturing
and research of biopharmaceuticals and other drugs. The
technological advanced filters including membrane, pre-filters
& depth media, and cartridges & capsules filters provide
high reliability and efficiency during drug manufacturing
process.
Further Key Findings From The Report Suggest:
Microfiltration is the fastest growing technique amongst others
owing to its large application in generic and biopharmaceutical
drug productions
Final product processing was the largest revenue-grossing as
well as fastest growing segment of the pharmaceutical filtration
market, due to increase in number of companies engaged in
pharmaceuticals and biologics production
Membrane filters held the largest revenue share in the overall
sector, which is attributed by its high usage in production,
research, environmental testing, and other applications in the
pharmaceutical industry
MCE membrane filters accounted for the largest share in the
membrane filters segment, due to its product advancement
The manufacturing scale dominated the market in terms of revenue
in 2016 owing to the increasing production of generic drugs and
biopharmaceutical products
North America is the leading
regional sector, which is accounted for the largest revenue share
of the overall market in 2016, because of the presence of large
number of pharmaceutical, biopharmaceutical, and biotechnology
companies in this region
The Asia Pacific region is
expected to grow at a highest CAGR during the forecast period due
to escalating presence of drug manufacturers in the developing
countries such as China and
India
Read the full report:
http://www.reportlinker.com/p04899234/Pharmaceutical-Filtration-Market-By-Product-Membrane-Filters-Pre-filters-Depth-Media-Cartridges-Capsules-By-Technique-Microfiltration-Ultrafiltration-By-Application-By-Scale-Of-Operation-And-Segment-Forecasts.html
About Reportlinker
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
http://www.reportlinker.com
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pharmaceutical-filtration-market-is-expected-to-reach-373-billion-usd-by-the-year-2025-300461834.html
SOURCE Reportlinker