Asia Pacific Pharmaceutical Filtration Market is expected to touch USD 4.67 billion by 2021

08/set/2017 10:23:46 MDFtends Contatta l'autore

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The Asia Pacific Pharmaceutical Filtration Market was worth USD2.74 billion in 2016 and estimated to be growing at a CAGR of 11.3%, to reach USD 4.67 billion by 2021. The market is expected to expand at a fast rate during the forecast period.  Filtration refers to the process of removal of suspendered particles from a medium by passing it through a membrane. It is a widely used physical technique for separation employed by various industries. It can be combined with other techniques like sieving. However it uses a multi layer lattice whereas sieving uses a single perforated layer.

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The pharmaceutical filtration market in Asia Pacific is projected to expand at a rapid pace, led by the rise in healthcare expenditure, increase in government initiatives and funding, high prevalence of diseases such as rabies, polio, and malaria in various countries in the region, and growth in investment by major market players in emerging economies. However, large capital requirement, and strict validation and qualification procedures in different countries are expected to hamper the market during the forecast period.

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The Asia-Pacific market for Pharmaceutical Filtration is segmented by product, technique, application and scale of operation. By product, it is further segmented into Membrane filters (MCE membrane filters, coated cellulose acetate membrane filters, nylon membrane filters, PTFE membrane filters, PVDF membrane filters and other membrane filters) , Prefilters and Depth media filters( Glass fibre filters, PTFE fibre filters) , Single use systems, Cartridge& Capsule filters, Filter holders, filtration accessories and other products. The membrane filters segment accounted for the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period. By technique it is further classified into Microfiltration, Ultra filtration, Nanofiltration and other techniques. The microfiltration segment dominates the market due to its various applications like removal of bacteria and removal of unwanted suspensions. By application, it is further classified into Final product processing (API Filtration, Sterile filtration, Protein purification, Vaccine and antibody processing, formulation and filling solution filtration and viral clearance), Raw material filtration (Media and buffer filtration, prefiltration and bio burden testing), Cell separation, Water purification and Air purification. The final product processing segment is expected to register the highest CAGR during the forecast period. By scale of operation it is segmented into Manufacturing scale, Pilot scale and R&D sector. The manufacturing scale segment is expected to register the highest growth during the forecast period. The high growth can be attributed to the growth in the biopharmaceutical industry.  The market is analysed under various regions namely- India, China, South Korea, Japan and Australia. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to escalating presence of drug manufacturers in the developing countries such as China and India.

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Some of the major companies dominating the market are Merck KGaA, Pall Corporation, GE Healthcare, 3M Company, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., Eaton Corporation PLC, Graver Technologies, LLC, Amazon Filters Ltd. and Meissner Filtration Products, Inc.

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