The market crossed US$ 7.5 billion mark in 2022 and is expected to hit US$ 15 billion by 2030, recording a CAGR of 9% during the forecast period.
Extensive membrane filtration usage in medical treatments to drive market growth
Increasing unifiltration and microfiltration membranes usage in faeces and urine treatments is expected to drive market growth. In addition, technological advancements in the development of membrane filtration technologies are likely to favor the future development of the pharmaceutical membrane filtration market. Furthermore, increasing membrane filtration usage in preparing pharmaceutical solutions is further accelerating the global demand for membrane filtration solutions.
Within the report, the global pharmaceutical membrane filtration market is segmented into product, technique, application, and geography. The global market is further segmented by product into filters, systems, and accessories. By technique, the market is segregated into microfiltration and nanofiltration. The global pharmaceutical membrane filtration market is segregated based on the application into final product, raw material, and others. Geographically, the global market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Significant membrane filtration usage in drug manufacturing to augment the market growth
Membrane filter solutions are increasingly used to filter large-volume injectable solutions, thereby preventing the passage of air particles and microorganisms into the patient. In addition, these solutions are used in filtering lipid emulsions and low-dose and low-volume drug emulsions. The final product segment holds a major market share due to the significant API Filtration necessities in manufacturing small molecules for drug production.
Advancement in membrane filtration techniques in the pharmaceutical industry offers futuristic market growth opportunities
Techniques used in pharmaceutical membrane filtration are microfiltration and nanofiltration. The nanofiltration segment holds a significant market share due to the extensive ultrafiltration and nanofiltration membrane usage in controlling the pH and temperature of pharmaceutical solutions. In addition, advancements in nanofiltration membrane filtration techniques and increasing usage of smaller pore sized membrane filtration in the pharmaceutical industry further accelerate segmental growth.
Recent strategic developments in the pharmaceutical membrane filtration market
The pharmaceutical membrane filtration market has undergone several significant developments, and a few of these have been mentioned below:
The pharmaceutical membrane filtration market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Merck KGaA, Danaher, Sartorius AG, 3M, and Thermo Fisher Scientific are the prominent players operating in the market.
The target audience for the report:
Scope of the report:
In this report, the global market has been segmented based on:
The List of Companies
- Merck & Co., Inc.
- Danaher Corporation
- Sartorius AG
- 3M
- Thermo Fisher Scientific