Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12 Billion | USD 24 Billion | 8% | 2023 |
The global pharmaceutical membrane filtration market size was evaluated at $12 billion in 2023 and is slated to hit $24 billion by the end of 2032 with a CAGR of nearly 8% between 2024 and 2032.
Membrane filtration is a critical procedure in the pharmaceutical sector that is utilized in purifying and sterilizing various products & solutions. It involves the passing of liquid or gas through a semi-permeable membrane having particular pore sizes. Reportedly, the process separates particles depending on their size, thereby allowing smaller molecules to pass through the membrane while retaining larger particles.
Thriving biopharmaceuticals sector to propel the global market expansion over 2024-2032
Escalating pharmaceutical production and technological breakthroughs are expected to prop up the expansion of the global pharmaceutical membrane filtration market. Furthermore, the flourishing biopharmaceuticals sector and focus on quality control are anticipated to proliferate the expansion of the market globally.
Additionally, the acceptance of single-use systems in the manufacture of medicines to reduce contamination risks is projected to scale up the growth of the global market. Apart from this, a high focus on improving product quality and safety is anticipated to boost the market space globally. Breakthroughs in membrane technology & preference for precision medicine are expected to spur the market surge across the globe. The global market is likely to gain traction in the years ahead owing to a rise in membrane filtration for purifying cell & gene therapies, producing mRNA treatments, and developing consistent production processes.
Need for huge preliminary investments is likely to create obstacles in the growth path of the global industry
Rising initial investment costs and membrane fouling are projected to halt the expansion of the global pharmaceutical membrane filtration industry. Tough competition between key players is likely to inhibit the expansion of the industry globally.
Need for improving process efficiency to create new facets of global market progress in the coming eight years
Integration of process analytical tools with membrane filtration systems to enhance real-time monitoring and regulate filtration processes is likely to open new avenues of growth for the global pharmaceutical membrane filtration market. Necessity of enhancing process efficacy and minimizing downtime is expected to boost the global market expansion.
Stringent legislation regulating membrane filtration application in pharmaceuticals can challenge the global industry expansion by 2032
Need for cleaning & maintaining membrane filtration systems, which are critical for performance improvement and preventing microbe contamination, is likely to challenge the expansion of the global pharmaceutical membrane filtration industry. Strict laws governing the use of membrane filtration in pharmaceuticals is projected to impede the global industry expansion.
Report Attributes | Report Details |
---|---|
Report Name | Pharmaceutical Membrane Filtration Market |
Market Size in 2023 | USD 12 Billion |
Market Forecast in 2032 | USD 24 Billion |
Growth Rate | CAGR of 8% |
Number of Pages | 222 |
Key Companies Covered | Repligen Corporation, Merck KGaA, Sartorius AG, MANN+HUMMEL International GmbH & Co. KG, Corning Incorporated, The 3M Company, Eaton Corporation plc, Danaher Corporation, Thermo Fisher Scientific Inc., Parker Hannifin Corporation, Asahi Kasei Corporation, GEA Group, Alfa Laval Corporate AB, Saint-Gobain, Donaldson Company Inc., and others. |
Segments Covered | By Membrane Type, By Product Type, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global pharmaceutical membrane filtration market is divided into membrane type, product type, application, end-user, and region.
In terms of membrane type, the pharmaceutical membrane filtration market across the globe is segmented into microfiltration, reverse osmosis, ultrafiltration, and nanofiltration segments. The microfiltration segment is likely to be the leading segment among during the forecast timespan. The rapid growth of this segment can be owing to a rise in the use of microfiltration in sterile filtration leading to its high demand & versatility.
On the basis of product type, the global pharmaceutical membrane filtration industry is bifurcated into disposable membranes, flat sheet membranes, and cartridge filters segments.
Furthermore, the disposable membranes segment is likely to dominate the growth of the global industry in the coming eight years. The key factors driving the segmental elevation can be attributed to an increase in the use of single-use systems along with the need to reduce the risk of cross-contamination between product batches.
However, disposable membranes annihilate the requirement for massive cleaning & sterilization of equipment, thereby reducing the necessity of resource allocation and time consumption. All these aforementioned aspects will steer the industry expansion globally.
Based on the application, the global pharmaceutical membrane filtration market is sectored into sterile filtration, water purification, clarification, virus removal, and concentration segments. The sterile filtration segment is likely to lead the application space over the analysis timeframe owing to surging use of parenteral drugs, strict regulations, and flourishing biologics sector.
On the basis of end-user, the global pharmaceutical membrane filtration industry is bifurcated into pharmaceutical firms, contract manufacturing organizations, biotechnology firms, and research & development labs segments.
Moreover, the pharmaceutical firms segment is likely to record the fastest growth rate over 2024-2032 owing to huge fund allocation in research activities of pharmaceutical firms requiring new filtration tools. Demand for high-performing filtration tools for ensuring product safety will increase penetration of pharmaceutical membrane filtration in the pharmaceutical sector.
North America is projected to maintain a leading position in the global market over the expected timeline
North America, which contributed approximately 57% of the global pharmaceutical membrane filtration market earnings in 2023, is anticipated to maintain a dominant position in the next few years.
Apparently, the exponential progress of the market in North America over the forecast timeline can be due to the large-scale presence of pharmaceutical firms in countries such as Canada and the U.S. Additionally, swift acceptance of new technologies and the presence of strong healthcare infrastructure facilities in the region will embellish the growth path of the market in North America.
The Asia-Pacific pharmaceutical membrane filtration industry is set to record the highest CAGR in the forecast period. The industry expansion in APAC can be credited to supportive government projects along with the rise in chronic ailments requiring the use of drugs for curing. Moreover, a steadfast increase in the middle-income group population has propelled the demand for pharmaceuticals.
The global pharmaceutical membrane filtration market profiles key players such as:
The global pharmaceutical membrane filtration market is segmented as follows:
By Membrane Type
By Product Type
By Application
By End-User
By Region
FrequentlyAsked Questions
Membrane filtration is a critical procedure in the pharmaceutical sector. It is used to purify and sterilize various products and solutions.
The global pharmaceutical membrane filtration market's growth over the forecast period can be attributed to the acceptance of single-use systems in the manufacture of medicines to reduce contamination risks.
According to a study, the global pharmaceutical membrane filtration industry size was $12 billion in 2023 and is projected to reach $24 billion by the end of 2032.
The global pharmaceutical membrane filtration market is anticipated to record a CAGR of nearly 8% from 2024 to 2032.
The Asia-Pacific pharmaceutical membrane filtration industry is set to register the fastest CAGR over the forecasting timeframe owing to supportive government projects and a rise in chronic ailments requiring drug treatment. Moreover, a steadfast increase in the middle-income group population has propelled the demand for pharmaceuticals.
The global pharmaceutical membrane filtration market is led by players such as Repligen Corporation, Merck KGaA, Sartorius AG, MANN+HUMMEL International GmbH & Co. KG, Corning Incorporated, The 3M Company, Eaton Corporation plc, Danaher Corporation, Thermo Fisher Scientific, Inc., Parker Hannifin Corporation, Asahi Kasei Corporation, GEA Group, Alfa Laval Corporate AB, Saint-Gobain, and Donaldson Company, Inc.
The global pharmaceutical membrane filtration market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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