DUBLIN--(BUSINESS WIRE)--The "Life Science Filtration Global Market - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The life science filtration global market is expected to grow at a double digit CAGR from 2021 to 2028 to reach $23,684.5 million by 2028.
The factors such as growing demand for biologics, increasing investment in research and development (R&D) and expansion of manufacturing facilities, demand for generic pharmaceuticals, rapid growth of medtech industry with increasing disease population, are driving the market, Whereas increasing utilization single use technologies and advancements in filtration technologies such as development of high capacity membrane filters, changes in pleated geometry, development of advanced pumps and ultrasonic sensor, advancement in membrane technologies and TFF process technologies are providing immense growth opportunities to the market. The high cost of filtration devices, complications associated with filtration and stringent regulations associated with pharma manufacturing and medical device industry are hindering the market growth.
The market for life science filtration is segmented based on products, application, end-user and geography. Based on the products, the market is segmented into filtration systems, consumables and accessories. Among products, filtration consumables segment accounted for the highest revenue in 2021 and is expected to grow at a double digit CAGR from 2021 to 2028. The consumables is further segmented based on filter type and based on filter usage. Based On filter type, the consumables market is segmented into and depth filters. Among the filter type, membrane filters segment accounted for the highest revenue in 2021 and is expected to grow at a double digit CAGR from 2021 to 2028.
The membrane filters is further segmented based on technology into microfiltration, ultrafiltration and others. Among these, ultrafiltration segment accounted for the highest revenue in 2021 and is expected to grow at a double digit CAGR from 2021 to 2028. Microfiltration is expected to grow at a low teen CAGR from 2021 to 2028. Based on Filter Usage, Consumables are further segmented into reusable filtration and single use filtration.
Among these, reusable filtration is accounted for the highest revenue in 2021 and is expected to grow at a high single digit CAGR from 2021 to 2028. Single-Use filtration is expected to grow at a low teen CAGR from 2021 to 2028. The filtration systems global market is further segmented into Direct Flow System (DFF), Tangential Flow System (TFF) and others. Among these, Direct Flow System (DFF) segment accounted for the highest revenue in 2021 and is expected to grow at a high single digit CAGR from 2021 to 2028. Tangential Flow System (TFF) is expected to grow at a double digit CAGR from 2021 to 2028.
Market Dynamics
Drivers and Opportunities
- Growing Demand for Biologics
- Increasing Investment in Research and Development (R&D) and Expansion of Manufacturing Facilities
- Demand for Generic Pharmaceuticals
- Growing Medtech Industry With Increasing Disease Population
- Increasing Use of Single-Use Technologies
- Advancements in Filtration Technologies
Restraints and Threats
- Lack of Skilled Personnel
- Contamination Related Issues and High Cost Associated With Filtration Device
- Compliance With Stringent Regulatory Guidelines
Major Companies
- 3M Company
- Asahi Kasei Corporation
- Baxter International Inc.
- Danaher Corporation
- Fresenius Se & Co. Kgaa
- Merck Kgaa
- Nipro Corporation
- Parker-Hannifin Corporation
- Repligen Corporation
- Sartorius
For more information about this report visit https://www.researchandmarkets.com/r/amflpg
