DUBLIN--(BUSINESS WIRE)--The "Tangential Flow Filtration Market by Product (System, Membrane Filter), Material (PES, PVDF, PTFE), Technique (Ultrafiltration), Application (Final Product Processing, Raw Material Filtration), End User (Pharma, Biotech), Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global tangential flow filtration market is projected to reach USD 2.8 billion by 2027 from USD 1.5 billion in 2022, at a CAGR of 13.2% during the forecast period.
The rising advantages of tangential flow filtration over normal flow filtration include increasing adoption of single-use technologies, and growing R&D spending in pharma-biotech companies. On the contrary, the high capital investments for setting up new production facilities are expected to restrain the market growth.
In 2021 the single-use systems segment accounted for the largest share of the tangential flow market
The tangential flow filtration market is segmented into single-use systems, reusable systems, membrane filters, and filtration accessories on the basis of products. The single-use systems segment in 2021, dominated the market with the largest share and is anticipated to grow at the highest CAGR during the forecast period owing to the minimal chances of cross-contamination risks associated with these systems
The microfiltration techniques dominated the market the largest share of the technique segment in 2021
On the basis of technique, the tangential flow filtration market is segmented into microfiltration, ultrafiltration, nanofiltration, and other techniques. The microfiltration segment dominated the market with highest market share in 2021. Several advantages of microfiltration over other techniques, for instance, low operating pressure requirement, ease of usage coupled with reduced energy consumption, cost-effectiveness, elimination of energy-consuming phases such as evaporation along with the requirement of limited manual actions are some of the key factors increasing the market growth for the segment
The final product processing application accounted for the largest market share of this market in 2021
Based on application, the tangential flow filtration market is segmented into final product processing, raw material filtration, cell separation, water purification, and air purification. The final product processing segment is further divided into API filtration, protein purification, vaccine and antibody processing, formulation and filling solutions, and viral clearance. The raw material filtration segment is further divided into media & buffer filtration, prefiltration, and bioburden reduction. In 2021, the final product processing segment accounted for the largest share of the global tangential flow filtration market. The rapidly growing biopharmaceutical industry and increased generics and biologics production are the key growth drivers for this application segment.
Asia Pacific: The fastest-growing region in the tangential flow filtration market
The tangential flow filtration market is segmented into North America, Europe, Asia Pacific, Latin America (LATAM) and Middle East and Africa (MEA). The Asia Pacific market is expected to register the highest CAGR during the forecast period. ). The Asia Pacific market is expected to register the highest CAGR during the forecast period. Some of the major factors contributing to the growth of the Asia Pacific market are the growing prevalence of viral diseases, increasing R&D spending on biopharmaceutical projects, expansion of production of generics, and biotechnology industry growth in developing countries.
Market Dynamics
Drivers
- Growing Advantages of Tangential Flow Filtration Over Normal Flow Filtration
- Rising R&D Spending in Pharmaceutical & Biotechnology Industries
- Increasing Adoption of Single-Use Technologies
- Increased Adoption of Good Automated Manufacturing Practice (Gamp)
Restraints
- High Capital Investments for New Production Facilities to Limit the Entry of Small Players
Opportunities
- Emerging Economies Offer Lucrative Growth Opportunities
- Rising Therapeutic Applications of Recombinant Proteins
Challenges
- Increased Complexities Introduced by the Interaction of Charged Excipients and Proteins to Restrict the Market Growth
- Difficulty in the Survival of Small Players and New Entrants
Companies Mentioned
- Alfa Laval Corporate Ab
- Andritz
- Artesyn Biosolutions
- Bionet
- Biotree
- Cobetter Filtration Equipment Co. Ltd.
- Cole-Parmer Instrument Company, LLC
- Danaher Corporation
- Formulatrix
- Koch Separation Solutions
- Mantec Technical Ceramics Ltd.
- Meissner Filtration Products, Inc.
- Merk Kgaa
- Microfilt India Pvt. Ltd.
- Parker Hannifin Corporation
- Pendotech
- Repligen Corporation
- Sartorius Ag
- Smartflow Technologies, Inc.
- Solaris Biotechnology Srl (Acquired by Donaldson Company, Inc.)
- Spf Technologies, LLC
- Sterlitech Corporation
- Synder Filtration, Inc.
- Sysbiotech Gmbh
- Tami Industries
For more information about this report visit https://www.researchandmarkets.com/r/o7n03s
