August 16, 2023 10:30 ET | Source: MarketsandMarkets Research Pvt. Ltd. MarketsandMarkets Research Pvt. Ltd.
Chicago, Aug. 16, 2023 (GLOBE NEWSWIRE) -- In the near future, the sterile filtration industry is poised to undergo transformative advancements driven by cutting-edge technologies and evolving regulatory standards. Innovations in filter materials, design, and manufacturing processes will enhance filtration efficiency, durability, and scalability, catering to diverse applications across pharmaceuticals, biotechnology, food and beverage, and healthcare sectors. With a growing emphasis on maintaining product integrity and ensuring patient safety, the industry will see the integration of real-time monitoring and data analytics into filtration systems, enabling proactive maintenance and quality control. Moreover, sustainable practices will gain prominence, leading to the development of eco-friendly filter materials and energy-efficient filtration processes, aligning the industry with global environmental goals. As a result, the sterile filtration industry is on track to revolutionize contamination control and product quality, fostering a new era of safer and more efficient manufacturing processes across various sectors. Gas Turbine Filter Media
Sterile Filtration market in terms of revenue was estimated to be worth $8.9 Billion in 2023 and is poised to reach $15.3 Billion by 2028, growing at a CAGR of 11.4% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The growth of this market is majorly driven by the adoption of sterile filters in pharmaceutical and biotechnology companies. In addition the adoption of single-use devices and disposals to prevent cross-contamination is also fuelling the market growth.
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Sterile Filtration market major players covered in the report, such as:
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This report categorizes the sterile filtration market into the following segments and subsegments:
Sterile Filtration Market, by Product
Sterile Filtration Market, by Membrane Type
Sterile Filtration Market, by Pore Size
Sterile Filtration Market, by Application
Sterile Filtration Market, by End user
Sterile Filtration Market, by region
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The key stakeholders in the Sterile Filtration market include:
Frequently Asked Questions (FAQs) of Sterile Filtration Market:
Question 1. Who are the key players in the sterile filtration market? Answer: Key players in the sterile filtration market are Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), Thermo Fisher Scientific Inc. (US), 3M (US), Parker Hannifin Crop. (US), Porvair PLC (UK), Alfa Laval (Sweden), Donaldson Company, Inc. (US), Corning Incorporated (US), Eaton (US), GVS S.p.A (Italy), Sterlitech Corporation (US), Meissner Filtration Products, Inc. (US), Cole-Parmer Instrument, LLC. (US), Nupore Filtration Systems Pvt. Ltd. (India), STARLAB International GmbH (Germany), Amazon Filters Ltd. (UK), AMD Manufacturing Inc. (Canada), Hangzhou Cobetter Filtration Equipment Co., Ltd. (China), Simsii, Inc. (US), CELLTREAT Scientific Products (US), Wyvern Scientific Inc. (Canada), Trinity Filtration Technologies Pvt. Ltd. (India), Filtrox AG (Switzerland).
Question 2: Which product segment dominates the sterile filtration market? Answer: The cartridge filters segment dominated the product segment of the sterile filtration market in 2022. Cartridge filters are intended for large-volume sterile filtration applications in the pharma, biopharma, and food & beverage industries. Cartridge filters are quality filters that are well-packaged and cost-efficient. Such factors are driving the segment growth.
Question 3: Which application segment of the sterile filtration market is expected to witness the highest growth? Answer: The raw material filtration segment is expected to grow the most. This segment's rapid growth can be attributed to the growing need for sterile filtration of raw materials. These materials used in the pharmaceutical and food & beverage industries may contain bacteria, viruses, fungi, or other microorganisms that can cause product contamination, leading to product quality issues and safety concerns. Sterile filtration is an effective method to remove these microorganisms and ensure the safety and quality of the final product.
Question 3: Which enduser segment of the sterile filtration market is expected to dominate the market? Answer: In 2022, the pharmaceutical & biotechnology companies segment accounted for the largest share of the sterile filtration market. The large share of this segment can be attributed to the higher adoption of sterile filters by pharmaceutical companies due to the stringent regulatory scenario as compared to other end users and the increasing manufacturing of generics in developed countries
Question 4: What is the market size for the sterile filtration market? Answer: The global sterile filtration market is projected to reach USD 15.3 billion by 2028 from USD 8.9 billion in 2023, at a CAGR of 11.4% during the forecast period of 2023 to 2028.
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