In a recently published report, Global Pharmaceutical Membrane Filtration Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Pharmaceutical Membrane Filtration Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Pharmaceutical Membrane Filtration Market is valued approximately at USD 5.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.0% over the forecast period 2020-2027. Membrane filtration is an extensively used separation technique in biotechnology and pharmaceutical industries. It finds vast application in the biopharmaceutical end industry as products are vulnerable to deprivation due to chemical and heat treatment. Membrane filtration Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis, and Ion Exchange are the technologies used for membrane filtration. Due to its benefits Membrane filtration finds its application in a variety of processes which contains raw material filtration, final product processing, cell separation, air purification, and water purification. The market is driven by an increase in the implementation of single-use technologies.
Moreover, innovations in nanofiltration technologies, has boosted its application in pharmaceutical filtration. The quick adoption of advanced treatment therapies such as monoclonal antibodies, therapeutic proteins, and vaccines has caused in an augmented number of different biopharmaceutical and biotechnology companies that use filtration systems with membranes, capsules, cartridges, and more. Additionally, a significant number of companies are financing heavily in production facilities worldwide. In 2020, Merck has invested USD 280.3 million in Corsier-sur-Vevey, Switzerland for a new facility in the Merck Biotech Development Center.
Thus, the development of the biopharmaceutical companies is expected to boost the demand for advanced products. Also, in 2018, Pall Corporation has collaborated with BioSciences Corp to deliver drug manufacturers along with direct access to Pall Biotech’s downstream technologies, with pharmaceutical membrane filtration. This, in turn, is likely to strengthen the demand for membrane filtration techniques, thereby contributing to the market growth around the world. However, the operational cost of these membranes is very high and requires regular maintenance which is restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Pharmaceutical Membrane Filtration Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence large dominant biopharmaceutical and pharmaceutical companies in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing to the increase of biopharmaceutical and pharmaceutical companies in this region.
Major market player included in this report are:
Merck Millipore
Danaher Corporation
3M Company
Thermo Fisher Scientific
GEA Group
Parker Hannifin
Koch Membrane Systems
Graver Technologies
Synder Corporation
Amazon Filters Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Filters
Systems
Accessories
By Technique:
Microfiltration
Ultrafiltration
Nanofiltration
Others
By Material:
PES
PVDF
Nylon
Others
By Application:
Final Product Processing
Raw Material Filtration
Cell Separation
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Pharmaceutical Membrane Filtration Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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