Overview:
The study involved four major activities in estimating the current size of the sterile filtration market. Exhaustive secondary research was done to collect information on the market and its different subsegments.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
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Expected Revenue Surge:
The global sterile filtration market size is projected to reach USD 7.6 billion by 2025 from USD 5.1 billion in 2020, at a CAGR of 8.2%.
Major Growth Influencing Factors:
The major factors driving the growth of this market include the advantages of sterile filters over non-sterile filters, the growing demand for pure water in the end-user market, increasing adoption of single-use technologies, and rising focus on the development of large biopharmaceutical drugs. The manufacturing and use of advanced filters for sterile filtration and the untapped potential in emerging countries offer a significant scope of growth in the sterile filtration market.
The cartridge filters segment accounted for the largest share of the global sterile filtration market in 2019.
Based on product, the sterile filtration market is segmented into cartridge filters, capsule filters, membranes, syringe filters, bottle-top & table-top filtration systems, and accessories. In 2019, the cartridge filters segment accounted for the largest share of the sterile filtration market. The large share of this segment can primarily be attributed to the increasing use of different types of cartridge filters for larger processes requiring more filtration area and/or lower unit operating costs.
The polyethersulfone (PES) segment accounted for the largest share of the global sterile filtration market in 2019.
Based on membrane type, the sterile filtration market is segmented into polyethersulfone (PES), polyvinylidene difluoride (PVDF), nylon, polytetrafluoroethylene (PTFE), mixed cellulose ester & cellulose acetate (MCE & CA), and other materials. In 2019, the polyethersulfone (PES), segment accounted for the largest share of the plaque modification devices market, mainly due to the increasing incidence of atherosclerosis as a result of the rising global prevalence of obesity.
Geographical Growth Scenario:
North America accounted for the largest share of the sterile filtration market in 2019.
North America accounted for the largest share of the sterile filtration market in 2019. The large share of the North American region can be attributed to a large number of pharmaceutical and biotechnology and food & beverage companies in the region, the presence of a well-established healthcare market, and stringent regulations for the pharmaceutical industry.
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Key Players:
Some of the major players in the sterile filtration market include Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), 3M (US), Parker Hannifin Corporation (US), Sterlitech Corporation (US), Alfa Laval AB (Sweden), and Thermo Fisher Scientific (US).
