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Pharmaceutical Filters Market Opportunity Analysis, 2018-2026

Filtration is an important process in pharmaceutical, biotechnological, and bioscientific laboratories. Pharmaceutical filtration devices are widely used in drug manufacturing, research & development, and others. There are various types of filers available such as membrane filters, prefilters and depth media filters, and cartridge & capsule filters according to the requirement.

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Pharmaceutical filters are widely used in research and development of new drugs, thus increasing R&D activities is expected to increase demand for pharmaceutical filters. According to International Federation of Pharmaceutical Manufacturers & Associations, 2017, around 56 new medicines were launched in 2015, while over 7,000 compounds were at different stages of development, globally. The research-based pharmaceutical industry invested over US$ 149.8 billion on R&D per year, according to the same source. Growing generic and biologics manufacturing market is also expected to lead to high demand for pharmaceutical filters, as these are primarily used in drug manufacturing processes.

Asia Pacific is expected to be the second-largest market for pharmaceutical filters, owing to growing pharmaceuticals industry in the region and increasing export of pharmaceuticals by countries such as India and China. According to the report published by Department of Industrial Policy and Promotion and Department of Pharmaceuticals, in 2017, India was one of the largest producers of pharmaceutical products and a leading player in the global generics market, exporting nearly 50% of its production. These factors for expected to aid in growth of the market.

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Key Vendors:

Eaton Corporation Plc., GE Healthcare, Parker Hannifin Corporation, Merck KGaA, Danaher Corporation, 3M, Amazon Filters Ltd, Sartorius Stedim Biotech S.A., Graver Technologies, LLC, and Meissner Filtration Products, Inc.
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