June 30, 2022 04:58 ET | Source: Research and Markets Research and Markets
Dublin, June 30, 2022 (GLOBE NEWSWIRE) -- The "Sterile Filtration Market for Life Science" report has been added to ResearchAndMarkets.com's offering. The global sterile filtration market should reach $5.3 billion by 2027 from $3.0 billion in 2022 at a compound annual growth rate (CAGR) of 12.0% for the forecast period of 2022 to 2027.
The PES/PS material segment of the global sterile filtration market is expected to grow from $1.1 billion in 2022 to $1.9 billion in 2027 at a CAGR of 12.3% for the forecast period of 2022 to 2027. The PVDF material segment of the global sterile filtration market is expected to grow from $879 million in 2022 to $1.6 billion in 2027 at a CAGR of 12.5% for the forecast period of 2022 to 2027.
This report estimates the future market potential for sterile filtration for life science applications. It provides a detailed analysis of the competitive environment, regulatory scenario, drivers, restraints, opportunities, and trends in the market. The report also covers market projections Through 2027 and key market players.
This report discusses the global market for sterile filtration used in life science applications, including depth filters, microfiltration membranes and air filters. The report also analyzes various materials of filters being used n sterilization filtration.
In this report, the market is segmented by region into North America, Europe, Asia-Pacific, and the rest of the world (including Latin America, the Middle East and Africa). Countries analyzed include the U.S., Canada, Germany, the U.K., France, Spain, Italy, Japan, China and India). Estimated values are based on product manufacturers' total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.
The growth in the market is mainly attributed to the increasing use of sterilization-grade filters for contamination removal from biologics, biopharmaceuticals and pharmaceutical manufacturing processes. The industry is also roughly divided into two profit streams: industrial and biopharmaceutical. Biopharmaceutical filtration and labs are the most profitable area by price per volume and replacement. Purity level needs the increasing number of global users, and the constant need to change filters means that the same material will demand a higher price and be continuously reordered. Overall, the industry is material-specific. The sheer number of competitors shows the maturity of the two most widely used materials: polyvinylidene fluoride (PVDF) and polyether sulfone (PES). Improvement in the economics of membrane systems has contributed to their rising use in the pharmaceutical industry. For example, the drop in cost has made some companies rely specifically on high-revenue areas such as biopharmaceuticals, with other companies relying on large-volume projects to drive growth. Companies Mentioned
Key Topics Covered: Chapter 1 Introduction
Chapter 2 Market Summary Chapter 3 Market and Technology Background
Chapter 5 Impact of COVID-19 on the Market for Sterile Filtration
Chapter 6 Global Market for Sterile Filtration by Pore Size Chapter 7 Global Market for Sterile Filtration by Material
Chapter 8 Global Market for Sterile Filtration by Region
Chapter 9 Patent Review Chapter 10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/1l5ok1