23 Oct, 2017, 12:00 ET
DUBLIN, October 23, 2017 /PRNewswire/ --
The "Global Pharmaceutical Filtration Market 2017-2021" report has been added to Research and Markets' offering.
About Pharmaceutical Filtration
The global pharmaceutical filtration market to grow at a CAGR of 11.03% during the period 2017-2021.
Global Pharmaceutical Filtration Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is increased demand for monoclonal antibodies. A monoclonal antibody is a type of protein, which is developed in the pharmaceutical laboratory for binding to constituents in the body such as cancer cells. It binds to only one kind of constituent. At present, there are several kinds of monoclonal antibodies, which are used as healing agents for diseases such as diverse types of cancer. They are also used alone or in conjugation with radioactive substances, drugs, or toxins to kill the diseased cells.
One trend in the market is adoption of laboratory automation. Due to the reduction in lab fees, profitability on per test is decreasing, which makes it essential for the laboratories to focus on volume rather than value. There is also a heavy pressure on quality and error-free results. This compels the labs to lean toward more automated systems with effective workflow solutions. In the US, pharmaceutical laboratories are encouraged for automation due to the heavy influx research on drug discovery.
Further, the report states that one challenge in the market is intense competition between local and global vendors. The emergence of low-cost equipment vendors from APAC has seriously affected the growth of the global pharmaceutical filtration market. The operation models of these vendors try to improve their market presence globally by offering low-cost products, which adversely affect the growth and sales potential of global vendors. Hence, global vendors are forced to reduce the price of their products to remain competitive in the business environment.
Key Market Trends
- Adoption of laboratory automation
- Advances in nanofiber technology
- Rise in R&D investment
- Clean and safe research and manufacturing environment
- GE Healthcare
Other prominent vendors
- Amazon Filters
- Graver Technologies
- MEISSNER FILTRATION PRODUCTS
- Microclar Argentina
- Omicron Scientific
- Parker Hannifin
- Westbury Filtermation
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Technique
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/gqk4qs/global
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