Global Sterile Filtration Market Report 2021: Market to Reach $7.3 Billion by 2026 - Increase in Vaccine Production Pushes Need for Sterile Filtration

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Nov 09, 2021, 05:45 ET

DUBLIN, Nov. 9, 2021 /PRNewswire/ -- The "Sterile Filtration - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Sterile Filtration Market to Reach $7.3 Billion by 2026

Amid the COVID-19 crisis, the global market for Sterile Filtration estimated at US$4.8 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2026, growing at a CAGR of 7.2% over the analysis period.

Cartridge Filters, one of the segments analyzed in the report, is projected to grow at a 6.9% CAGR to reach US$2.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Capsule Filters segment is readjusted to a revised 7.7% CAGR for the next 7-year period. This segment currently accounts for a 26.4% share of the global Sterile Filtration market.

Sterilization and filtration is gaining increasing importance across multiple industries owing to the burden of compliance. Hitherto the pharmaceutical/biological and food & beverage industries were the primary users of sterilization systems. Even within the food & beverage industry, the focus on sterilization and prevention of containment have become prime focus areas owing to a string of contamination issues across the world. In such a scenario, provision of contaminant-free food/beverages has emerged as a key trend. Hitherto, heat was the primary mode of sterilization.

However, many factors such as loss of product characteristics, and high costs of energy are driving food processors to migrate to sterile filtration. In addition, many products such as biopharmaceuticals are not suitable for heat sterilization, leading to increasing use of membrane filters. Even in the food & beverage industry, sterile filtration is gaining increasing acceptance owing to lower process time and costs.

The market is expected to benefit from increased production of biologics. In the pharmaceutical sector, the biotherapeutics is one of the most rapidly growing segments. Key factors driving the growth of biotherapeutics market include the capability to treat diseases that were earlier untreatable. In addition, biotherapeutics are known for its safety and efficiency. There are several other factors stimulating the biotherapeutics market growth.

For instance, technological developments in several associated fields is leading to the development of large collection of plausible drug targets and also considerable progress in the perception of diseases. Furthermore, the synthesis of human insulin and Monoclonal Antibodies (MABs) are also factors helping to propel the biotherapeutics market growth. The existing scenario in the field of biologics is set to drive growth of biotherapeutic medicines in the near term. The number of biotech patents applications continues to increase by around 25% annually.

The biological drugs industry is increasingly focusing on sterile filtration to achieve contaminant-free products. Drugs are highly heat sensitive and filtration plays a key role in ensuring the integrity of these drugs. In addition, there is an increasing focus on bioburden by both regulators and companies as contamination of drugs poses high risks for patients, including fatal risks.

From a manufacturer point of view, contamination also includes financial risk as closure of plants could lead to losses in billions of dollars. Moreover, the collateral damage to reputation could and remedial measures from regulators could also severely affect the companies. Even if a batch of drugs does not pass the quality parameters, the lost opportunity in terms of market and financial losses are very high. Sterile filtration therefore plays a significant role in the biopharmaceutical industry as an effective method for sterilizing products.

It can be technically very challenging to terminally sterilize biopharmaceutical products, making it vital to use sterilizing-grade filtration for such aseptic processing applications. Heat sterilization, or any other method requiring an input of energy into biotechnology drug products, can cause unwanted degradation to the product, which can only be prevented through the use of sterilized filtration.

Sterilizing membrane filtration as a method for physically removing microbes from heat-sensitive biopharmaceutical fluids has been practiced for several decades, and there is already a high level of expertise and experience in the industry. The process has been well understood and has proved itself to be reliable when validated properly.

Sterile filtration is also commonly required for reducing the levels of bioburden within process streams for avoiding the potential formation of a biofilm. Process validation of sterilizing-grade filters is an essential task for ensuring and verifying the filter`s performance within the fluid stream and process conditions.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Importance of Sterile Resources in Various Manufacturing Processes: A Primer
These are Times When Questions Abound & Answers Are Few
So How Fast Or Slow Are We Moving?
India's Second Wave Makes It Clear That Equity is Not a Part of Global Policy on Tackling COVID
Progress on Vaccinations, Why Should Businesses Care?
With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
A Retrospective Review of Year 2020 as the Worst Year in Humanity's History that Left the World in Shambles & Industries and Markets Upended
What is Sterile Filtration & Why Is it Important in Food & Pharma Industries?
Recent Market Activity
World Brands

2. FOCUS ON SELECT PLAYERS (Total 40 Featured)

3M Company
General Electric Company
Merck KgaA
MilliporeSigma
Pall Corporation
Parker Hannifin Corporation
Porvair Filtration Group Ltd.
Sartorius Stedim Biotech SA
Starlab Scientific Co., Ltd
Sterlitech Corporation

3. MARKET TRENDS & DRIVERS

Growing Biopharmaceuticals Industry Led by Rising R&D Investments Fuels Foundational Growth in the Market
Bioburden Control in a Booming Biopharmaceutical Industry Spells Opportunity for Sterile Filtration
Here's How Focus On Bioburden Control is Driving Demand for Sterile Filtration in the Biopharmaceutical Industry
Increase in Vaccine Production Pushes Up Need for Sterile Filtration
Sterile Filtration & Vaccines
Robust Demand for Processed Food to Benefit Demand Growth
Pandemic Spurs Demand for Packaged Food & Beverages
Why Filtration Is Essential in Food Processing & Production?
On Cards, Robust Growth Opportunities in the Alcohol Industry, Post Pandemic
Role of Sterile Filtration in Wine & Beer Production

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 40

For more information about this report visit https://www.researchandmarkets.com/r/6ybeiy

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SOURCE Research and Markets