NEW YORK, Oct. 19, 2016 /PRNewswire/ -- The global Sterile Filtration market is expected to reach USD 7.46 billion by 2020 from USD 4.00 billion in 2015, at a CAGR of 12.4% between 2015 and 2020. By product, the market includes membrane filters, cartridges & capsules, syringe filters, bottle-top vacuum filters, filter holders, filtration accessories. Based on application, the market is segmented into bioprocesses, fill-finish process, utilities filtration, pre-filtration, virus filtration. The bioprocesses segment will hold the largest share of the sterile filtration application market in 2015.
The geographic segments included in this report are North America, Europe, Asia, and Rest of the World (RoW). North America is expected to account for the largest share in the global the sterile filtration market in 2015. Asia is expected to register the fastest growth in the forecast period.
The growth of this market is mainly driven by the increase in R&D spending, growth in the biopharmaceutical industry, growing demand for biopharmaceutical molecules, rising incidence of diabetes & kidney failure, and increasing purity requirement of the end-users. In addition, increasing adoption of single-use devices & disposables is the latest trend observed in the sterile filtration market.
A combination of bottom-up and top-down approaches was used to calculate the market sizes and growth rates of the global sterile filtration market and its subsegments. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Primary interviews with key opinion leaders were also used to determine the percentage shares of each subsegment and the relative differences in growth rates. The report provides qualitative insights about growth rates, and market drivers for all subsegments. It maps market sizes and growth rates for each subsegment and identifies segments poised for rapid growth in each geographic segment. The report also includes company profiles of market leaders such as Merck & Co., Inc. (U.S.), General Electric Company (U.S.), Pall Corporation (U.S.), Parker Hannifin Corporation (U.S.), Sartorius Stedim Biotech Group (France), 3M (U.S.), Sigma Aldrich Corporation (U.S.), Porvair Filtration Group (U.K.), Starlabs Scientific (U.S.), and Sterlitech Corporation (U.S.).
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The report will enable both established firms and new entrants to gauge the pulse of the market and to help them make important strategic growth decisions.
The report provides insights on the following:
- Product Development/Innovation: Product portfolios of the top players in the sterile filtration market. Detailed insights on upcoming technologies, research and development activities, and new product launches in the insights on upcoming technologies market
- Competitive Assessment: In-depth assessment of market shares, strategies, geographic and business segments, and product portfolios of the leading players in the sterile filtration market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the market for various sterile filtration across geographies
- Market Diversification: Exhaustive information about new products, recent developments, and investments in the sterile filtration market
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