Sterile Filtration Market To Hit USD 15 Billion By 2032, Says Global Market Insights Inc.
Sterile Filtration Market To Hit USD 15 Billion By 2032, Says Global Market Insights Inc. . (MENAFN - GlobeNewsWire - Nasdaq) Sterile filtration industry is projected to witness a CAGR of 9% during the period 2024-2032. This growth can be attributed to increasing concern for infection ...
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(MENAFN- GlobeNewsWire - Nasdaq) Sterile filtration is projected to witness a CAGR of 9% during the period 2024-2032. This growth can be attributed to increasing concern for infection prevention and control measures.

Selbyville, Delaware, Nov. 06, 2024 (GLOBE NEWSWIRE) --



Sterile Filtration size will reach USD 15 billion by 2032. The growing emphasis on innovation and technological advancements in filtration solutions, enabling industries to meet the evolving safety and efficiency requirements, will favor market growth through 2024-2032.

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The adoption of sterile filtration technologies is particularly crucial in sectors that require stringent contamination control, making it a vital component in ensuring product quality and safety. As the need for contamination-free products increases, companies are investing in advanced filtration technologies to ensure product safety and integrity.

For instance, in July 2024, Parker Bioscience Filtration, a division of Parker Hannifin, launched a new range of sterilizing-grade gas filters aimed at enhancing microbial security while lowering operational costs in the food and beverage industry. The newly introduced ASEPT-X2 filters feature a unique hydrophobic and hydrophilic design, engineered to endure high temperatures without requiring condensate management.

Membrane filters to take the lead

The sterile filtration market from membrane filters segment is expected to register substantial growth from 2024 to 2032. These filters are extensively used in sterile filtration due to their superior performance in removing contaminants and ensuring product purity. The increasing demand for membrane filters in biopharmaceutical manufacturing, particularly in the production of vaccines, monoclonal antibodies, and other biologics, is driving the segment's growth. Moreover, advancements in membrane technology, such as enhanced durability and higher filtration efficiency, are further propelling the adoption of these filters across various applications.

Raw material filtration to gain substantial traction

The sterile filtration market from raw material filtration segment is poised for significant growth through 2032, driven by the increasing need for sterile filtration in the initial stages of manufacturing processes. In industries such as pharmaceuticals, food & beverages, and biotechnology, raw material filtration is essential to remove impurities and contaminants before further processing. The rising demand for high-purity raw materials, particularly in the production of life-saving drugs and medical devices, is fueling the adoption of sterile filtration technologies in this segment.

Europe to establish a strong market presence

Europe is set to register a notable sterile filtration market CAGR from 2024 to 2032, driven by the region's robust pharmaceutical and biotechnology sectors. Countries such as Germany, the UK, and France are leading the demand for sterile filtration solutions due to their strong focus on research and development, stringent regulatory standards, and the presence of key industry players. Additionally, the region's growing emphasis on healthcare infrastructure development and the increasing adoption of advanced filtration technologies further contribute to market growth.

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Key Sterile Filtration Market Players

Companies such as Merck KGaA, Sartorius AG, Danaher Corporation, 3M Company, GE Healthcare, Alfa Laval, Cobetter Filtration Equipment Co. Ltd., Corning Incorporated, Parker Hannifin Corporation, Porvair Filtration Corp, Sterlitech Corporation are actively operating in the market.

These key players are expanding their market share through continuous innovation, strategic collaborations, and superior customer service. They are investing heavily in research and development to introduce advanced filtration technologies that cater to the evolving needs of the biopharmaceutical and food & beverage industries. Collaborations with research institutions and pharmaceutical companies are enabling market penetration and access to new opportunities.

In June 2024, the life science group Sartorius introduced the Arium® Mini Extend, the latest addition to the Arium® Mini series. This compact ultrapure laboratory water purification system is designed to meet the Type 1 water requirements of laboratories across general, life-science, and analytical applications, offering exceptional flexibility and convenience.

Partial Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Market scope & definition

1.2 Base estimates & calculations

1.3 Data collection

1.4 Forecast parameters

1.5 Data validation

1.6 Data sources

1.6.1 Primary

1.6.2 Secondary

1.6.2.1 Paid sources

1.6.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 3600 synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis

3.2 Industry impact forces

3.2.1 Growth drivers

3.2.1.1 Growing demand for sterile filtration in drug development

3.2.1.2 Technological advancements

3.2.1.3 Increasing concern for infection prevention and control measures

3.2.1.4 Rising private and public investment in research and development

3.2.2 Industry pitfalls & challenges

3.2.2.1 Stringent regulatory guidelines

3.2.2.2 High cost of sterile filters

3.3 Growth potential analysis

3.4 Porter's analysis

3.4.1 Supplier power

3.4.2 Buyer power

3.4.3 Threat of new entrants

3.4.4 Threat of substitutes

3.4.5 Industry rivalry

3.5 PESTEL analysis

3.6 Pricing analysis, 2023

3.7 Regulatory landscape

3.8 Technological landscape

3.9 Future market trends

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

CONTACT: Contact Us: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: ... Read More News @
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2024-11-06
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(MENAFN - GlobeNewsWire - Nasdaq) Sterile filtration industry is projected to witness a CAGR of 9% during the period 2024-2032. This growth can be attributed to increasing concern for infection ...
Sterile Filtration Market To Hit USD 15 Billion By 2032, Says Global Market Insights Inc.