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European Pharmaceutical Filtration Market size is forecast to reach $6.31 billion by 2025, growing at a CAGR of 7.19% during the forecast period 2020-2025. Pharmaceutical Filtration is a process of removing unwanted particles from the processed components leading to a reduction in bacteria which helps in maintaining sterility. Rise in expenditure on the development by bio-pharmaceutical companies and technological advancements in filtration technique are the major factors driving the growth of the market. High demand for advanced therapeutic drugs and rise in manufacture of vaccines owing to incidence of various diseases and outbreaks of pandemics is set to further enhance the overall market demand of Pharmaceutical Filtration during the forecast period 2020-2025.
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Product- Segment Analysis
The membrane Filters dominated the market in the year 2019 and is estimated to grow at a CAGR OF 5.13%.The membrane filters are used in various routine applications, including cell separation, water purification,development and manufacturing process,sterile filtration and air purification. Membrane filters are widely used in analytical and research applications.Increasing incidence of viral and chronic diseases such as anthrax, measles, influenza and chickenpoxis increasing the growth of the European Pharmaceutical Filtration Market.Membrane filters is estimated to be the fastest growing segment and is set to register a highest CAGR during the forecast period 2020-2025.
Technique – Segment Analysis
Microfiltration technique was the highest revenue generating segment in the year 2019.One of the key driving factor of the Microfiltration technique was the product advancement. This technique is extensively used in the pharmaceutical filtration market by manufacturers for the separation of large particles including proteins and yeast from a liquid feed stream. In the upcoming years, Ultrafiltration segment is estimated to grow at lucrative growth owing to varied applications of this technique in protein purification, vaccines, and antibody processes. The manufacturers are highly focused on delivering the exact needs of filtration processes in the healthcare industry.
Application –Segment Analysis
Final product filtration dominated the application segment in European pharmaceutical Filtration market in 2019 as it includes vaccines processing and antibody processing.Increasing growth in the biopharmaceutical industry, increasing geriatric population with the advancement in technology as flow filtration, nanofiltration and ultrafiltration is boosting the growth of the European Pharmaceutical Filtration Market. Final product filtration is estimated to be the fastest growing segment and is set to register a highest CAGR during the forecast period 2020-2025.
Country – Segment Analysis
U.K. dominated the European Pharmaceutical Filtration Marketin 2019 with a share of more than 31.87%, followed by Germany owing to the growing biopharmaceutical industry.The increasing incidences of air borne diseases, rising expansion of generics production and increasing technological advancements is increasing the growth of the European Pharmaceutical Filtration Market.
However, Germany is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the advanced healthcare infrastructure and the availability of technologically advanced products.
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Drivers – European Pharmaceutical Filtration Market
Rise in development activities by the major key players to provide better filtration along with favourable government initiative to improve healthcare infrastructure has boosted the growth of European Pharmaceutical Filtration Market.It is also supported by the growing manufacturing of generic drugs with the expansion of Pharmaceutical Filtration market. Rapid adoption of innovative treatment therapies such as therapeutic proteins, monoclonal antibodies and vaccines have resulted in increased number of various biotechnology and biopharmaceutical companies that utilize filtration systems including membranes, cartridges, capsules, and other products.Thus, increasing the growth of the European Pharmaceutical Filtration Market.
The rapid expansion of generics production and advancements in nanofiber technologies is increasing the growth of the European Pharmaceutical Filtration Market.The rising adoption of biologics and other therapeutic proteins has led to high usage of protein purification processeswith the advancement in technology such as flow filtration, nanofiltration and ultrafiltration. Rising incidences of airborne diseases, increasing generic production and the growth of biopharmaceutical industry is boosting the growth of the European Pharmaceutical Filtration Market.
Challenges – European Pharmaceutical Filtration Market
European Pharmaceutical Filtration market face various challenges in obtaining approvals for new and innovative products.A new standard is introduced in Europe for specific air filters used in filtration applications which is likely to have performances issues related to time.The validation of filtration process ensures that the process can perform consistently without any failure.Stringent regulations affect the product manufacturing, which further limits the application of pharmaceutical filters in drug production.
European Pharmaceutical Filtration market-Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the European Pharmaceutical Filtration market. In 2019, European Pharmaceutical filtration market share is consolidated by the top ten players present in the market. European Pharmaceutical Filtration top 10 companies are-Merck KGaA , GEHealthcare , PallCorporation, ParkerHannifin Corporation , Sartorius Stedim Biotech S.A., 3M Company, Eaton Corporation Plc , Amazon Filters Ltd. , Graver Technologies, LLC , and Meissner Filtration Products, Inc. among others.
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