Global Pharmaceutical Filtration Market 2017-2021
About Pharmaceutical Filtration
Filtration is a method used to separate or collect a desired solid from a solution or to remove solid impurities from a liquid. Pharmaceutical filtration refers to the process of eliminating unwanted particles such as undissolved powders and solid impurities from the processed components, raw material, air, and water leading to a reduction in bacteria. The filters prevent the processed solution from contamination and help to maintain sterility.
Technavio’s analysts forecast the global pharmaceutical filtration market to grow at a CAGR of 11.03% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pharmaceutical filtration market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pharmaceutical Filtration Market 2017-2021
Technavio recognizes the following companies as the key players in the global pharmaceutical filtration market: Danaher, GE Healthcare, Merck, and Sartorius.
Other Prominent Vendors in the market are: 3M, Amazon Filters, Cole-Parmer, Eaton, Graver Technologies, Hahnemühle, Infolabel, MAVAG, MEISSNER FILTRATION PRODUCTS, Microclar Argentina, Omicron Scientific, Parker Hannifin, Qorpak, Sefar, SiliCycle, and Westbury Filtermation.
Commenting on the report, an analyst from Technavio’s team said: “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.”
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.
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.
Danaher, GE Healthcare, Merck, Sartorius, 3M, Amazon Filters, Cole-Parmer, Eaton, Graver Technologies, Hahnemühle, Infolabel, MAVAG, MEISSNER FILTRATION PRODUCTS, Microclar Argentina, Omicron Scientific, Parker Hannifin, Qorpak, Sefar, SiliCycle, Westbury Filtermation
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