Depth Filtration Market by Media Type (Diatomaceous Earth, Activated Carbon, Cellulose), Product (Filter Cartridge, Capsule Filter), Application (Final Product Processing (Small Molecules, Biologics), Cell clarification) - Global Forecast to 2022
The global depth filtration market is projected to reach USD 2.96 billion by 2022 from USD 1.70 billion in 2017, at a CAGR of 11.7% from 2017 to 2022. Increasing demand for biopharmaceuticals and increasing R&D expenditure in the biopharmaceutical industry are the major factors driving the growth of the global depth filtration market.
Developing markets in the Asia-Pacific region such as Japan, China, India, South Korea, Taiwan, Australia, and Singapore are lucrative markets for depth filtration, growing per capita income, increasing investments in the healthcare industry by key market players, and increasing outsourcing services by various pharmaceutical and biopharmaceutical companies from these countries are the major factors driving the growth of the depth filtration market in this region.
In this report, the depth filtration market is broadly segmented on the basis of media type, product, application, and region.
On the basis of product, the market is segmented into cartridge filters, capsule filters, filter modules, filter sheets, and other products (filter bags and filter papers). The cartridge filters segment is estimated to account for the largest share of the depth filtration market in 2017. Whereas, the capsule filters segment is estimated to grow at the highest CAGR during the forecast period. The large share of the cartridge filters segment can be attributed to their high dirt-holding capacity and long service life, which ultimately helps in the reduction of labor costs by decreasing filter change-out frequency.
Acquisitions was the dominant strategy adopted by key industry participants to increase their market share in the depth filtration market.
From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and subsegments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and challenges). The report also offers market sizes and data on the growth of various segments of the industry. It focuses on emerging and high-growth segments, and high-growth regions. The competitive landscape covers growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on key players in the depth filtration market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output to remain successful.
Reasons to buy this report:
From an insight perspective, this research report focuses on various levels of analysis—industry analysis (industry trends) and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the depth filtration market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on products offered by the top players in the depth filtration market
• Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the depth filtration market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for depth filtration products across various regions
• Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the depth filtration market
• Competitive Assessment: In-depth assessment of market ranking, strategies, products, and manufacturing capabilities of the leading players in the depth filtration market