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Sterile Filtration Market Size

Report ID: GMI8349
Published Date: Feb 2024
Report Format: PDF

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Sterile Filtration Market Size

Sterile Filtration Market was valued at around USD 7 billion in 2023 and is estimated to register a CAGR of over 9% from 2024 to 2032. This robust market growth can be attributed to factors such as the growing demand for sterile filtration in drug development, increasing concern for infection prevention and control measures, and rising private and public investment in research and development.

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The continuous expansion of research and development activities in the pharmaceutical industry contributes to the demand for sterile filtration. As new drugs and therapies are developed, the necessity to maintain sterile conditions becomes integral to the success of these innovations. Sterile filtration supports the evolving landscape of drug development by providing reliable contamination control.

Sterile Filtration Market Report Attributes
Report Attribute	Details
Base Year:	2023
Sterile Filtration Market Size in 2023:	USD 7 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	9%
2024 – 2032 Value Projection:	USD 15 Billion
Historical Data for:	2018 – 2023
No. of Pages:	220
Tables, Charts & Figures:	420
Segments covered:	Product Type, Membrane Type, Pore Size, Application, Hydrophobicity, End-use, and Region
Growth Drivers:	Growing demand for sterile filtration in drug development Technological advancements Increasing concern for infection prevention and control measures Rising private and public investment in research and development
Pitfalls & Challenges:	Stringent regulatory guidelines High cost of sterile filters

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Moreover, the pharmaceutical industry faces stringent regulatory standards for ensuring product safety and efficacy. The growing demand for sterile filtration in drug development is driven by the need to comply with these regulatory requirements. Sterile filtration plays a crucial role in maintaining the sterility of pharmaceutical products, meeting regulatory expectations, and ensuring patient safety.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of sterile filtration was reached USD 7 billion in 2023 and is estimated to surpass USD 15 billion by 2032, attributed to the growing demand for sterile filtration in drug development, increasing concern for infection prevention and control measures.

Sterile filtration industry from the polyethersulfone (PES) membrane type segment is anticipated to exceeded USD 5.8 billion by 2032, as they exhibit robust resistance to a wide range of chemicals and can withstand elevated temperatures, making them a preferred choice for sterile filtration applications.

North America sterile filtration industry accounted for USD 2.4 billion revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline, attributed to a growing aging population, the prevalence of chronic diseases, and continuous advancements in biotechnology.

3M Company, Alfa Laval, Cobetter Filtration Equipment Co. Ltd., Corning Incorporated, Danaher Corporation, GE Healthcare, Merck KGaA, Parker Hannifin Corporation, Porvair Filtration Corp are some of the major industry contenders.