Global Sterile Filtration Market Overview:
Sterile filtration, a process to prevent microbial contamination from a fluid stream without adversely affecting product. This method is commonly used for protein solutions in medical drug processing and heats labile pharmaceuticals. Also, used for heat labile pharmaceuticals and protein solutions in medical drug processing. According to AMA, the Global Sterile Filtration market is expected to see growth rate of 10.1% and may see market size of USD9.1 Billion by 2024.
- Growth in the Biopharmaceutical Industry
- Rising Incidences of Diabetes and Kidney Failure
- Growing Demand for Biopharmaceutical Molecules
- Increase in R&D Spending in Manufacturing Large Molecules, Biologics, and Novel Drugs
- Creation and Use of Advanced Filters for Sterile Filtration
- Stringent Government Regulations for Validation of Filtration Processes
- Increasing Purity Requirements by End Users in Developing Economies
- Growth in the Adoption of Single-Use Devices & Disposables
- Intense Competition Acts as an Entry Barrier for New Entrants
- Huge Capital Expenditure Required to Set Up New Production Facilities
Some of the key players profiled in the report are Merck KGaA (Germany), General Electric Company (United States), Pall Corporation (United States), Parker Hannifin Corporation (United States), Sartorius Stedim Biotech Group (France), Sigma Aldrich Corporation (United States), Thermo Fisher Scientific (United States), 3M (United States), Porvair Filtration Group (United Kingdom), Starlabs Scientific (United States) and Sterlitech Corporation (United States). The Players having a strong hold in the market are Merck KGaA (Germany) General Electric Company (United States) Pall Corporation (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Sterile Filtration market by 2024. Considering Market by End-Users, the sub-segment i.e. Academic Institutes & Research Laboratories will boost the Sterile Filtration market. Considering Market by Membrane Pore Size, the sub-segment i.e. 0.22 Microns will boost the Sterile Filtration market.
According to American society for testing and materials standard, a sterilizing grade filture must completely retain brevundimonas diminute microorganism when challenged with 107 bacteria per cm square of filtration area.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sterile Filtration market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sterile Filtration market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Academic and Government Research Institutes, Filter Manufacturers, Vendors and Distributors, Pharmaceutical and Biotechnology Companies, Food & Beverage Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.