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    Sterile Filtration Market Report

    Sterile Filtration Market Report
    Report code - SR1627 Delivery - 2 Weeks
    Sterile Filtration Market Size, Share, Trend, Forecast, & Industry Analysis: 2021 See more...

    Market Insights

    What is sterilizing filtration?

    Sterilizing filtration is defined as the process of removing microorganisms from a fluid stream without adversely influencing the product. It is being used for various applications to promote the growth of cell culture. Based on type, sterile filtration can be categorized as membrane filters, cartridges & capsules, and syringe filters.

    The Sterile Filtration Market is expected to grow from USD 5.2 billion in 2020 to USD 8.1 billion by 2026 at a CAGR of over 7.8% during the forecast period.

    Sterile Filtration Market Market - Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    USD 5.2 billion

    Market Size in 2026

    USD 8.1 billion

    Market Growth (2021-2026)

    7.8% CAGR

     

    Figure: Sterile Filtration Market Size, 2020-2026 (USD Billion)

    Sterile-Filtration-Market-Forecast

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    Market Drivers

    The growth of the sterile filtration market is primarily driven by widespread use in the pharmaceutical industry to prevent microbial contamination. Growing preference for sterile filters over non-sterile filters across verticals due to superior performance is likely to add to the market growth substantially during the review period. Additionally, rising product demand in developing countries with expanding industrialization is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    COVID-19 Impact on Sterile Filtration Market

    The covid-19 outbreak posed significant challenges for the healthcare sector across geographies. It impacted the growth of the sterile filtration market as supply chain disruptions due to trade restrictions affected the product availability on demand.

    Segments' Analysis

    End-User Trends

    Based on end-user, the market has been segmented into pharmaceutical, biotechnology companies, and academic research institute. The pharmaceutical segment accounted for the largest market share in 2020 and is projected to register significant CAGR during the review period. The segment growth can be attributed to expanding growth of the pharmaceutical industry with rising healthcare spending across the globe.

    Regional Trends

    Geographically, the market in North America accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to widespread product use in the end-use industries coupled with the presence of key market players such as General Electric Company (US) and Pall Corporation (US). The market in Asia-Pacific is expected to be driven by the increasing growth of the pharmaceuticals industry in developing countries, particularly China and India.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Sterile Filtration market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

    • What are the key trends in the Sterile Filtration market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Sterile Filtration market?
    • What are the key strategies adopted by the major vendors to lead in the Sterile Filtration market?
    • What is the market share of the top vendors?

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    Key Players

    Key players operating in the Sterile Filtration Market are-

    • The Merck Group (Germany)
    • Pall Corporation (US)
    • Sartorius AG (Germany)
    • General Electric Company (US)
    • The 3M Company (US)
    • Parker (US)
    • MilliporeSigma (US)
    • Porvair Filtration Group (UK)
    • Sterlitech Corporation (US)

    Target Audience

    Here is the list of the group of customers that the sterile filtration market hopes to have the greatest opportunity to convert-

    • Sterile filtration manufacturers
    • Sterile filtration suppliers
    • Sterile filtration distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The sterile filtration market is expected to witness an impressive growth of 7.8% CAGR in the coming years.

    The Merck Group (Germany), Pall Corporation (US), Sartorius AG (Germany), General Electric Company (US), The 3M Company (US), Parker (US), MilliporeSigma (US), Porvair Filtration Group (UK), and Sterlitech Corporation (US) are among the key players in the sterile filtration market.

    The sterile filtration market size is expected to reach USD 8.1 billion in the foreseeable future.

    The pharmaceutical segment is expected to register significant CAGR in the sterile filtration market in the next five years.

    North America accounted for the largest share in the sterile filtration market in 2020.

    Sterile filtration manufacturers, Sterile filtration suppliers, Sterile filtration distributors, Organizations, Government bodies are the target audience in the sterile filtration market.