Key insights into the global pharmaceutical filtration market

During the forecast period 2023-2033, the global pharmaceutical filtration market is expected to reach an estimated value of c. USD 38 billion by 2033 by expanding at a CAGR of c. 16%. The market generated sales of around 10 billion US dollars in 2022. Important key factors driving the global growth of pharmaceutical filtration market are increasing number of new drugs along with positive trends in drug R&D spending across the world.

Pharmaceutical filtration market definition

In the pharmaceutical and biopharmaceutical field, filtration is a technique for separating particles from liquids by introducing a medium through which only the liquid is allowed to flow. Filtration encourages the production of both small and large molecules by preventing cross-contamination. This procedure is often combined with other procedures. The materials are separated by a single perforated layer. This strategy is used in applications such as the filtration of water, bulk solids and solvents. Three different types of operation are available in the market: manufacturing scale operation, pilot scale operation and R&D scale operation. By preventing contamination, the filters help maintain the sterility of the fluid being treated.

Request a PDF sample brochure: https://www.researchnester.com/sample-request-491

Global Pharma Filtration Market: Growth Drivers

The growth of the global pharmaceutical filtration market is mainly attributed to the increasing biopharmaceutical production. Filtering is expected to become widespread in the biopharmaceutical sector. The International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) estimates that by 2020, over 1,213 drugs will be in development for infectious diseases, 1,535 for immunology, 1,535 for neurology, and 2,740 for cancer, among others. The global biopharmaceutical industry would engage in research and development…