Pharmaceutical Membrane Filtration Market Worth $7,960.3 Million by 2018 - Report by MarketsandMarkets
(PRWEB) July 21, 2014 -- The “Pharmaceutical Membrane Filtration Market by Technology (Microfiltration, Ultra filtration, Nan filtration, Reverse Osmosis & Ion Exchange), Application (Cell Separation, Protein Purification, Sterilization, Virus Removal & Water Management), Region (North America, Europe, Asia-Pacific & ROW) - Trends & Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World.
This report studies the global membrane filtration market for pharmaceutical market over the forecast period of 2013 to 2018. This market is valued at an estimated $3,691.9 million in 2013 and is poised to grow at a CAGR of 16.6% from 2013 to 2018, to reach $7,960.3 million by 2018.
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Membrane filtration is an important separation technique in the pharmaceutical and biotechnology industries. It finds widespread applications in the biopharmaceutical industry as biopharmaceutical products, and their intermediates are susceptible to degradation due to heat and chemical treatment, which makes it difficult to separate them using alternate technologies. Membrane filtration has been used in pharmaceutical industry since 1935 and is presently one of the most widely adopted separation techniques in these industries. Based on application, the protein purification market holds the largest share in 2013. However, the sterilization market is poised to grow at the highest CAGR from 2013 to 2018.
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Membrane filtration is a widely used separation technique in the pharmaceutical and biotechnology industries. It finds extensive applications in the biopharmaceutical industry as biopharmaceutical products, and their intermediates are susceptible to degradation due to heat and chemical treatment, and so are difficult to separate using other separation techniques.
Like all other process equipment in the pharmaceutical industry, membrane filtration products approved for use in the pharmaceutical industry have high quality standards. Further, there is a high degree of consolidation in the market, with few large players dominating the market. Stringent regulatory requirements and high degree of consolidation are important entry barriers for new entrants in this market. Small and mid-size players have a small share of the market, and their business interests remain concentrated in local markets across emerging geographies.
The major players in the market are Merck Millipore (U.S.), Pall Corporation (U.S.), and Sartorius Stedim Biotech (France). Other important players in this market are 3M (U.S.) Alfa Laval (Sweden), GE (U.S.), GEA Group (Germany), Graver Technologies (U.S.), Koch Membrane Systems (U.S.), MECO (U.S.), Novasep (France), and Spectrum Laboratories (U.S.).
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