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North America Pharmaceutical Filtration Market is projected to reach USD 7.15 Bn by 2021

The North America Pharmaceutical Filtration Market was worth USD 4.8 billion in 2016 and estimated to be growing at a CAGR of 8.3%, to reach USD 7.15 billion by 2021. The market is expected to expand at a fast rate during the forecast period.  Pharmaceutical filtration involves the removal of unwanted particles such as poorly soluble powders and solid impurities from the processed components leading to reduction in bacteria. The filters maintain sterility by preventing the processed solution from contamination. It finds application in final product processing, raw material filtration, cell separation, water purification and air purification, where final product processing has been the largest application area of pharmaceutical filtration market.

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One of the major drivers is the increasing healthcare expenditure which ultimately leads to improved healthcare infrastructure. The increase in healthcare expenditure leads to increase in spending on research and development leading to the growth of the pharmaceutical filtration market. R&D investments in formulation and development of a drug have increased due to the rise in demand for various cures and treatments. The increasing healthcare investments around the world, is propelling the increase in R&D investments, which is fuelling the growth of the market. Growth in the production of biologics and generics and technological advancements in the filter production is also contributing to the growth of the market.  However, the huge capital required to set up the production facility and stringent FDA regulations are hampering the growth of the market.

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Some of the major companies dominating the market are Merck KGaA, Pall Corporation, GE Healthcare, 3M Company, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., Eaton Corporation PLC, Graver Technologies, LLC, Amazon Filters Ltd. and Meissner Filtration Products, Inc.

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North America Pharmaceutical Filtration Market is projected to reach USD 7.15 Bn by 2021


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