Global Pharmaceutical Filtration Market by Products, Techniques, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Pharmaceutical Filtration Market is valued to reach USD 24.2 Billion by 2021, growing at CAGR of 10.2% from 2020–2026. Growing prevalence of chronic diseases, rising geriatric population, growing biopharmaceutical and generic drug production and high demand for advanced therapeutic drugs for treatment of chronic diseases such as cancer, diabetes, asthma,

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The increase in the number of chronic diseases globally is one of the prime reasons for the growth of pharmaceutical industry. There is a high demand for advanced therapeutic drugs for the treatment of chronic diseases such as cancer, diabetes, asthma, COPD, and arthritis. Moreover, production of novel biologics requires utmost sterility and zero risk of contamination which further necessitates the application of advanced filtration products for manufacturing of drugs and biologics.

Market Trends, Drivers, Restraints, and Opportunities:

Launch of technologically advanced filters, advancements in the manufacture of generics and biologics, and rise in the need for clean room manufacturing and research are anticipated to fuel market growth.
Surge in R&D expenditures by biopharmaceutical and pharmaceutical companies is another aspect boosting the growth of the market.
Increase in the production of large molecules and biologics and improvements in the nanofiber expertise are anticipated to fuel the growth of the pharmaceutical filtration market during the forecast period.
Surge in the manufacture of generic drugs is projected to further propel market growth in the next few years.
Strict government guidelines for the authentication of filtration procedures are projected to hamper market growth
Emerging markets to offer profitable growth opportunities in the market.