Depth Filtration Market Analysis, Geographical Segmentation, Drivers, Challenges, Trends Forecast
The Growth of Depth Filtration Market will majorly be driven by the increasing production of biologics and large molecules, as depth filtration plays a significant role in providing pure and quality products. The growth of this market is propelled by the increasing demand for biopharmaceuticals and increasing R&D expenditure in the biopharmaceutical industry
Depth filters offer advantages such as low cost and ease of use; these advantages are driving their uptake in the market. However, the low capacity of depth filters for high-density harvest is a key challenge in this market.
The Global Depth Filtration Market is poised to reach USD 2.96 Billion, at a CAGR of 11.7%.
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The Global Depth Filtration Market research report categorizes the market on the basis of media type, product, application, and region.
Global Depth Filtration Market, by Application
- Final Product Processing
- Small Molecule Processing
- Biologics Processing
- Cell Clarification
- Raw Material Filtration
- Media and Buffer Filtration
- Bioburden Testing
Depth Filtration Market Growth Drivers;
· Growth in the Production of Biologics and Large Molecules
· Increasing R&D Expenditure in Pharmaceutical and Biopharmaceutical Companies
· Advantages Such as Low Cost and Ease of Use are Driving the Uptake of Depth Filters
· Emerging Markets Offer Lucrative Growth Opportunities
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North America (comprising the U.S. and Canada) is expected to account for the largest share of the global Depth Filtration Market, followed by Europe. North America is the world’s largest pharmaceutical market and a leader in biopharmaceutical research. Rising quality requirements have emphasized the need for advanced bioproduction technology in this region. Asia-Pacific is expected to grow at the highest CAGR in the forecast period.
- Further breakdown of the APAC Depth Filtration Market into China, Japan, India, and Rest of Asia-Pacific
- Further breakdown of the European Depth Filtration Market into Germany, France, the U.K., and Rest of Europe
Some of the Major Key Players Operating in the Market;
The Depth Filtration Market is dominated by established players such as Merck KGaA (Germany), Sartorius Stedim Biotech S.A. (France), and Pall Corporation (U.S.).
Merck Millipore KGaA (Germany) was one of the leading players offering depth filter cartridges. The company has strengthened its position in the market through the adoption of organic as well as inorganic strategies such as expansions and acquisitions. Between 2015 and 2017, the company acquired companies to complement its product portfolio and expand its reach. For instance, in 2015, Merck KGaA acquired Sigma Aldrich (U.S.). With this acquisition, the company enhanced its product range & capabilities and expanded its geographic reach & customer base.