This is How Key Players are Dominating the Global Sterile Filtration Market

Overview:

The study involved four major activities in estimating the current size of the sterile filtration market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Expected Revenue Growth:

The global sterile filtration market size is projected to reach USD 7.6 billion by 2025 from USD 5.1 billion in 2020, at a CAGR of 8.2%. The major factors driving the growth of this market include the advantages of sterile filters over non-sterile filters, the growing demand for pure water in the end-user market, increasing adoption of single-use technologies, and rising focus on the development of large biopharmaceutical drugs. The manufacturing and use of advanced filters for sterile filtration and the untapped potential in emerging countries offer a significant scope of growth in the sterile filtration market.

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Key Players:

The major companies in the global sterile filtration market are Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), 3M (US), and Parker Hannifin Corp (US).

Merck KGaA accounted for the largest share of the sterile filtration market in 2019. The company has expanded its position as the most profitable technology and solutions supplier in the sterile filtration industry by offering leading-edge products for biotech & pharmaceutical companies and for the advancement of cell and gene therapy. The company also adopts organic strategies such as product launches and expansions to maintain its position in this market. For instance, In 2019, Merck (Germany) launched the Stericup Quick Release 500 ml Vacuum Filtration System and Sartolab MultiStation (filtration units). Moreover, In 2019, Merck (Germany)) expanded its distribution capacity in Gillingham, UK.

Danaher Corporation (US) accounted for the second-largest share of the sterile filtration market and it operates in this market through its subsidiary, Pall Corporation. The company’s separation, filtration, and purification technologies revenue have shown a significantly high demand from the biopharmaceutical industry in Western Europe, North America, and other high-growth markets, particularly in the Asia Pacific region. Danaher’s focuses on several organic and inorganic strategies such as product launches, expansions, and partnerships. For instance, In 2019, the company established Pall established a Biotech Integrated Solutions Center of Excellence (CoE) in Shanghai, China. to serve bioprocess engineering consultancies for China and broader Asia.

Major Objectives of This Study:

# To define, describe, and forecast the sterile filtration market by product and region.

# To forecast the revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)

# To identify the micromarkets with respect to drivers, industry-specific challenges, opportunities, and trends affecting the growth of the market

# To analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market

# To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

# To profile the key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies

# To track and analyze competitive developments such as partnerships, agreements, collaborations, acquisitions, product launches, and research and development activities in the sterile filtration

North America accounted for the largest share of the sterile filtration market in 2019

Based on the region, the sterile filtration market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the sterile filtration market in 2019. The large share of the North American region can be attributed to a large number of pharmaceutical and biotechnology and food & beverage companies in the region, the presence of a well-established healthcare market, and stringent regulations for the pharmaceutical industry.

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