Compared to 7.7 billion in 2019, the earth would be home to 9.7 billion people by 2050, says the United Nations, in its 2019 World Population Prospects report. With population boom, the demand for everything, be it food, water, clothes, housing, or medicines, will rise too. Plus, with the prevalence of chronic diseases surging, prescription as well as over-the-counter (OTC) drugs are needed more than ever. This is leading to huge investments in the pharmaceutical industry, wherein new production plants as well as research laboratories are being set up. At both these places, filtration is one of the most important processes, as the drugs being produced or researched upon must be completely contamination-free.
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Thus, with the rising need for medicines, the pharmaceutical filtration market is predicted to grow considerably in the coming years. For the process, membrane filters, prefilters and depth media filters, cartridge and capsule filters, single-use systems, filter holders, and filtration accessories are required. Among these, membrane filters have historically been bought in the highest numbers, as they are being rapidly used for pharmaceutical and other related purposes. The reason is that their installation in large as well as small settings is quite easy.
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The final factor is also why among the three scales of operations, where filters are used — pilot, research and development (R&D), and manufacturing — manufacturing accounts for their highest use. As research and pilot studies are done in laboratories with small-scale instruments, purchasing filters and accessories in extreme volumes is not necessary. However, once the medicine enters mass production, huge volumes of ingredients pass through the machines every day, which is why the filters and accessories need regular replacement.
This study covers
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential