Global Filter Integrity Test Market worth $ 79 million : Technological advancements in the field of Biopharma Companies

Global Filter Integrity Test Market worth $ 79 million : Technological advancements in the field of Biopharma Companies

Factors such as increasing R&D spending, growth in the biopharmaceutical industry, and increasing purity requirements in the end-user market are driving the growth of the market.
 
The study involved 4 major activities in estimating the current market size for filter integrity test. Exhaustive secondary research was done to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.
According to the new market research report “Filter Integrity Test Market by Test Type (Bubble Point, Diffusion, Water Flow), Mechanism (Manual, Automation), Filter Type (Air, Liquid), End User (Biopharmaceutical Companies, Contract Manufacturing Organizations, Academics) – Global Forecast to 2024″, published by MarketsandMarkets™, the market for Filter Integrity Test is projected to reach USD 79 million by 2024 from USD 59 million in 2018, at a CAGR of 5.0% during the forecast period.
 
Browse in-depth TOC on “Filter Integrity Test Market“
 
80 – Tables
 
27 – Figures
 
106 – Pages
 
 
The growth of the global Filter Integrity Test Market is mainly driven by the increasing R&D spending across the globe, growth in the biopharmaceutical industry, and increasing purity requirements.
 
The liquid filter integrity test segment accounted for the largest share of the global Filter Integrity Test Market in 2018.
 
On the basis of filter type, the Filter Integrity Test Market is segmented into liquid and air filter integrity tests. The liquid filter integrity test segment accounted for the largest market share in 2018. The liquid filter integrity test method includes bubble point and diffusive flow tests. This testing method is correlated to a liquid bacteria challenge test, and the correlation verifies the integrity test limits the filters have to pass. Liquid integrity tests can be used on both hydrophobic and hydrophilic membrane filters used to sterilize liquid pharmaceutical and biopharmaceutical products.
 
Pharmaceutical and biopharmaceutical companies are the largest end users of the Filter Integrity Test Market.
 
Based on end user, the global Filter Integrity Test Market is segmented into pharmaceutical and biopharmaceutical companies, contract manufacturing organizations (CMOs), and other end users (academics and research institutes). The pharmaceutical and biopharmaceutical companies segment accounted for the largest market share in 2018. The presence of stringent government guidelines for purity requirements in pharma and biotech manufacturing is a major factor driving the growth of this end-user segment.
 
 
Asia Pacific is projected to witness the highest growth in the Filter Integrity Test Market during the forecast period.
 
The Asia Pacific Filter Integrity Test Market, particularly in China, Japan, India, and South Korea, is expected to witness high growth in the coming years. Growth in these markets will be fueled by factors such as significant investments by key market players, increasing government support, developing R&D infrastructure, increasing outsourcing, and growing expertise and academic excellence. Moreover, China, India, and South Korea have emerged as important players in the global pharmaceutical R&D sector.
 
The major players in the Filter Integrity Test Market are Merck KGaA (Germany), Danaher Corporation/Pall Corporation (US), Sartorius (Germany), Donaldson Company (US), Parker Hannifin Corporation (US), Meissner Filtration Product (US), MDI Filtration Technologies (US), Thermo Fisher Scientific (US), Eaton Corporation (Ireland), and SH-Surway (China).
 
Browse Adjacent Markets: Biotechnology Market Research Reports & Consulting
 
Single use Bioprocessing Market by Product (Media Bags and containers, Bioreactors, Mixers, Assemblies), Application (Cell Culture, Mixing, Storage, Filtration, Purification), End User (Biopharma Companies, CROs, CMOs) – Global Forecast 2026
 
 
Pharmaceutical Filtration Market by Product (Membrane Filters, Single-Use Systems), Technique (Microfiltration, Ultrafiltration), Application (Final Product Processing, Raw material), Scale of Operation (Manufacturing, Pilot, R&D) – Global Forecast to 2021
 
 
About MarketsandMarkets™
 
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
 
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
 
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
 
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
See also  Global Transplant Diagnostics Market worth USD 5.5 billion by 2025 Indicates Impressive Growth Rate In HLA And Medical Device Industry

Related Posts

%d bloggers like this: