The depth filtration global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Depth Filtration Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The depth filtration market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to the growing demand for biopharmaceuticals, expansion of the pharmaceutical industry, increasing focus on healthcare infrastructure, rise in stringent regulatory standards, and rise in chronic diseases.
The depth filtration market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increasing biopharmaceutical R&D, rising demand for biosimilars, shift towards continuous manufacturing, growing demand for personalized medicine and targeted therapies, increasing emphasis on sustainability and environmental conservation, and expansion of bioprocessing facilities. Major trends in the forecast period include the adoption of single-use systems, the adoption of automation and digitization, technological advancements, advancements in membrane technology, and the emergence of novel filtration materials.
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Scope Of Depth Filtration Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Depth Filtration Market Overview
Market Drivers –
The increase in the manufacturing of pharmaceutical drugs is expected to propel the growth of the depth filtration market going forward. Pharmaceutical drugs refer to medications or substances used for the prevention, treatment, or diagnosis of medical conditions in humans or animals. The surge in pharmaceutical drug manufacturing can be attributed to the increased prevalence of chronic and infectious diseases and the growing aging population, which necessitates a higher demand for medications to manage age-related conditions and ailments. Depth filtration contributes to the safe and reliable production of pharmaceutical products for patient use by providing effective particulate removal, bioburden reduction, and purification of process fluids. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $384,200 million (€340,000 million) in 2022, an increase of approximately 4.95% from 366,267 million (€323,950 million) in 2021. Therefore, the rise in the manufacturing of pharmaceutical drugs is driving the growth of the depth filtration market.
Market Trends –
Major companies operating in the depth filtration market are focused on developing technologically advanced filtration instruments, such as activated carbon depth filter media, to enhance purification processes. Activated carbon depth filter media play a significant role in depth filtration by offering unique adsorption properties that complement the particulate removal capabilities of traditional depth filter media. For instance, in June 2023, Eaton Corporation PLC, an Ireland-based power management company, launched Beco Carbon ACF 03 grade, an activated carbon depth filter media specifically designed for pharmaceutical and biopharmaceutical production. It provides mesoporous to microporous adsorption, effectively removing organic impurities such as endotoxins and decolorizing medium stains. The technology ensures high safety and product quality by meeting USP Class VI testing (United States Pharmacopeia Class VI testing) requirements and biocompatibility standards. It simplifies processes by eliminating the need for powdered activated carbon dosing and offers various designs for different applications, optimizing process costs and enhancing convenience.
The depth filtration market covered in this report is segmented –
1) By Product: Cartridge Filters, Capsule Filters, Filter Modules, Filter Sheets, Plates And Frames, Accessories, Other Products
2) By Media Type: Diatomaceous Earth, Cellulose, Activated Carbon, Perlite, Other Media Types
3) By Application: Final Product Processing, Cell Clarification, Raw Material, Blood Separation, Other Applications
4) By End-Use: Water Filtration, Food And beverages, Healthcare, Other End-Uses
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Regional Insights –
North America was the largest region in the depth filtration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the depth filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the depth filtration market are 3M Company, Merck KGaA, Eaton Corporation PLC, Parker Hannifin Corporation, Saint-Gobain Performance Plastics Corporation, MANN+HUMMEL GmbH, Alfa Laval AB, Cantel Medical Corp., Sartorius AG, Ahlstrom Holding 3 Oy, Donaldson Company Inc., Pall Corporation, Meissner Filtration Products Inc., ErtelAlsop, Graver Technologies LLC, Synder Filtration Inc., Carl Stuart Group (Pure Process), Amazon Filters Limited, Filtrox AG, Fileder Filter Systems, Trinity Filtration Technologies Private Limited, BioPharmaSpec Limited, ANOW Microfiltration Co. Ltd.
Table of Contents
1. Executive Summary
2. Depth Filtration Market Report Structure
3. Depth Filtration Market Trends And Strategies
4. Depth Filtration Market – Macro Economic Scenario
5. Global Depth Filtration Market Size and Growth
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32. Global Depth Filtration Market Competitive Benchmarking
33. Global Depth Filtration Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Depth Filtration Market
35. Depth Filtration Market Future Outlook and Potential Analysis
36. Appendix
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