Depth Filtration Market Worth $2.9 billion by 2025 | Focus on developing large-molecule biopharmaceuticals

PUNE, India, 2020-Jun-10 — /EPR Network/ —

[157 Pages Report] The Global Depth Filtration Market is projected to reach $2.9 billion by 2025 from USD 1.7 billion in 2019, at a CAGR of 9.0% during the forecast period.

Market Size Estimation:

• For the calculation of the global market value, the segment revenue was arrived at based on the revenue mapping of major players active in the protein engineering market. This process involved the following steps:
• Generating a list of the major global players operating in the depth filtration market
• Mapping the revenue of major players to cover 70-80% of the global market as of 2018
• Extrapolating the value to 100% to arrive at the global market size

Data Triangulation:

After arriving at the overall market size-using the market size estimation process explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of the protein engineering market.

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Market Segmentation in Detailed:

Based on the product, the depth filtration market is segmented into cartridge filters, capsule filters, filter modules, filter sheets, plate and frame filters, accessories, and other products (includes caps, pads, pods, syringes, bags, and discs). The cartridge filters segment accounted for the largest share of the global depth filtration market in 2019. This can be attributed to the high dirt-holding capacity and long service life of these products.

Based on media, the depth filtration market is broadly segmented into diatomaceous earth (DE), activated carbon, cellulose, perlite, and other media (glass fibers, quartz, borosilicate, and resin binders). The DE filters segment accounted for the largest share of 41.3% of the global depth filtration market in 2018. The large share of this segment is attributed to the high-quality filtration offered by DE and its wide range of applications in the pharmaceutical and biopharmaceutical industry.

Recent Developments in Market:

• In 2019, Sartorius opened manufacturing operations in Yauco, Puerto Rico, to increase its production capacity and deliver a wider array of products to its American customers directly.
• In 2019, Merck expanded its distribution capacity in Gillingham, UK.
• In 2019, Parker Bioscience Filtration, a part of Parker Hannifin, expanded its facilities at Birtley, UK

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In 2019, North America accounted for the largest share of the global depth filtration market, followed by Europe. The large share of the North American market is attributed to the increasing R&D investments in US and government funding and initiatives in Canada.

The major companies operating in the global depth filtration market include Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), GE Healthcare (US), 3M (US), Parker Hannifin Corporation (US), Porvair Filtration Group (UK), ErtelAlsop (US), Amazon Filters Ltd. (UK), Meissner Filtration Products, Inc. (US), Donaldson Comany, Inc. (US), Eaton Corporation (Ireland)