Depth Filtration Market Growing at a CAGR of 9.0% – Global Industry Leaders & Growth Divers Adopted

Depth Filtration Market

Depth Filtration Market Depth Filtration Market

PUNE, India, 2020-Nov-19 — /EPR Network/ —

The study involved two major activities in estimating the current size of the depth filtration market. Exhaustive research was conducted 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 MarketsandMarkets Research – The Global Depth Filtration Market is projected to reach USD 2.9 billion by 2025 from USD 1.7 billion in 2019, at a CAGR of 9.0% during the forecast period.

The Key Factors Who will Drives the Market Growth?

  • Increasing adoption of single-use technologies
  • Focus on developing large-molecule bio-pharmaceuticals
  • Advantages such as low cost and ease of use are driving the uptake of depth filters
  • Increased preference of synthetic depth media over naturally derived media

Recent Developments in Depth Filtration Industry:

  • 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

Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=143876285

Market Segmentation in Detailed:

Based on the product, 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.

Based on the application, is segmented into final product processing, cell clarification, raw material filtration, diagnostics, and viral clearance. The final product processing segment is further categorized as small-molecule processing and biologics processing. The raw material filtration market is further segmented into media & buffer filtration and bioburden testing. In 2019, the final product processing segment accounted for the largest share of the depth filtration market due to the, expansion in generics production and the demand for high-quality final products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=143876285

The global depth filtration market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, Latin America, and Middle-East & Africa. In 2019, North America accounted for the largest share of 38.0% of the global depth filtration market, followed by Europe, with a share of 29.2%. The large share of the North American region can be attributed to a large number of pharmaceutical and biotechnology companies in the region and the presence of a well-established healthcare market.

Key Market Players;

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).

Danaher (US) held the leading position in this market primarily due to its strong portfolio of depth filtration including filters and media.  In addition, the company has strengthened its market position through the expansion of its product portfolio by collaboration and agreement and expansion.

Matched content

Editor’s pick

Express Press Release Distribution