This report studies the global market over the forecast period of 2013 to 2018. This market is valued at an estimated $3,691.9 million in 2013 and is poised to grow at a CAGR of 16.6% from 2013 to 2018, to reach $7,960.3 million by 2018.
Membrane filtration is an important separation technique in the pharmaceutical and biotechnology industries. It finds widespread applications in the biopharmaceutical industry as biopharmaceutical products and their intermediates are susceptible to degradation due to heat and chemical treatment, and are difficult to separate using other technologies. Membrane filtration has been used in pharmaceutical industry since 1935 and is presently one of the most widely adopted separation techniques in this industry.
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Like all other process equipment in the pharmaceutical industry, membrane filtration products approved for use in the pharmaceutical industry have high quality standards. Further, there is a high degree of consolidation in the membrane filtration market with few large players dominating the entire market. Stringent regulatory requirements and high degree of consolidation are important entry barriers for new entrants in this market. Small and mid-size players have a small share of the market and their business interests remain concentrated in local markets across emerging geographies.
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Membrane filtration is the most widely used technology for protein purification in the pharmaceutical industry. Other important applications of this technology in the pharmaceutical industry are cell separation and water treatment. Microfiltration and ultra filtration are the most widely used filtration technologies in the pharmaceutical industry. In 2013, Europe was the largest market for pharmaceutical membrane filtration. However, the North American market is expected to grow rapidly in the forecast period between 2013 and 2018 and is expected to be as large as that of Europe by 2018.
New product launches and capacity expansion are the key growth strategies adopted by major players in the pharmaceutical membrane filtration market. The strategy of new product launches was mainly adopted by Merck Millipore (U.S.), Pall Corporation (U.S.), and Sartorius Stedim Biotech (France). Capacity expansion strategy was mainly adopted by Novasep (France), Pall Corporation (U.S.), and Sartorius Stedim Biotech (France). Companies adopted these strategies in order to expand their product portfolio and strengthen their market presence.
Merck Millipore (U.S.), Pall Corporation (U.S.), and Sartorius Stedim Biotech (France) are the market leaders in the pharmaceutical membrane filtration market. These companies have business interests across major geographies with Europe accounting for the largest share of their combined revenues, followed by North America.
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