North America Is Expected To Exhibit A Significant Growth In The Global Pharmaceutical Filters Market

North America market is expected to exhibit high growth over the forecast period. This is owing to growing pharmaceuticals industry in the U.S. According to a study published by International Federation of Pharmaceutical Manufacturers & Associations, 2017, U.S. represented largest market share (i.e. 40.3%) in the global pharmaceuticals market in 2015. Moreover, the country’s share in global pharmaceutical market is expected to reach to 41% by 2020. Filters are used at various stages of manufacturing of pharmaceuticals, in the U.S. and this is expected to drive demand for pharmaceutical filters. In the region, in turn aiding in growth of the market.

Asia Pacific is expected to be the second-largest market for pharmaceutical filters, owing to growing pharmaceuticals industry in the region and increasing export of pharmaceuticals by countries such as India and China. According to the report published by Department of Industrial Policy and Promotion and Department of Pharmaceuticals, in 2017, India was one of the largest producers of pharmaceutical products and a leading player in the global generics market, exporting nearly 50% of its production. These factors for expected to aid in growth of the market.

Major players in global pharmaceutical filters market are Eaton Corporation Plc., GE Healthcare, Parker Hannifin Corporation, Merck KGaA, Danaher Corporation, 3M, Amazon Filters Ltd, Sartorius Stedim Biotech S.A., Graver Technologies, LLC, and Meissner Filtration Products, Inc.

Request For Sample [email protected]

https://www.coherentmarketinsights.com/insight/request-sample/1372

Filtration is an important process in pharmaceutical, biotechnological, and bioscientific laboratories. Pharmaceutical filtration devices are widely used in drug manufacturing, research & development, and others. There are various types of filers available such as membrane filters, prefilters and depth media filters, and cartridge & capsule filters according to the requirement.

Increasing research and development activities for new drug development is expected to drive growth of the global pharmaceutical filters market in the near future

Pharmaceutical filters are widely used in research and development of new drugs, thus increasing R&D activities is expected to increase demand for pharmaceutical filters. According to International Federation of Pharmaceutical Manufacturers & Associations, 2017, around 56 new medicines were launched in 2015, while over 7,000 compounds were at different stages of development, globally. The research-based pharmaceutical industry invested over US$ 149.8 billion on R&D per year, according to the same source. Growing generic and biologics manufacturing market is also expected to lead to high demand for pharmaceutical filters, as these are primarily used in drug manufacturing processes.

Get Table Of Content:

https://www.coherentmarketinsights.com/ongoing-insight/toc/1372

You may be interested

Business

Global Kick Boxing Equipment Market 2018 : Market Overlook and Future Growth

Albert R - December 13, 2018

According to the new market research report on "Global Kick Boxing Equipment Market Report 2018 - 2026” covers there Product Type, Region Coverage, Application or End-user, Industry…

Chemicals and Polymer Science

Global IGBT Transistor Market Reports 2026: Industry Insights of Top Key players covering Application, Tpyes and Forecast to 2026

Albert R - December 13, 2018

According to the new market research report on "Global IGBT Transistor Market Report 2018 - 2026” covers there Product Type, Region Coverage, Application or End-user, Industry Insights…

Chemicals and Polymer Science

Global Medical Sensing Electrode Market 2018 – 2026 Research Analysis Report, Application, Top regions, Share, Growth, Revenue

Albert R - December 13, 2018

According to the new market research report on "Global Medical Sensing Electrode Market Report 2018 - 2026” covers there Product Type, Region Coverage, Application or End-user, Industry…

Most from this category