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Asia Pacific Pharmaceutical Filtration Market Forecast 2021-2028

The Asia Pacific pharmaceutical filtration market growth is projected to evolve at a CAGR of 10.05% during the forecast period, 2021-2028. The market growth of the region is attributed to high disposable income, surging demand for pharmaceutical filtration products, and the growing prevalence of diseases like rabies and malaria polio.

India, China, Japan, South Korea, Vietnam, Thailand, Indonesia, Australia & New Zealand, and the rest of Asia Pacific, are evaluated for the Asia Pacific pharmaceutical filtration market growth assessment. The growing aging population is influencing government healthcare expenditures in Japan. This has also led to the government adopting certain cost-containment measures like the promotion of generic drugs. The big pharma companies are coming forward to joint ventures, given the higher demand for generics, like the venture between Teva Pharmaceutical (TEVA) and Takeda Pharmaceutical (TKPYY). This is set to fuel the market growth of Japan during the forecast period.
India is the biggest provider of generic drugs in the world, accounting for 20% of global export volume (generics). The country also encompasses a large pool of competent engineers and scientists capable of steering the industry to a higher level. Currently, more than 80% of the antiretroviral drugs to combat AIDS worldwide, are supplied by Indian pharmaceutical firms. Also, the pharmaceutical sector industry meets over 50% of global demand for several vaccines, 25% in the UK, and 40% in the US. Such market prospects are estimated to be beneficial for growth in the coming years.

Some of the distinguished players in the market include, Sartorius Stedim Biotech SA, Asahi Kasei Corporation, Parker-Hannifin Corporation, Siemens Healthineers, 3M Company, Thermo Fisher Scientific Inc, etc.

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Asia Pacific Pharmaceutical Filtration Market Forecast 2021-2028
Published By :Inkwood Research
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