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United States Pharmaceutical Filtration Market Forecast 2021-2025

KEY FINDINGS
The United States pharmaceutical filtration market growth is projected to evolve at a CAGR of 7.38% during the forecast period, 2021-2025. The strong pharmaceutical manufacturing base, the surging number of R&D centers, and the rising number of chronic diseases, are among the factors propelling the market growth of the country.

MARKET INSIGHTS
The increasing demand for therapeutic drugs in the country is accredited to the growing number of chronic diseases, which further influences the growth of the pharmaceutical industry. Also, the production of novel biologics requires zero contamination and absolute sterility. This further calls for the application of advanced filtration products for the manufacturing of biologics and drugs. Moreover, the rising investment in research and development of biologics drives the market growth. The increasing adoption of innovative therapies like vaccines, monoclonal antibodies, and therapeutic proteins, has led to the rising number of various biotechnology and biopharmaceutical companies utilizing filtration systems. The latter include cartridges, capsules, membranes, and other products.
Furthermore, several pharma giants are investing in manufacturing facilities across the world. AbbVie Inc invested in the construction of a new facility for small-molecule and biologic APIs production in Singapore, in October 2016. With increasing biopharmaceutical companies, the demand for advanced products is set to rise, thereby driving the growth of the market under study.

COMPETITIVE INSIGHTS
Some of the leading companies in the market are GE Healthcare, 3M Company, Merck & Co Inc, Pall Corporation (Danaher Corporation), Thermo Fisher Scientific Inc, Coorstek Inc, etc.

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United States Pharmaceutical Filtration Market Forecast 2021-2025
Published By :Inkwood Research
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