Overview:
The study involved four major activities in estimating the current size of the Sterile Filtration Market. Exhaustive secondary research was done to collect information on the market and its different subsegments.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Market Size Estimation:
Both top-down and bottom-up approaches were used to estimate and validate the total size of the sterile filtration market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
# The key players in the industry and markets have been identified through extensive secondary research
# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Major Revenue Gains:
The global sterile filtration market size is projected to reach USD 7.6 billion by 2025 from USD 5.1 billion in 2020, at a CAGR of 8.2%.
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Data Triangulation
After arriving at the overall market size—using the market size estimation processes—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the sterile filtration industry.
The cartridge filters segment accounted for the largest share of the global sterile filtration market in 2019.
Based on product, the sterile filtration market is segmented into cartridge filters, capsule filters, membranes, syringe filters, bottle-top & table-top filtration systems, and accessories. In 2019, the cartridge filters segment accounted for the largest share of the sterile filtration market. The large share of this segment can primarily be attributed to the increasing use of different types of cartridge filters for larger processes requiring more filtration area and/or lower unit operating costs.
North America accounted for the largest share of the sterile filtration market in 2019.
North America accounted for the largest share of the sterile filtration market in 2019. The large share of the North American region can be attributed to a large number of pharmaceutical and biotechnology and food & beverage companies in the region, the presence of a well-established healthcare market, and stringent regulations for the pharmaceutical industry.
Global Leading Companies:
Some of the major players in the sterile filtration market include Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), 3M (US), Parker Hannifin Corporation (US), Sterlitech Corporation (US), Alfa Laval AB (Sweden), and Thermo Fisher Scientific (US).
Recent Developments:
# In 2019, Merck (Germany) launched the Stericup Quick Release 500 ml Vacuum Filtration System
# In 2019, Merck (Germany)) expanded its distribution capacity in Gillingham, UK.
# In 2019, Sartorius (Germany) launched Sartolab MultiStation (filtration units).
# In 2018, Pall (US) established a Biotech Integrated Solutions Center of Excellence (CoE) in Shanghai, China. This center is equipped with advanced bioprocessing equipment, including single-use cell culture solutions, cell clarification using acoustic wave technology, chromatography using automated packing techniques, viral clearance, and tangential flow filtration, to serve bioprocess engineering consultancies for China and broader Asia.
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