Depth Filtration Market expected to grow at a 11.7% CAGR
The Global Depth Filtration Market is poised to reach USD 2.96 Billion by 2022 from USD 1.70 Billion in 2017, at a CAGR of 11.7%.
(EMAILWIRE.COM, January 18, 2019 ) Major factors driving the growth of the market are increasing demand for biopharmaceuticals and increasing R&D expenditure in the biopharmaceutical industry. On the other hand, stringent government regulations and validation processes are expected to restrain the growth of this market to a certain extent during the forecast period.
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However, patent expiries of blockbuster biopharmaceutical products and emerging countries such as China, Japan, India, Australia, and Brazil represents significant growth opportunities for the key players in the market.
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Global Depth Filtration Market, by Media Type
- Diatomaceous Earth
- Activated Carbon
- Cellulose
- Perlite
the global depth filtration market is broadly segmented by media type, product, application, and region. On the basis of product, the market is classified into cartridge filters, capsule filters, filter modules, filter sheets, and other products (such as filter papers and filter bags). The capsule filters segment is estimated to grow at the highest CAGR during the forecast period.
The depth filtration market is dominated by established players such as Merck KGaA (Germany), Pall Corporation (U.S.), Sartorius Stedim Biotech S.A. (France), 3M Company (U.S.), and Eaton Corporation (Ireland).
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