As regulatory framework gets more robust around cleanrooms in Pharmaceutical set-ups, global pharmaceutical membrane filtration market is set to gain a strong foothold. This firmness is also a result of rising use of generics in the industry, owing to worldwide demand.
To add to this, there are growing numbers of technological advancement, rising from heavy Research and Development by the market players. This is particularly the case in development of nano-fibres and methods in improving production of biologics and other molecules.
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It is pertinent to note here that the market is consolidated and to keep an edge over others, players resort to mergers and acquisitions and don’t shy away from strategic collaborations and partnerships whenever there seems to be synergistic opportunity possible. Some of the most prominent names in the global pharmaceutical membrane filtration market include Koch Membrane System, Sartorius Stedim Biotech S.A., GEA Group, Graver Technologies, LLC, ALFA Laval, Danaher Corporation (Pall Corporation), 3M Company, Novasep, General Electric Company, and Merck KGaA. There are also notable investments in product innovation made by these players to stay ahead of their game.
Owing to these factors, it comes as no surprise that global pharmaceuticals membrane filtration market is set to see a steady CAGR (Compound Annual Growth Rate) that is creating sizeable growth opportunities that will keep the players on their toes. Besides, this will pull up the market worth considerably.
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This will further be fuelled by a robust pipeline of biologics, and robust economic performance of a number of developing economies. These are also the regions that present themselves as hotspots for generic medicine production. Besides, rise in air-borne disease, which is a direct result of rising air pollution and lack of a strong regulatory framework to fight the devil, is leading to growth in the pharmaceutical membrane filtration market.