Report ID: SQMIG35I2359
Report ID:
SQMIG35I2359 |
Region:
Global |
Published Date: December, 2024
Pages:
207
|
Tables:
150 |
Figures:
68
Pharmaceutical Filtration Market size was valued at USD 12.6 Billion in 2023 and is poised to grow from USD 13.61 Billion in 2024 to USD 25.2 Billion by 2032, growing at a CAGR of 8% during the forecast period (2025-2032).
Rising demand for novel drugs and pharmaceuticals around the world is projected to primarily augment the demand for pharmaceutical filtration in the future. Imposition of stringent mandates for pharmaceutical R&D and manufacturing by regulatory authorities and governments is also expected to create new opportunities for pharmaceutical filtration companies going forward. Growing investments in novel drug discovery and development around are also expected to boost the sales of pharmaceutical filtration products and solutions in the future. Expansion of drug development pipelines and increasing commercialization of multiple pharmaceuticals and biologics are also estimated to bolster the pharmaceutical filtration market outlook across the forecast period. Establishment of new pharmaceutical manufacturing facilities and increasing approval of new branded and generic drugs around the world are also expected to uplift the demand for pharmaceutical filtration in the future. Contrastingly, complexity in filter process validation, risk of filter contamination, and strict regulatory compliance requirements are forecasted to be key constraints for the global pharmaceutical filtration industry in the long run.
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Report ID: SQMIG35I2359