USD 2.10 Billion
Report ID:
SQMIG35H2128 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
121
|Figures:
77
Global Tangential Flow Filtration Market size was valued at USD 2.10 Billion in 2022 and is poised to grow from USD 2.34 Billion in 2023 to USD 5.61 Billion by 2031, at a CAGR of 11.53% during the forecast period (2024-2031).
Tangential flow filtration market is a vital segment belonging to the biotechnology and bioprocessing industries. The market is substantially driven by factors like improvements in membrane technology, rise of biopharmaceuticals, and growing demand for water purification in diverse application areas. The rising demand for biosimilars and biologics is fueling the tangential flow filtration market, since these products need effective purification techniques. Modernizations in membrane designs and materials is enhancing product yield and efficiency. The market is also impacted by the rise in research and development and the demand for high-throughput processing. Increased investment in biotech research is fueling the demand for tangential flow filtration systems in pilot plants and laboratories. Furthermore, tangential flow filtration enables high-throughput processing that makes it appropriate for extensive production.
Nonetheless, the market is hindered by significant initial investment, operational complexity, and membrane fouling. The capital cost of these tangential flow filtration and related membranes could be high. This may be an obstacle for smaller companies to adopt and use them efficiently. Also, technical experts needed to maintain and operate these systems may restrict their use in a few settings. Moreover, over time, the membranes may turn fouled, which could result in increased maintenance costs and reduced efficiency. Yet, the market is opportune to factors like growing integration with AI, trend towards personalized medicine, and focus on sustainable practices.
US Tangential Flow Filtration Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 2.10 Billion
Largest Segment
Microfiltration
Fastest Growth
Microfiltration
Growth Rate
11.53% CAGR
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The global tangential flow filtration market is segmented on the basis of product, technology, application, end-use, and region. Based on product, the market is segmented into Single-use Tangential Flow Filtration Systems, Reusable Tangential Flow Filtration Systems, Membrane Filters, and Filtration Accessories. In terms of technology, the market is segmented into Ultrafiltration, Microfiltration, Nanofiltration, and Others. Based on Application the market is segmented into Protein Purification, Vaccine and Viral Vectors, Antibody Purification, Raw Material Filtration, Others. Based on End-user the market is segmented into Pharmaceutical & Biotechnology Companies, Contract Research Organizations & Contract Manufacturing Organizations, Academic Institutes & Research Laboratories. Based on region the global Tangential Flow Filtration Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Tangential Flow Filtration Market Analysis by Product
Based on segmentation by product, the market is categorized into single-use tangential flow filtration systems, reusable tangential flow filtration systems, membrane filters, and filtration accessories. The membrane filters segment held a notable market share in 2023 and is projected to continue dominance in future as well owing to several key factors including versatility, higher efficiency, cost-effectiveness, scalability, and regulatory acceptance. Membrane filters offer effective purification and separation of biological products. They also hold wide applicability in diverse processes including buffer exchange and protein concentration. They are easily scalable in lab and large-scale production, reduce costs via enhanced production and decreased product costs. Also, they are broadly accepted for quality and safety by regulatory bodies.
On the other hand, the Single-use systems segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to less cross-contamination risk, less operational costs, and easy usage. Single-use systems majorly reduce the contamination risk among the batches. They also eliminate the need for validation and cleaning, which considerably reduces resources and time. Furthermore, easy installation and operation increases user-friendliness, mainly in the small-scale settings, thus driving the segment’s growth. Furthermore, rising demand for scalable and efficient solutions in biopharmaceutical sector is considerably boosting the adoption, affecting the market growth.
Tangential Flow Filtration Market Analysis by End-Use
Based on end-use, the market is segmented into pharmaceutical & biotechnology companies, contract research organizations & contract manufacturing organizations, and academic institutes & research laboratories. The pharmaceutical & biotechnology companies segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to higher demand for biologics, regulatory compliance, advanced research and development, and better scalability. The rising production of biosimilars and biologics is notably driving the demand for effective and reliable purification methods. Strict regulations are also increasing the need for validated and reliable processes. Other key drivers of the market include major investments in R&D for high filtration needs and scalability option that aids large-scale and small-scale production for biotechnology companies.
On the other hand, the contract research organizations & contract manufacturing organizations segment will hold a remarkable market share in the coming years owing to the growing trend of outsourcing, flexibility, cost-effectiveness, and speedy turnaround. The growing reliance on CMOs and CROs for biopharma processes is considerably driving the demand for tangential flow filtration systems. These systems offer adaptable solutions for different projects and unique production scales. Outsourcing filtration procedures enable consumers to decrease operational costs and emphasize core activities. Also, CMOs and CROs need effective filtration solutions to cater to the strict project timelines. These factors are propelling the growth of the segment.
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Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the strong biopharmaceutical sector, innovative research and development, and favorable regulations. The strong presence of key biotechnology and pharmaceutical companies is fueling the need for advanced filtration techniques. Also, growing investment in research and development is driving advancements in filtration technologies and processes. Furthermore, developed frameworks are promoting the adoption of compliant and reliable filtration techniques. The key players profiled in the region include Merck KGaA (MilliporeSigma), Pall Corporation, Thermo Fisher Scientific, Sartorius AG, GE Healthcare Life Sciences, Repligen Corporation, and more.
Asia-Pacific is the fastest-growing region in the global tangential flow filtration market due to the speedy biopharmaceutical growth, heavy investments in biotechnology, and progressing markets. The highly and speedily progressing biopharmaceutical industry with rising demand for biosimilars and biologics is notably impacting the market growth in the region. Increasing investments in healthcare and biotechnology is also driving the adoption of tangential flow filtration. Progressing economies in the region in nations like China, India, and Japan are increasing their manufacturing competencies and infrastructural development. In addition, the market growth is fueled by ongoing advancements in filtration processes and technologies that improve effectiveness and efficiency.
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Tangential Flow Filtration Market Drivers
Improvements in Filtration Technology
Rise of Biopharmaceutical Industry
Restraints
High Capital and Operation Complexity
Low Adoption and Regulatory Challenges
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As a result of its advantages and swift adoption by bio-manufacturers, the industry has been expanding without end for the past few years. Key companies in the TFF market now have worthwhile chances thanks to the rising application in domains like immunology, microbiology, and protein purification procedures. A large product line of filtering products for a variety of applications has also led to considerable income generating. Players use a variety of strategic efforts, including alliances, acquisitions, new product launches, and collaborations, to achieve a competitive advantage.
For instance, Solaris Biotechnology Srl, a producer of bioprocessing equipment with headquarters in Italy, was purchased by Donaldson Company, Inc. in 2021 for USD 40.3 million (EUR 41 million). Since Solaris's portfolio comprised bioreactors, TFF structures, and fermenters, the acquisition increased the company's access to clients in the biopharmaceutical and life science industries. These business initiatives will expand the product line, increase the use of TFF goods in bioprocessing operations, or raise market rivalry, all of which will move the market forward.
Tangential Flow Filtration Market Top Player’s Company Profiles
Tangential Flow Filtration Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the tangential flow filtration market is considerably progressing due to rising demand for single-use systems, better flexibility and scalability, increasing global health awareness, and progressing markets. In addition, the growing emphasis on research and development for novel therapeutics is also impacting the growth of the market. However, the market is hampered by membrane fouling that reduces the efficiency of filtration, low awareness and adoption of TFF systems, and intensified market competition. North America is anticipated to lead the market due to the strong biopharmaceutical sector, developed regulatory framework, and rising demand for biologics. Nonetheless, a few opportunities for the growth of the tangential flow filtration market include the growing trend for personalized medicine, rising demand for vaccine production, and rising TFF incorporation with automated processes.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.10 Billion |
Market size value in 2031 | USD 5.61 Billion |
Growth Rate | 11.53% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Tangential Flow Filtration Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tangential Flow Filtration Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tangential Flow Filtration Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tangential Flow Filtration Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Report ID: SQMIG35H2128
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