Report ID: SQMIG35H2128
Report ID:
SQMIG35H2128 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
121 |
Figures:
77
Tangential Flow Filtration Market size was valued at USD 2.34 Billion in 2023 and is poised to grow from USD 2.61 Billion in 2024 to USD 6.26 Billion by 2032, growing at a CAGR of 11.53% during the forecast period (2025-2032).
Tangential flow filtration market is a vital segment belonging to the biotechnology and bioprocessing industries. The tangential flow filtration industry 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 growth, 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 tangential flow filtration 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.
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Report ID: SQMIG35H2128