Major Growth Drivers:
Factors such as increasing R&D spending, growth in the biopharmaceutical industry, and increasing purity requirements in the end-user market are driving the growth of the market.
Expected Revenue Growth:
[106 Pages Report] The filter integrity test market is projected to reach USD 79 million by 2024 from USD 59 million in 2018, at a CAGR of 5.0% during the forecast period.
The filter integrity test market comprises several stakeholders such as raw material suppliers, manufacturers of filter integrity test, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in research laboratories, academic institutes, and pharmaceutical & biotechnology companies.
Browse in-depth TOC on “Filter Integrity Test Market“
80 – Tables
27 – Figures
106 – Pages
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Pharmaceutical and biopharmaceutical companies are the largest and fastest-growing end users of the filter integrity test market.
Based on end user, the filter integrity test market is segmented into pharmaceutical and biopharmaceutical companies, CMOs, and other end users. In 2018, the pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the market. This segment is also expected to witness the highest growth during the forecast period owing to the growing biopharmaceutical industry, significant growth in the biologics market, and stringent government guidelines for purity requirements in pharmaceutical and biotechnology manufacturing.
Regional Growth Analysis:
The market is divided into four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2018, North America accounted for the largest share of the market, followed by Europe. The increasing demand for biopharmaceuticals and implementation of drug safety guidelines by the FDA are the major factors driving the growth of the filter integrity test industry in North America.
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Key Market Players
The major players in the filter integrity test market are Merck KGaA (Germany), Danaher Corporation/Pall Corporation (US), Sartorius (Germany), Donaldson Company (US), Parker Hannifin Corporation (US), Meissner Filtration Product (US), MDI Filtration Technologies (US), Thermo Fisher Scientific (US), Eaton Corporation (Ireland), and SH-Surway (NASDAQ:CHINA).