Depth Filtration Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Depth Filtration Market Analysis
The depth filtration market is expected to register a CAGR of 8% during the forecast period. The impact of COVID-19 was adverse on the market owing to the cancellations in research and development activities of therapies and drugs for medical conditions other than COVID-19 and the supply chain of the pharmaceuticals, biopharmaceuticals, and medical devices around the world, which impacted the studied market. For instance, according to the August 2021 article published in the BioProcess International journal, the COVID-19 pandemic continued to impact biopharma supply chains. As per the article, the pandemic affected supply chains for 87% of respondents which was the same proportion as in 2020. However, the market started to gain traction as the research and development activities and supply chain of pharmaceuticals resumed. Thus COVID-19 pandemic impacted the studied market.
In addition, the increasing adoption of single-use technologies, low-cost and user-friendly, and rising research and development expenditure are actively affecting the growth of the studied market.
Single-use technologies are becoming more widely used in the bioprocessing industry, even with a long-standing demand for stainless steel, reusable devices in large-scale production remain largely unabated. For instance, according to an article titled, "Rise of Single-Use Bioprocessing Technologies: Dominating Most R&D and Clinical Manufacture" published in the American Pharmaceutical Review in February 2020, the annual growth rate of adoption of single-use bioreactors was around 11% in 2020. According to the same source, when adoption rates and the percentage of the industry using single-use (SUS) devices by stage of manufacture were compared, single-use bioreactors were discovered to be used by 71.2% of the industry in process development but only 36% in commercial production. Despite this, more than 55% use single-use sampling systems in clinical or commercial production, compared to only 28% in research and development. This reflects the relative advantages of using disposable versus reusable devices throughout the process stream. The advantage of single-use technologies is anticipated to augment the market growth.
With the rising investments by biotechnology and pharmaceutical companies in expanding their product lines and increasing their geographical reach in single-use technologies, the demand for depth filtration is increasing which is expected to augment the growth in the studied market. For instance, in July 2021 Cytiva and Pall Corporation invested USD 1.5 billion for the coming two years to meet the rising demand for biotechnology solutions, out of which over 300 million was to be used in single-use technologies including bioreactor bags for growing cells used to make personalized medicines and single-use filters to expand operations in the United States and the United Kingdom.
Therefore, owing to the abovementioned factors, the studied market is anticipated to witness growth over the analysis period. However, high capital investment is likely to impede the market growth.
Depth Filtration Market Trends
This section covers the major market trends shaping the Depth Filteration Market according to our research experts:
Cartridge Filters is Expected to Witness Growth Over The Forecast Period.
Cartridge Filters are estimated to witness growth in the future attributed to high dirt holding capacity, long service life, cost-effectiveness, reliability, and high performance. Cartridge filters are the tubular filtration equipment used across several industries for filtration such as starting from pre-filter for high purity water to final product processing and filtration of chemicals, As these filters are very effective against small contaminants which results in wide adoption in wastewater treatment.
Biopharmaceutical and pharmaceutical companies have boosted their research and development spending significantly. According to the Congressional Budget Office report published in April 2021, these companies spend over a quarter of their sales on research and development. The rising research by biopharma and pharmaceutical companies will likely lead to increased demand for cartridge filters to maintain accuracy and avoid infections, thereby expected to propel the segment's growth.
Additionally, the advancements in technology and increasing product approvals, along with partnerships by critical players are helping in the market growth. For instance, in October 2021, the Industrial Gas Filtration and Generation Division of Parker Hannifin Corporation launched two new aftermarket cartridge filters. The designed filters are intended to meet special applications to help customers improve their bottom line. These launches are predicted to boost the demand for cartridge filters and in turn projected to augment the segment growth.
North America is Expected Dominate the Depth Filtration Market Over The Forecast Period
North America is expected to dominate the market owing to factors such as the increasing number of pharmaceutical and biotechnology companies, rising concern regarding purification, quality, protection of contaminants, and growth in water filtration, filtration, food & beverage, and raw material purification products, the strong presence of industry players in the region.
According to National Center for Science and Engineering Statistics included in the National Science Foundation June 2022 report, the estimated investment in research and experimental development performed in the United States totaled for 2020, based on performer-reported expectations, was USD 708.0 billion. The high investment in the country is projected to augment the studied market in the region.
As per the Pharmaceutical Research and Manufacturers Association (PhRMA), United States companies conduct over half the world's research and development (R&D) in biopharmaceuticals which are ultimately propelling the growth of depth filtration as these processes are crucial in biopharmaceuticals as well as food & beverage, water purification and many more which further boost the overall market in this region. For instance, in February 2021, Hangzhou Sciwind Biosciences Co. Ltd (Sciwind), a clinical-stage fast-growing biopharmaceutical company, received USD 37 million Series B financing from LYFE Capital to accelerate research and development of innovative biologics in the therapeutic area of chronic metabolic and immunological diseases.
Also, in October 2021, the National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL) of the United States granted funding of USD 3 million for six new biopharmaceutical manufacturing products. The institute that will receive the financing includes North Carolina State University, the University of Massachusetts, the University of Georgia, the University of Michigan, the University of Delaware, and Carnegie Mellon University. The surge in regional research and development funding is likely to augment market growth.
Therefore, owing to the factors mentioned above, the growth of the studied market is anticipated in the North America Region.
Depth Filtration Industry Overview
The depth filtration market is slightly consolidated in nature due to the presence of a few companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known. Some of the key market players are Amazon Filters Ltd, 3M, Merck KGaA, PARKER HANNIFIN CORP, Sartorius AG, Eaton., FILTROX AG, and Danaher
Depth Filtration Market Leaders
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Amazon Filters Ltd
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3M
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Merck KGaA
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PARKER HANNIFIN CORP
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Sartorius AG
*Disclaimer: Major Players sorted in no particular order
Depth Filtration Market News
- In September 2022, Industrial Sonomechanics, LLC (ISM) launched a large-capacity in-line cartridge filter for nanoemulsions. The new products are anticipated to increase the efficiency of the nanoemulsion production process and decrease the associated cost.
- In April 2022, Merck announced investing approximately EUR 100 million to expand its first Asia-Pacific Mobius single-use manufacturing center in China.
Depth Filtration Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increasing Adoption of Single-Use Technologies
- 4.2.2 Low Cost and User Friendly
- 4.2.3 Increasing R&D Expenditure
-
4.3 Market Restraints
- 4.3.1 High Capital Investment
-
4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
-
5.1 By Media Type
- 5.1.1 Activated Carbon
- 5.1.2 Diatomaceous Earth
- 5.1.3 Cellulose
- 5.1.4 Perlite
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5.2 By Product
- 5.2.1 Cartridge Filters
- 5.2.2 Capsule Filters
- 5.2.3 Others
-
5.3 By Application
- 5.3.1 Final Product Processing
- 5.3.2 Cell Clarification
- 5.3.3 Raw Material Filteration
- 5.3.4 Blood Separation
- 5.3.5 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Amazon Filters Ltd
- 6.1.2 3M
- 6.1.3 Merck KGaA
- 6.1.4 PARKER HANNIFIN CORP
- 6.1.5 Sartorius AG
- 6.1.6 Eaton.
- 6.1.7 FILTROX AG
- 6.1.8 Danaher Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Depth Filtration Industry Segmentation
As per the scope of the report, depth filtration is a vital process in several areas such as microbial filtration, small molecule processing, biologic processing, blood separation and many more for separating the suspended particle in the given medium. The Depth Filtration Market is Segmented by Media Type (Activated Carbon, Diatomaceous Earth, Cellulose, and Perlite), Product (Cartridge Filters, Capsule Filters, and Others), Application (Final Product Processing, Cell Clarification, Raw Material Filteration, Blood Separation, Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Media Type | Activated Carbon | |
| Diatomaceous Earth | ||
| Cellulose | ||
| Perlite | ||
| By Product | Cartridge Filters | |
| Capsule Filters | ||
| Others | ||
| By Application | Final Product Processing | |
| Cell Clarification | ||
| Raw Material Filteration | ||
| Blood Separation | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Depth Filtration Market Research FAQs
What is the current Global Depth Filtration Market size?
The Global Depth Filtration Market is projected to register a CAGR of 8% during the forecast period (2024-2029)
Who are the key players in Global Depth Filtration Market?
Amazon Filters Ltd, 3M, Merck KGaA, PARKER HANNIFIN CORP and Sartorius AG are the major companies operating in the Global Depth Filtration Market.
Which is the fastest growing region in Global Depth Filtration Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Depth Filtration Market?
In 2024, the North America accounts for the largest market share in Global Depth Filtration Market.
What years does this Global Depth Filtration Market cover?
The report covers the Global Depth Filtration Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Depth Filtration Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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