U.S. Pharmaceutical Filtration Market Trends
The U.S. pharmaceutical filtration market size was estimated at USD 4.72 billion in 2023 and is expected to grow a CAGR of 5.62% from 2024 to 2030. This growth is attributed to several factors such as advancements in technology for pharmaceutical filtration products in biopharmaceutical and pharmaceutical sectors, and increasing government initiatives that promote R&D in healthcare. Furthermore, presence of large dominant pharmaceutical and biopharmaceutical companies in the country is significantly contributing to the market growth.
Market Concentration & Characteristics
The pharmaceutical filtration market is consolidated and competitive with several big players offering a range of filtration technologies. In order to improve their product portfolio and gain a competitive edge, market players are also actively involved in a variety of strategic initiatives, such as the introduction of new products/ services, collaborations, partnerships, mergers & acquisitions, and geographic expansion.
Key U.S. Pharmaceutical Filtration Company Insights
Some prominent U.S. pharmaceutical filtration market companies include Eaton, Merck KGaA, Amazon Filters Ltd., Thermo Fisher Scientific Inc., and Parker Hannifin Corp. Rising pharmaceutical filtrations demand for several numbers of applications is leading to numerous opportunities for major players to capitalize on, in the market.
Key market players are participating in strategic initiatives such as M&A activities, research and development, collaborations, and geographical expansion to maximize their market share. Competitive rivalry in this market is likely to remain high due to the presence of these strong players. Furthermore, several companies commercialized and developed innovative filtration solutions that gained a competitive advantage in the market.
Key U.S. Pharmaceutical Filtration Companies:
- Eaton.
- Merck KGaA
- Amazon Filters Ltd.
- Thermo Fisher Scientific Inc.
- Parker Hannifin Corp.
- 3M
- Sartorius AG.
- Graver Technologies
- Danaher.
- Meissner Filtration Products, Inc
Recent Developments
- In January 2023, RoosterBio Inc., and Sartorius AG entered into a collaboration in which Sartorius AG was intended to provide different forms of filtration products for exosomes. This collaboration aimed to offer purification solutions and the establishment of extensive downstream manufacturing processes for therapies based on exosomes.
- In September 2022, Pall Corporation announced the introduction of three new Allegro Connect systems to their single-use filter system portfolio which is aimed to enhance the automation control and provide value to the pharmaceutical production of therapeutic vaccines and drugs.
