According to the new market research report "Filter Integrity Test Market by Test Type (Bubble Point, Diffusion, Water Flow), Mechanism (Manual, Automation), Filter Type (Air, Liquid), End User (Biopharmaceutical Companies, Contract Manufacturing Organizations, Academics) - Global Forecast to 2024", published by MarketsandMarkets™, the market for Filter Integrity Test 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.
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Browse in-depth TOC on "Filter Integrity Test Market"
80 – Tables
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106 – Pages
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. The growth of this market is mainly driven by increasing R&D spending globally, growth of the biopharmaceutical industry and increasing purity requirements.
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 (China).
Sartorius is one of the leading players in the filter integrity test market. The company has a wide range of product offerings, which include filter integrity tests, transfer equipment, bottles, and bags.
- Thermo Fisher Scientific opened the new Bioprocess Design Center in Shanghai, China to connect and collaborate with biologic developers to design bioprocessing solutions.
- Merck opened a new manufacturing and distribution center for its life science business in Mumbai, India to increase its gross domestic product storage and meet future bioproduction demand.
- Thermo Fisher Scientific acquired the Advanced Bioprocessing business from Becton, Dickinson and Company. With this acquisition, the company expanded its product portfolio of life sciences solutions.
The MnM report throws light on an inclusive segmental analysis of the global Genotyping Assay market based on Test Typ and Application.
By type, the diffusion test segment to register the highest growth rate in the filter integrity test market during the forecast period.
Pharmaceutical and biopharmaceutical companies are the largest and fastest-growing end users of the filter integrity test market.
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The Asia Pacific filter integrity test market, particularly in China, Japan, India, and South Korea, is expected to witness high growth in the coming years. Growth in these markets will be fueled by factors such as significant investments by key market players, increasing government support, developing R&D infrastructure, increasing outsourcing, and growing expertise and academic excellence.
Moreover, China, India, and South Korea have emerged as important players in the global pharmaceutical R&D sector.