Tangential Flow Filtration Market To Hit $3,667.2 Million Revenue by 2030, says P&S Intelligence.
NEW YORK, June 6, 2022 –
According to the market research report published by P&S Intelligence, in 2021, the revenue of the tangential flow filtration market was $1,237.6 million, which is likely to progress at a 12.8% CAGR from 2021 to 2030 and reach $3,667.2 million. The evolution in the biopharmaceutical sector, chiefly the progress of biologics manufacturing and biosimilars development; augmenting investment in R&D, and the advantages tangential flow filtration offers compared to other processes are responsible for the growth of the market.
The usage of this technology received a boost during the epidemic as this technology is widely utilized in the manufacturing of vaccines. Furthermore, corporations have been increasing their production volumes to cater to the rising vaccine demand during the pandemic, which brought about the snowballing requirement for this technology. For instance, in the beginning of this year, Ardena announced strategies to increase its production of vaccines for COVID-19, using added tangential flow filtration and chromatography.
Membrane filters have the largest tangential flow filtration market share, of approximately 40%, because of their extensive use in the manufacturing of biologics and in laboratories. Further, of all membrane filters, polyethersulfone variants had a more than 50% share of the revenue in 2021. This is ascribed to the wider use of polyethersulfone membrane filters for the production of vaccines and separation of proteins.
Though, the requirement for single-use systems will grow at a compound annual growth rate in excess of 13%, as these variants help decrease water usage by over 70% and reduce labor costs by 50%. Furthermore, they are up to 40% more efficient and 30% more cost-effective than reusable systems.
Regional Analysis of Tangential Flow Filtration Market
- North America had an over 35% value share in the tangential flow filtration market in 2021, because of the increase in the acceptance of cutting-edge know-how by biomanufacturing businesses, existence of key biomanufacturing factories, and increase in new medicine development projects.
- The market share of the U.S. was the larger in the continent in the past. Furthermore, Canada is likely to witness momentous growth, in excess of 13.5%, in the years to come.
- The tangential flow filtration market of APAC is projected to grow the fastest, at a 13.1% CAGR from 2021 to 2030. This is attributed to the emergence of the region as a pharmaceutical center, with corporations expanding their bioprocessing footprint in regional nations.
Browse detailed report on Global Tangential Flow Filtration Market Size, Growth and Development Forecast To 2030
Biotechnology businesses have been investing in R&D and gaining patents for the same. In the past two decades, worldwide R&D spending in the industry has augmented by over 12%. For example, in May 2019, Repligen Corporation filed a patent for tangential flow depth filtration (TFDF) systems exhibiting reduced fouling features, better filter fluxes and process capacities, and optionally using a tubular depth filter. Similarly, in November 2019, the corporation applied for a patent for tangential flow filtration systems using flexible bags for the collection of permeates.
Tangential Flow Filtration Market Segmentation Analysis
By Product Type
- Single-Use Tangential Flow Filtration Systems
- Reusable Tangential Flow Filtration Systems
- Filtration Accessories
- Membrane Filters
- Regenerated cellulose
- Reverse Osmosis and Nanofiltration
By End User
- Pharmaceutical and Biotechnological Companies
- Academic and Research Institutes
- Contract Research Organizations
- North America
- South Korea
- Latin America
- Middle East and Africa
- South Africa