CHICAGO, Feb. 14, 2019 /PRNewswire/ -- 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.
Don't miss out on business opportunities in Filter Integrity Test Market
The growth of the global Filter Integrity Test Market is mainly driven by the increasing R&D spending across the globe, growth in the biopharmaceutical industry, and increasing purity requirements.
The liquid filter integrity test segment accounted for the largest share of the global Filter Integrity Test Market in 2018.
On the basis of filter type, the Filter Integrity Test Market is segmented into liquid and air filter integrity tests. The liquid filter integrity test segment accounted for the largest market share in 2018. The liquid filter integrity test method includes bubble point and diffusive flow tests. This testing method is correlated to a liquid bacteria challenge test, and the correlation verifies the integrity test limits the filters have to pass. Liquid integrity tests can be used on both hydrophobic and hydrophilic membrane filters used to sterilize liquid pharmaceutical and biopharmaceutical products.
Browse in-depth TOC on "Filter Integrity Test Market"
80 - Tables
27 - Figures
106 - Pages
Get 10% Free Customization on this Report:
Pharmaceutical and biopharmaceutical companies are the largest end users of the Filter Integrity Test Market.
Based on end user, the global Filter Integrity Test Market is segmented into pharmaceutical and biopharmaceutical companies, contract manufacturing organizations (CMOs), and other end users (academics and research institutes). The pharmaceutical and biopharmaceutical companies segment accounted for the largest market share in 2018. The presence of stringent government guidelines for purity requirements in pharma and biotech manufacturing is a major factor driving the growth of this end-user segment.
Asia Pacific is projected to witness the highest growth in the Filter Integrity Test Market during the forecast period.
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.
Inquiry Before Buying:
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).
Browse Adjacent Markets: Biotechnology Market Research Reports & Consulting
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/filter-integrity-test-market.asp
Visit Our Website: https://www.marketsandmarkets.com