Pharmaceutical Membrane Filtration Market Worth 6.20 Billion USD by 2021

PUNE, India, January 25, 2017 /PRNewswire/ --

According to a new market research report "Pharmaceutical Membrane Filtration Market by Product (MCE, Coated Cellulose Acetate, Nylon, PVDF Membrane), Technique (Microfiltration, Ultra Filtration, Nanofiltration), Application (Final Product, Raw Material) - Global Forecast to 2021" published by MarketsandMarkets, the market is expected to reach USD 6.20 Billion by 2021 from USD 3.55 Billion in 2016, at a CAGR of 11.8% from 2016 to 2021.

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Browse 65 market data Tables and 35 Figures spread through 139 Pages and in-depth TOC on "Pharmaceutical Membrane Filtration Market"

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This report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global Pharmaceutical Membrane Filtration Market along with the estimates and forecasts of the revenue and market share analysis. Factors such as growth in the biopharmaceutical industry and rapid growth in generic drug production are driving the growth of this market. In this report, the global Pharmaceutical Membrane Filtration Market has been segmented based on product, technique, application, and region. On the basis of product, the market has been segmented into MCE membrane filters, coated cellulose acetate membrane filters, nylon membrane filters, PTFE membrane filters, PVDF membrane filters, and other membrane filters. The MCE membrane filters segment is expected to account for the largest share of the market in 2016. The high growth in this segment is primarily attributed to the high adoption rate of membrane filtration products.

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Based on technique, the Pharmaceutical Membrane Filtration Market has been segmented into microfiltration, ultrafiltration, crossfiltration, nanofiltration, reverse osmosis, and ion exchange. The microfiltration segment is projected to witness the highest CAGR during the forecast period. This growth can be attributed to the high production of pharmaceutical products and drugs.