Latin America Pharmaceutical Filtration Market to grow at a CAGR of 7.6% during 2016 to 2021| Market Data Forecast

Latin America Pharmaceutical Filtration Market was worth USD 1.37 billion in 2016 and estimated to be growing at a CAGR of 7.6%, to reach USD 1.97 billion by 2021. The market is expected to expand at a fast rate during the forecast period.  The process that helps separate suspended particles from a medium by passing them through a membrane is known as filtration. Filtration is a physical techniques employed in various fields including the pharmaceutical industry. It is one of the important processes adopted in the pharmaceutical industry. The filtration process can also be combined with other operations. It is different from sieving, where separation is carried out using a single perforated layer. This is unlike filtration, where multi-layer lattice is generally used. This technique is used in many processes such as air filtration, bulk and solvent filtration, and water filtration.

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Stringent regulations regarding the cleanliness requirements, discovery of various large molecules, and increased production of vaccines due to rising cases of dengue, malaria and chikangunya are driving the market. Increase in R&D funding, technological advancement in filtration techniques, and growth in the generic drugs market are also boosting the market. However, large capital requirement, and strict validation and qualification procedures in different countries are expected to hamper the pharmaceutical filtration market during the forecast period.

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Latin America market for Pharmaceutical Filtration is segmented by product, technique, application and scale of operation. By product, it is further segmented into Membrane filters (MCE membrane filters, coated cellulose acetate membrane filters, nylon membrane filters, PTFE membrane filters, PVDF membrane filters and other membrane filters) , Prefilters and Depth media filters( Glass fibre filters, PTFE fibre filters) , Single use systems, Cartridge& Capsule filters, Filter holders, filtration accessories and other products. The membrane filters segment accounted for the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period. By technique it is further classified into Microfiltration, Ultra filtration, Nanofiltration and other techniques. The microfiltration segment dominates the market due to its various applications like removal of bacteria and removal of unwanted suspensions. By application, it is further classified into Final product processing (API Filtration, Sterile filtration, Protein purification, Vaccine and antibody processing, formulation and filling solution filtration and viral clearance), Raw material filtration (Media and buffer filtration, prefiltration and bio burden testing), Cell separation, Water purification and Air purification. The final product processing segment is expected to register the highest CAGR during the forecast period. By scale of operation it is segmented into Manufacturing scale, Pilot scale and R&D sector. The manufacturing scale segment is expected to register the highest growth during the forecast period. The high growth can be attributed to the growth in the biopharmaceutical industry.  The market is analysed under various regions namely- Brazil, Argentina, Mexico and rest of Latin America.  This region has a steady market growth potential.

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Some of the major companies dominating the market are Merck KGaA, Pall Corporation, GE Healthcare, 3M Company, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., Eaton Corporation PLC, Graver Technologies, LLC, Amazon Filters Ltd. and Meissner Filtration Products, Inc.

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