Global Depth Filtration Market Size

Depth Filteration Market Analysis

The depth filtration market is expected to register a CAGR of 8% during the forecast period. The impact of COVID-19 was adverse on the market owing to the cancellations in research and development activities of therapies and drugs for medical conditions other than COVID-19 and the supply chain of the pharmaceuticals, biopharmaceuticals, and medical devices around the world, which impacted the studied market. For instance, according to the August 2021 article published in the BioProcess International journal, the COVID-19 pandemic continued to impact biopharma supply chains. As per the article, the pandemic affected supply chains for 87% of respondents which was the same proportion as in 2020. However, the market started to gain traction as the research and development activities and supply chain of pharmaceuticals resumed. Thus COVID-19 pandemic impacted the studied market.

In addition, the increasing adoption of single-use technologies, low-cost and user-friendly, and rising research and development expenditure are actively affecting the growth of the studied market.

Single-use technologies are becoming more widely used in the bioprocessing industry, even with a long-standing demand for stainless steel, reusable devices in large-scale production remain largely unabated. For instance, according to an article titled, "Rise of Single-Use Bioprocessing Technologies: Dominating Most R&D and Clinical Manufacture" published in the American Pharmaceutical Review in February 2020, the annual growth rate of adoption of single-use bioreactors was around 11% in 2020. According to the same source, when adoption rates and the percentage of the industry using single-use (SUS) devices by stage of manufacture were compared, single-use bioreactors were discovered to be used by 71.2% of the industry in process development but only 36% in commercial production. Despite this, more than 55% use single-use sampling systems in clinical or commercial production, compared to only 28% in research and development. This reflects the relative advantages of using disposable versus reusable devices throughout the process stream. The advantage of single-use technologies is anticipated to augment the market growth.

With the rising investments by biotechnology and pharmaceutical companies in expanding their product lines and increasing their geographical reach in single-use technologies, the demand for depth filtration is increasing which is expected to augment the growth in the studied market. For instance, in July 2021 Cytiva and Pall Corporation invested USD 1.5 billion for the coming two years to meet the rising demand for biotechnology solutions, out of which over 300 million was to be used in single-use technologies including bioreactor bags for growing cells used to make personalized medicines and single-use filters to expand operations in the United States and the United Kingdom.

Therefore, owing to the abovementioned factors, the studied market is anticipated to witness growth over the analysis period. However, high capital investment is likely to impede the market growth.