Global Membrane Filters Market Size

Membrane Filters Market Analysis

The Membrane Filters Market is poised to grow at a CAGR of 8.8% during the forecast period (2022 - 2027).

The outbreak of COVID-19 worldwide has a significant impact on the market because sterilization or filtration is crucial for the removal of all microbes, such as bacteria, fungi, viruses, and protozoa, which may contaminate medicinal drugs, vaccines, or alternative substances, chemicals, food, and other products and thereby, represent health hazards. For instance, according to an article published in December 2020 titled Primary concentration - The critical step in implementing the wastewater-based epidemiology for the COVID-19 pandemic: A mini-review'', the COVID-19 pandemic outbreak, the wastewater-based epidemiology has attracted a significant amount of attention to quantifying the SARS-CoV-2 virus RNA in wastewater samples, and then utilizing this knowledge to estimate the prevalence of infection. It has been observed that various techniques including ultrafiltration are efficient in filtering viruses from a water sample and can effectively prevent fouling due to the rapid, tangentially directed crossflow. Thus, COVID-19 has impacted the market growth.

Certain factors that are propelling the market growth are the increasing awareness and regulations for water safety and filtration and the launch of new transforming and innovative technologies. For instance, the Department of Science & Technology (DST) initiatives encourage national and cooperative developmental research to solve current and future water concerns. Also, the Water Technology Initiative encourages research and development (R&D) activities for the provision of clean drinking water at reasonable costs and in sufficient quantities by utilizing relevant scientific and technological interventions developed through regional initiatives. Similarly, the Natural Environment Research Council (NERC), the Engineering and Physical Sciences Research Council (EPSRC), and the Department of Science and Technology (DST) of India collaborated on a joint program on water quality (worth EUR 8.4 million) to better understand the transport, transformation, interactions, and fate of natural and man-made pollutants in the environment and assess the risks they pose to people and the environment. Such initiatives by the government and the countries are also contributing to market growth.

With the increasing pharmaceutical spending on research and development, adoption of various business strategies, and advanced technology, and the advantages offered by the membrane filters such as high percentage of contaminant removal, increased efficiency, ease of operation, and reliability, membrane filters methods are being increasingly adopted in the pharmaceutical industry, boosting market growth over the forecast period. According to the data published by the Congressional Budget Office, in 2021, it has been observed that pharmaceutical industries have spent nearly USD 200 billion on research and development in 2020 globally compared to USD 83 million in 2019. Thus, the increasing investment in research and development by the companies further increases the capabilities of the company to adopt innovative technologies and filtration systems, thereby increasing market growth.

Furthermore, the rising company activities in adopting and utilizing membrane-based technologies and increasing product launches are also contributing to market growth. For instance, in October 2020, Merck KGaA increased the production capacity of Millipore Express membranes. This helps help the company to meet the increasing demand in the growing biopharmaceutical market. Also, in December 2020, Xiaomi launched a Xiaolang Ultrafiltration Water Purifier for JPY 499 (USD 76). The product was developed with an ultrafiltration membrane which uses a high-efficiency hollow fiber membrane as the core filter layer. The filter layer has a filtration accuracy of 01. um and can successfully filter out harmful contaminants from the water, get rid of odors, and enhance the taste.

However, the stringent government regulation for the validation of the filtration process and membrane fouling degrading filtration efficiency are expected to hinder market growth.