Product ID: SQMIG35H2128
Report ID:
SQMIG35H2128 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
121 |
Figures:
77
Global Tangential Flow Filtration Market size was valued at USD 2.10 Billion in 2022 and is poised to grow from USD 2.34 Billion in 2023 to USD 5.61 Billion by 2031, at a CAGR of 11.53% during the forecast period (2024-2031).
Tangential flow filtration technology is growing in popularity to meet the increased demand for biopharmaceuticals for the management of different diseases and degenerative diseases including diabetes, cancer, & rheumatoid arthritis. This trend is the primary factor driving the market. Tangential flow filtration's (TFF) advantages, such as its high performance & reproducible operations, as well as companies increasing involvement in the creation of fresh TFF products, are also having an effect on the market's growth.
Additionally, ongoing industry expenditures and encouraging government initiatives have led to facility expansions and active R&D for the creation of new tools and technologies that are used in the production of biopharmaceuticals. The mass manufacture of the COVID-19 vaccine and the rising demand for biopharmaceuticals have opened up a slew of new options for major firms. Additionally, the utilization of single-use TFF equipment among end-users has increased due to the growing acceptance of single-use biological processing equipment for the production of biopharmaceuticals. To address the rising demand for single-use technology required for the production of the COVID-19 vaccine, for instance, Pall Corporation invested a total of USD 114 million.
The additional advantages of TFF above traditional flow filtration add to the high utilization rate and continue to drive the market growth. A few benefits of TFF systems include increased flow rate, reduced product build-up, removing filter aids, simplified cleaning, and filter replacement. Additionally, because TFF is a continuous filtering process, it takes less time to run and is now automated thanks to technology improvements. Automated filtering systems extend the process's resilience and productivity by decreasing fouling of the membrane, which eventually lengthens the membrane's shelf life. These advantages have led to the use of TFF systems in the production of biopharmaceuticals. Several firms have also improved their marketplace presence and created cutting-edge technology. For instance, Repligen Corporation received a patent in 2021 for their Tangential Flow Depth Filtering (TFDF) filter, which offers a one-use solution with little hold-up volume and lots of flux. Over the forecast period, such advancements and breakthroughs in this field are anticipated to fuel industry expansion.
US Tangential Flow Filtration Market is poised to grow at sustainable CAGR for the next forecast year.
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Product ID: SQMIG35H2128