[ad_2]
NEW YORK, June 6, 2022 /PRNewswire/ — According to the market research report published by P&S Intelligence, in 2021, the revenue of the tangential flow filtration market was $1,237.6 million, which is likely to progress at a 12.8% CAGR from 2021 to 2030 and reach $3,667.2 million. The evolution in the biopharmaceutical sector, chiefly the progress of biologics manufacturing and biosimilars development; augmenting investment in R&D, and the advantages tangential flow filtration offers compared to other processes are responsible for the growth of the market.
The usage of this technology received a boost during the epidemic as this technology is widely utilized in the manufacturing of vaccines. Furthermore, corporations have been increasing their production volumes to cater to the rising vaccine demand during the pandemic, which brought about the snowballing requirement for this technology. For instance, in the beginning of this year, Ardena announced strategies to increase its production of vaccines for COVID-19, using added tangential flow filtration and chromatography.
Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/tangential-flow-filtration-market/report-sample
Membrane filters have the largest tangential flow filtration market share, of approximately 40%, because of their extensive use in the manufacturing of biologics and in laboratories. Further, of all membrane filters, polyethersulfone variants had a more than 50% share of the revenue in 2021. This is ascribed to the wider use of polyethersulfone membrane filters for the production of vaccines and separation of proteins.
Though, the requirement for single-use systems will grow at a compound annual growth rate in excess of 13%, as these variants help decrease water usage by over 70% and reduce labor costs by 50%. Furthermore, they are up to 40% more efficient and 30% more cost-effective than reusable systems.
Regional Analysis of Tangential Flow Filtration Market
Browse detailed report on Global Tangential Flow Filtration Market Size, Growth and Development Forecast To 2030
Biotechnology businesses have been investing in R&D and gaining patents for the same. In the past two decades, worldwide R&D spending in the industry has augmented by over 12%. For example, in May 2019, Repligen Corporation filed a patent for tangential flow depth filtration (TFDF) systems exhibiting reduced fouling features, better filter fluxes and process capacities, and optionally using a tubular depth filter. Similarly, in November 2019, the corporation applied for a patent for tangential flow filtration systems using flexible bags for the collection of permeates.
Tangential Flow Filtration Market Segmentation Analysis
By Product Type
By Technology
By End User
Regional Outlook
Browse Other Reports Published by P&S
Global Microfiltration Membrane Market Size, Trends, and Demand Analysis
Global Pharmaceutical Filtration Market Size, Trends, and Demand Analysis
Global Laboratory Filtration Market Size, Trends, and Demand Analysis
Global Pharmaceutical Membrane Technology Market Size, Trends, and Demand Analysis
Global Protein Extracts from Single Cell Protein Sources Market Size, Trends, and Demand Analysis
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Contact:
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter
Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg
Source link
[ad_2]
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.
[ad_2]
[ad_1] Nørresundby, 26 April 2024Announcement no. 23/2024 The Board of Directors of RTX has, cf. company announcement no. 20/2023 dated…
[ad_1] Gyroscope Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Gyroscope Global…
[ad_1] ODISHA, India, and LOS ANGELES, Calif., April 25, 2024 (SEND2PRESS NEWSWIRE) — In the 1880s, to call attention to…
In support of Hong Kong's new mega tourism and commerce drive, Alipay+ now enables users of 14 leading overseas mobile…
[ad_2] TOKYO, April 26, 2024 /PRNewswire/ -- KLab Inc. announced that its hit 3D action game Bleach: Brave Souls has…
[ad_1] CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC)…