As Per the Research Report, the Size of the Latin America Pharmaceutical Membrane Filtration Market is valued at USD 1.15 billion in 2023 and is projected to grow at a CAGR of 9.1% to reach USD 1.77 billion by 2028 during the forecast period 2023 to 2028.
All industrial approaches for the passage of substances between two segments using permeable membranes is covered by membrane technology. Generally, membrane technology is used in machine-driven separation processes for separating gaseous or liquid streams. Membrane separation processes use less energy than straight thermal separation processes such as distillation, sublimation or crystallization since they function without heating. Both segments (permeate and retentate) can be used for separation which is purely physical.
Widescale adoption of the nanofiltration technology, steadily growing biopharmaceutical industry, as well as rapid development in generics production are the attributable causes driving this market. Stringent regulatory requirements and rising prices are hindering the growth of this market.
This research report on the Latin America Pharmaceutical Membrane Filtration Market has been segmented and sub-segmented into the following categories
On the basis of product, the MCE membrane filters category is estimated to account for the biggest market share in 2022. This is majorly attributed to the high adoption rate of membrane filtration products.
On the basis of technique, the microfiltration category is estimated to grow at the highest CAGR during the aforementioned forecast period. This can be attributed to the high rates of production of pharmaceutical products and drugs.
On the basis of application, the final product processing category is estimated to grow at the highest rate during the aforementioned forecast period.
Top Companies leading the Latin America Pharmaceutical Membrane Filtration Market profiled in this report are Merck KGaA (Germany), General Healthcare Company (U.K.), Pall Corporation (U.S.), Sartorius Stedim Biotech Group (France), Alfa Laval (Sweden), Graver Technologies, LLC (U.S.), Koch Membrane Systems Inc. (U.S.), GEA Group (Germany), and Novasep (U.S.)
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