The Tangential Flow Filtration Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Tangential Flow Filtration Global Market Report 2024, The tangential flow filtration market size has grown rapidly in recent years. It will grow from $1.28 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to biopharmaceutical industry growth, rise in cell and gene therapy manufacturing, regulatory compliance, global economic conditions, healthcare expenditure, increased adoption in vaccine production, focus on drug safety and purity.
The tangential flow filtration market size is expected to see rapid growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to emergence of mrna vaccine production, increased use in exosome purification, expansion of cell culture-based production, focus on scalability and flexibility, enhancements in membrane chemistry, increasing application in nanoparticle separation.. Major trends in the forecast period include research and development activities, single-use systems, advanced membrane technologies, high-throughput screening, gene therapy and cell therapy, bioprocess intensification, technological integration, contract manufacturing organizations (cmos).
Rising research and development (R&D) spending in the pharmaceutical and biotechnology industries is expected to propel the growth of the tangential flow filtration market going forward. In the downstream processing of biopharmaceutical products, tangential flow filtration (TFF) is a frequent processing step in concentration and contains the ability processes. The rising R&D spending will aid the market growth. For instance, in February 2022, according to a report published by IQVIA, a US-based health information technology and clinical research company, venture capital deal activity and investment flows in the U.S. has accelerated in 2020 and 2021 as interest in life sciences intensified with more than 2,000 deals and $47 billion of deal value occurring in 2021. In addition, the 15 largest pharmaceutical companies invested a record $133 billion in 2021 in R&D expenditure, an increase of 44% since previous years. Hence, the increasing R&D spending is expected to generate demand for tangential flow filtration market in the forecast period.
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The tangential flow filtration market covered in this report is segmented –
1) Tangential Flow Filtration Market By Product: Reusable Systems, Single-use Systems, Membrane Filters
2) Tangential Flow Filtration Market By Technology: Ultrafiltration, Microfiltration, Reverse Osmosis
3) Tangential Flow Filtration Market By Application: Bioprocess Applications, Viral Vector, Vaccine Purification, Other Applications
Top Major Players
Technological advancements are a key trend gaining popularity in the tangential flow filtration market. Major companies operating in the tangential flow filtration market are focused on developing new technological solutions with larger flow rates and flexible across other elements. Such advancements enable key players to gain a competitive edge in the market. For instance, in September 2021, ABEC, a US-based engineered solutions and services for biotech manufacturing company launched its custom single run (CSR) tangential flow filtration (TFF) systems. The TFF system achieves flow rates greater than 240 liters per minute across cassette-type filter areas up to 40m2, effectively matching levels seen in stainless steel systems, tripling the levels currently available for single-use TFF, reducing process times to achieve high product concentrations, improving batch turnaround and productivity.
The tangential flow filtration market report table of contents includes:
1. Executive Summary
2. Tangential Flow Filtration Market Characteristics
3. Tangential Flow Filtration Market Trends And Strategies
4. Tangential Flow Filtration Market – Macro Economic Scenario
5. Global Tangential Flow Filtration Market Size and Growth
…..
31. Global Tangential Flow Filtration Market Competitive Benchmarking
32. Global Tangential Flow Filtration Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Tangential Flow Filtration Market
34. Tangential Flow Filtration Market Future Outlook and Potential Analysis
35. Appendix
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