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Tangential Flow Filtration Market to Reach $3.6 Billion

The global tangential flow filtration market is poised to reach $3.6 billion by 2028, growing at a CAGR of 13.5%

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The global Tangential Flow Filtration Market in terms of revenue was estimated to be worth $1.9 billion in 2023 and is poised to reach $3.6 billion by 2028, growing at a CAGR of 13.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The TFF market is expected to have a growth rate of 13.5% during 2023-2028. Increasing benefits over normal flow filtration, the introduction of single-use technologies, adoption of gamp guidelines, increasing investment by pharmaceutical companies, growing biopharmaceutical industries are some of the factors that will accelerate the growth of the Tangential Flow Filtration Market in the forecast period.

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In 2022, the systems segment accounted for the largest share of the product segment in the Tangential Flow filtration market.

On the basis of products, the tangential flow filtration market is segmented into systems, membrane filters, and other tff products. In 2022, the systems segment accounted for the largest share of the market and is expected to grow at the highest CAGR during 2023-2028. Tangential filtration systems consist of automated and mechanical filtration systems. These systems provide maximum operational reliability. Some of the benefits associated with these systems include a high retention rate, less consumption of energy, low cost, and reduced cross-contamination risk. With the help of such systems, pharmaceutical companies can achieve the highest quality products. The systems segment is further segmented into single-use and reusable systems. Single-use systems are gaining importance in separation and purification applications. Developments in research techniques and increased demand for more specificity in the filtration process are increasing the adoption of single-use technologies in many small-scale biopharmaceutical processes.

In 2022, the microfiltration segment accounted for the largest share of the technique segment in the Tangential Flow filtration market.

On the basis of technique, the tangential flow filtration market is segmented into microfiltration, ultrafiltration, nanofiltration, and other techniques. In 2022, the microfiltration segment accounted for the largest market share. The filters used in this technique can be in a submerged configuration or a pressure vessel configuration; they can be hollow fibers, flat, sheet, tubular, or spiral.

In 2022, the Asia Pacific region is the fastest-growing region of the Tangential Flow filtration market.

The tangential flow filtration market is divided into five regions including, North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The Asia Pacific market is expected to register the highest CAGR during 2023-2028. Factors responsiblr for the growth includes, unique industry dynamics accompanied by a highly competitive landscape owing to its complex and diverse regulatory landscape and varying pharma industry infrastructures across each country, impacting innovation in each country.

Tangential Flow Filtration Market Dynamics:

Drivers:

  1. Growing advantages of tangential flow filtration over normal flow filtration
  2. Rising R&D spending in pharmaceutical & biotechnology industries
  3. Increasing adoption of single-use technologies
  4. Increased adoption of Good Automated Manufacturing Practice (GAMP)

Restraints:

  1. High capital investments for new production facilities to limit the entry of small players

Opportunities:

  1. Emerging economies offer lucrative growth opportunities
  2. Rising therapeutic applications of recombinant proteins

Challenges:

  1. Increased complexities introduced by the interaction of charged excipients and proteins to restrict the market growth
  2. Difficulty in the survival of small players and new entrants

Key Market Players:

Key players in the Market include Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), Parker Hannifin Corporation (US), Repligen Corporation (US), Alfa Laval Corporate AB (Sweden), ANDRITZ (Austria) & Others

Recent Developments:

  • In May 2022, Merck KGaA invested over USD 476.7 million to expand its membrane and filtration manufacturing in Ireland.
  • In December 2021, Repligen Corporation acquired Bioflex Solutions, which offers single-use fluid management products.
  • In June 2021, Repligen Corporation signed an agreement to acquire Polymem, which offers hollow-fiber membranes and modules.
  • In March 2021, Pall Corporation acquired Austar Lifesciences Limited. The acquisition aimed to expand the company’s capacity to support single-use technology.

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Related Articles & News:

https://www.marketsandmarkets.com/Market-Reports/tangential-flow-filtration-market-72081607.html

https://www.marketsandmarkets.com/PressReleases/tangential-flow-filtration.asp

https://www.prnewswire.com/news-releases/tangential-flow-filtration-market-worth-3-6-billion–marketsandmarkets-301831872.html

https://www.linkedin.com/pulse/tangential-flow-filtration-market-size-trends-regional-mayuri-lamba-roqtf

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 
Email: [email protected]

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