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The tangential flow filtration market share is expected to increase by USD 693.87 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.72%.
This tangential flow filtration market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers tangential flow filtration market segmentations by product (single-use systems and reusable systems) and geography (North America, Europe, APAC, and Rest of World (ROW)). The tangential flow filtration market report also offers information on several market vendors, including Alfa Laval Corporate AB, Andritz AG, Cole Parmer Instrument Co. LLC, Danaher Corp., Donaldson Co. Inc., Evoqua Water Technologies LLC, GEA Group Aktiengesellschaft, General Electric Co., Koch Industries Inc., Merck KGaA, Novasep Holding SAS, OSMO Membrane Systems GmbH, Parker Hannifin Corp., PendoTECH, Repligen Corp., Sartorius AG, Synder Filtration Inc., TAMI Industries SAS, Thermo Fisher Scientific Inc., and Veolia Environment SA among others.
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The growing adoption in the biopharmaceutical sector is notably driving the tangential flow filtration market growth, although factors such as the high cost of tangential flow filtration systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tangential flow filtration industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Tangential Flow Filtration Market Driver
The growing adoption in the biopharmaceutical sector is one of the key drivers supporting the tangential flow filtration market growth. The biotechnology and pharmaceutical companies that are primarily involved in the discovery and development of drugs to treat prevalent and new diseases are increasingly opting for tangential flow filtration systems. Biotechnology companies significantly focus on studying nucleic acids and proteins for applications in improving human health. They are increasingly opting for tangential flow filtration systems that are required to carry out molecular biotechnology research. They research various fields such as molecular biology, microbiology, and others to understand human biology and develop novel medicines and effective treatments. Similarly, large pharmaceutical companies are also opting for tangential flow filtration systems for applications such as monoclonal antibodies, viral vector/gene therapy, and purification of protein-based COVID-19 vaccines. Such increasing adoption is driving the market growth.
Key Tangential Flow Filtration Market Trend
Strategic initiatives by market vendors is one of the key tangential flow filtration market trends that is contributing to the market growth. For instance, in 2020, Repligen Corporation completed three acquisitions, including Artesyn Biosolutions Ireland Ltd., Engineered Molding Technology (EMT), and Non-Metallic Solutions, Inc. (NMS), which further established Repligen as a provider of single-use tangential flow filtration systems. These acquisitions complement the company's pre-existing filtration systems offerings. The company has now included Artesyns single-use systems into its portfolio to address downstream filtration and buffer/media prep applications. With the increasing demand for tangential flow filtration systems from end-users, vendors are opting for partnerships and strategic alliances to improve their market reach and customer base. Thus, such activities will drive the growth of the global tangential flow filtration market during the forecast period.
Key Tangential Flow Filtration Market Challenge
The high cost of tangential flow filtration systems is one of the factors hindering the tangential flow filtration market growth. When researchers try to add minute customizations to tangential flow filtration systems, costs can increase exponentially as multiple parameters need to be changed by the manufacturer to make a customized tangential flow filtration system. New research laboratories cannot meet such funding requirements even from research grants. Even if a research lab arranges for such funds, add-on services such as analysis software programs add to the overall costs and make tangential flow filtration systems unaffordable for small and mid-size laboratories. Thus, smaller laboratories with small budget allocations for tangential flow filtration systems may not be able to afford to purchase these systems or might outsource the entire testing process. These factors can hamper the growth of the global tangential flow filtration market during the forecast period.
This tangential flow filtration market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global tangential flow filtration market as a part of the global healthcare technology market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tangential flow filtration market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the tangential flow filtration market encompasses successful business strategies deployed by the key vendors. The tangential flow filtration market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The tangential flow filtration market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the tangential flow filtration market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the tangential flow filtration market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Well-established pharmaceutical and biopharmaceutical industries will facilitate the tangential flow filtration market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic positively impacted the regional tangential flow filtration market. Furthermore, the company invested $26 million to further expand its capacity, with a focus on filtration and single-use products. Moreover, there was increased regional demand for tangential flow filtration systems from CROs, CMOs, laboratories, academic institutes, and research organizations. These factors will continue to contribute to the growth of the regional market during the forecast period.
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The tangential flow filtration market share growth by the single-use systems segment will be significant during the forecast period. Single-use systems can minimize cross-contamination and reduce process time. This, in turn, increases the acceptance of single-use systems worldwide. Furthermore, these fully automated systems have added benefits such as reduced validation and cleaning requirements. Additionally, the growing technological advancements in single-use systems have enabled the end-users to adopt simpler and disposable single-use systems, further propelling the growth of this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the tangential flow filtration market size and actionable market insights on post COVID-19 impact on each segment.
Tangential Flow Filtration Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.72% |
Market growth 2022-2026 |
$ 693.87 million |
Market structure |
Fragmented |
YoY growth (%) |
9.64 |
Regional analysis |
North America, Europe, APAC, and Rest of World (ROW) |
Performing market contribution |
APAC at 34% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alfa Laval Corporate AB, Andritz AG, Cole Parmer Instrument Co. LLC, Danaher Corp., Donaldson Co. Inc., Evoqua Water Technologies LLC, GEA Group Aktiengesellschaft, General Electric Co., Koch Industries Inc., Merck KGaA, Novasep Holding SAS, OSMO Membrane Systems GmbH, Parker Hannifin Corp., PendoTECH, Repligen Corp., Sartorius AG, Synder Filtration Inc., TAMI Industries SAS, Thermo Fisher Scientific Inc., and Veolia Environment SA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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