Sterile Filtration Market Size, Share, Trends, Industry Analysis and Forecast to 2025
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The sterile filtration market size is expected to reach USD 23.9 billion by 2025 and grow at a CAGR of 3.2% from 2019 to 2025.
What is sterile filtration?
Sterile filtration involves filtering pure, sterilized water in which all impurities are removed and the water remains sterile. The process can eliminate bacteria, viruses, microorganisms and other contaminants.
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How is the Sterile Filtration Market in the United States?
According to market research, the sterile filtration market in the United States has now reached US$6.15 billion and is expected to grow at a CAGR of 9.7% during the period 2019-2025.
The global sterile filtration market share
The global Sterile Filtration Market was valued at USD 3.59 Billion in 2017 and is projected to reach USD 4.56 Billion by 2022, growing at a CAGR of 2.3% from 2018 to 2022. reached its peak in 2016 and has been gradually decreasing since then. However, the demand for sterile filtration as a service is expected to increase as population growth and an increase in the number of patients requiring dialysis or transplantation are anticipated.
Factors Driving Demand for Sterile Filtration in the United States
Despite the efforts of many countries and industries, there is an excellent need for sterilization in various sectors, including medicine, food and beverage, chemical, water, and waste management. As a result, the demand for sterile filtration in the United States for these applications is expected to grow at a CAGR of 6% over the forecast period.
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Factors Driving Sterile Filtration Demand Worldwide
There are a variety of factors driving the demand for sterile filtration globally. These include growing concern about the spread of disease, growing adoption in the general healthcare and medical device industry, significant advances in technology, and an increase in the number of people living until at an advanced age.
How sterilization technology will evolve over time
The Sterilization Technologies Market is expected to reach USD 15,800.7 Billion by 2025 and grows at a CAGR of 8.2% from 2017 to 2025. The global demand for sterilization technologies will increase owing to the growing number of devices used globally in healthcare systems and growing use in industrial applications such as pharmaceuticals and medical devices.
This report provides the Sterile Filtration market size, share, trends, industry analysis and forecast to 2025.