| The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Tangential Flow Filtration Market.
It was estimated prior to this unanticipated outbreak Tangential Flow Filtration Market will reach CAGR of 10.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Tangential Flow Filtration Market Insights
Tangential flow filtration market is likely to witness an impressive CAGR of 10.7% during the forecast period. The key factors contributing to the demand for tangential flow filtration are mainly the increased flexibility, reduced cross-contamination, and decreased process time.
Market Share Analysis
Tangential Flow Filtration Market Share: By Product Type
Based on the product type, the market is segmented as TFF systems, membrane filter, and accessories. The TFF systems segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The significant share of the TFF systems segment is due to rise in the manufacture of biologics and CMOs and investments by major pharmaceutical companies. The membrane filter segment is projected to expand with the highest CAGR during the forecast period owing to high throughput, higher flow rate, accuracy, less filtration time, minimized cross-contamination and no membrane fouling.
Tangential Flow Filtration Market Share: By Technique Type
Based on the technique type, the tangential flow filtration market is segmented as ultrafiltration, microfiltration, and other TFF techniques. The microfiltration segment is projected to expand with the highest CAGR during the forecast period owing to its rising demand in cell separation.
Tangential Flow Filtration Market Share: By Application Type
Based on the application type, the market is segmented as bioprocess applications, viral vector and vaccine purification, and other applications. The viral vector and vaccine purification segment is likely to expand with the highest CAGR during the forecast period driven by vaccine safety regulations and technological advancements in the field.
Tangential Flow Filtration Market Share: By Material Type
Based on the material type, the tangential flow filtration market is segmented as PES/PS, regenerated cellulose, and other materials. The PES/PS segment is estimated to register the highest growth during the forecast period due to low protein-binding properties, hydrophilic nature, and its usage in a wide range of applications.
Tangential Flow Filtration Market Share: By Region
In terms of regions, North America contributed for the largest share of the global tangential flow filtration market. The high share is attributed to the presence of major players, high investment on R&D, and high adoption of advanced technology in the region. The region is likely to maintain its leading position during the forecast period as well. Europe and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.
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