(I-BusinessNews.Com, July 28, 2021 ) According to the new market research report TFF System Market is expected to grow from USD 944 million in 2019 to USD 1,590 million by 2024 at a CAGR of 11.0% during the forecast period.
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Market growth is largely driven by factors such as the advantages of tangential flow filtration over normal flow filtration, the increasing adoption of single-use technologies, and increased cGMP adoption. However, the high capital expenditure required to set up new production facilities is a major factor restraining the growth of this market.
The major companies in the global TFF Market are Merck Millipore (US), Danaher Corporation (US), Sartorius AG (Germany), GE Healthcare (US), and Repligen Corporation (US).
Bioprocess applications projected to account for the largest application segment of the market in 2019
Based on application, the market is segmented into bioprocess applications, viral vector and vaccine purification, and other applications such as drug formulation, blood plasma fractionation, media and buffer preparation, and pharmaceutical water purification. The bioprocess applications segment is expected to dominate the market in 2019 owing to factors such as growth in the overall biopharmaceutical industry, increasing biologics research, and significant growth in biologics research funding.
PES/PS to account for the largest share of the global TFF Market, by material type, in 2019
Based on material type, the global TFF System Market is divided into PES/PS, regenerated cellulose, and other materials. The PES/PS segment is expected to account for the largest share of the global market in 2019. The hydrophilic nature of PES/PS, its low protein-binding properties, and wide range of applications, such as ultrafiltration of downstream processing, product concentration, and the filtration of biological and pharmaceutical solutions, is expected to drive the demand for this material.
Tangential flow filtration systems segment to account for the largest share of the global TFF Market in 2019
Based on the product, the TFF System Market is segmented into systems, membrane filters, and accessories. The systems segment is expected to account for the largest share of the market in 2019, owing to factors such as the increasing use of different single-use systems among end users due to their advantages, such as a reduced need for product validation and cleaning.
Ultrafiltration segment to account for the largest share of the market, by technique
Based on technique, the global TFF System Market is divided into ultrafiltration, microfiltration, and other TFF techniques. The ultrafiltration segment is expected to account for the largest share of the TFF Market in 2019, due to the wide range of UF applications in the pharma-biotech industry such as protein concentration, desalting and buffer exchange (diafiltration, DF), cell harvesting after fermentation, the removal of cell debris after lysis, cell clarification, and blood plasma separation.
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The tangential flow filtration market is divided into four major regionsÃ‚Â— Europe, North America, Asia Pacific, and the Rest of the World (RoW). In 2018, North America accounted for the largest share of the global market, closely followed by Europe. Factors such as the strong presence of TFF product manufacturers in the region, well-established biopharmaceutical industry, significant R&D spending by pharmaceutical and biotechnology companies, and the presence of a well-established intellectual property system for innovative biologics production are driving the growth of the TFF market in North America.
Mr. Aashish Mehra
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Mr. Aashish Mehra