Global Bacterial Filter Market to Surpass US$ 3,526.1 Million by 2027 - Coherent Market Insights

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Mar 24, 2020, 10:31 ET

SEATTLE, March 24, 2020 /PRNewswire/ -- According to Coherent Market Insights, the global bacterial filter market is estimated to be valued at US$ 2,273.0 million in 2019 and is expected to exhibit a CAGR of 5.6% over the forecast period (2019-2027).

Key Trends and Analysis of the Global Bacterial Filter Market:

Key trends in the market include increasing incidence of respiratory and waterborne diseases, increasing number of product launches, and increasing collaborations and acquisitions by key market players. For instance, according to the Global Burden of Disease Study 1990-2016, around 55.3 million cases of Chronic Obstructive Pulmonary Disease (COPD) were reported in India in 2016.

Furthermore, according to the United Nations International Children's Emergency Fund (UNICEF), in 2017, over 5.6 million children were at risk of contracting waterborne diseases such as cholera and diarrheal infection due to rainy seasons in the remote areas of sub-Sahara.

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The increasing product launches is expected to drive growth of the global bacterial filter market over the forecast period. For instance, in January 2020, OneLife GmbH (a Germany-based company) developed and launched PureOne Air Purifier. The PureOne Air Purifier is a Germany engineered solution that removes more harmful substances including the smallest PM 1.0 particles to address the crisis of air pollution

Furthermore, key players operating in the market are focused on enhancing their manufacturing capabilities by launching new production lines, in order to expand their product offerings in the market. For instance, in February 2018, UFI FILTERS, a global filtration technology company launched two new automated lines in Italy for production of cabin air filters in order to cater to increasing demand for cabin air filters. The new lines, which are important part of the Group's expansion strategy are dedicated to production of cabin air filters for the EMEA market.

Key Market Takeaways:

The global bacterial filter market is expected to exhibit a CAGR of 5.6% over the forecast period, owing to increasing incidence of respiratory and waterborne diseases and increasing number of product launches. For instance, in September 2019, Smart Air (a Beijing-based social enterprise) launched a line of effective air purifiers called, The Sqair, to combat the adverse health effects due to air pollution.
North America is expected to account for largest market share in the global market, owing to presence of key players in the region such as Abbott, Hill-Rom Holdings, Inc., iRhythm Technologies, Inc., and AliveCor and rising incidence of respiratory and waterborne diseases. For instance, according to the Centers for Disease Control and Prevention (CDC), in the U.S., in 2018, health department reported about 10,000 cases of Legionnaires' disease.

Key players operating in the global bacterial filter market include—

General Electric Company, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Medtronic Plc., Teleflex Incorporated, A-M Systems LLC., Danaher Corporation, Aqua free GmbH, and SunMed.

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Market Segmentations:

Global Bacterial Filter Market, By Device Type:

Reusable
Disposable

Global Bacterial Filter Market, By Application:

Water Purification
Air Purification

Global Bacterial Filter Market, By Technology:

Microfiltration
Ultrafiltration
Nanofiltration
Others

Global Bacterial Filter Market, By End User:

Hospitals
Water Purification Industry
Others

Global Bacterial Filter Market, By Region:

North America

By Country:

U.S.
Canada

Latin America

By Country:

Brazil
Mexico
Argentina
Rest of Latin America

Europe

By Country:

Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific

By Country:

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East

By Country:

GCC
Israel
Rest of Middle East

Africa

By Country/Region:

South Africa
Central Africa
North Africa

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SOURCE Coherent Market Insights