The market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Significant investments by key market players, increasing government support, developing R&D infrastructure, and growing expertise and academic excellence are the major factors fueling the growth of the market in the Asia Pacific.
What the Market Looks Like?
The filter integrity test market is projected to reach USD 79 million by 2024 from USD 59 million in 2018, at a CAGR of 5.0% during the forecast period. The market is divided into four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW).
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What Drives the Market?
The growth of the Filter Integrity Test Market is primarily influenced by the following factors:
- Increase in R&D Spending
- Growth in the Biopharmaceutical Industry
- Increasing Purity Requirements in the End-User Market
By product, the cell therapy technologies market is segmented into consumables, equipment, and systems & software. The consumables segment is expected to account for the largest share of the market in 2018. Factors such as increasing investments by companies to develop advanced products as well as government initiatives for enhancing cell-based research are contributing to the growth of the cell therapy consumables market.
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