NEWS RELEASE                                                                                                    OCTOBER 2014

Pharmaceutical Companies to Raise Cartridge Purchases to $2.1 Billion in 2015

Next year pharmaceutical companies will spend more than $2.1 billion for liquid cartridges.  This is the latest forecast in Cartridge Filters: World Market published by the McIlvaine Company.

Pharmaceutical Cartridge Revenue ($ Millions)

Cartridges are used both to purify water needed in pharmaceutical plants and to separate product from liquids during manufacture.   The smallest particles are removed with membrane cartridges. This market will be in excess of $1 billion next year.  Non-woven cartridges remove particles as small as a few microns but are not as efficient as membranes. Metal cartridges are used for high temperature filtration.

The largest growth is coming in Asia where there is a construction boom centered on generic drug manufacture. The major drug companies of the world are building generic production facilities in China, India and other Asian countries.

There are four trends driving the rapid growth in the Asian market:

• Increasing ability to pay for drugs
• Low per capita expenditures in the past
• New focus on health care
• Tighter restrictions forcing more cartridge expenditures per unit of production

There is growth in Latin America as well. The Chilean pharmaceutical market is increasing at a compound annual growth rate of more than 10 percent. This rate is expected to continue over the next five years.  Chile's pharmaceutical landscape is small but highly competitive. The pharmaceutical market is dominated by prescription drugs, with a smaller share of the market for nonprescription, over-the-counter medicines.

For more information Cartridge Filters: World Market, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/117-n024