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Laboratory Filtration Market Size And Forecast
Laboratory Filtration Market size was valued at USD 2.98 Billion in 2020 and is projected to reach USD 5.04 Billion by 2028, growing at a CAGR of 8.77% from 2021 to 2028.
The Laboratory Filtration technology is finding its increase in application in various end-user industries and has led to the rapid development of the global Laboratory Filtration Market. The Global Laboratory Filtration Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Laboratory Filtration Market Definition
The separation process to remove the solid particles from liquid or gas by depositing them on a filter medium is called Laboratory Filtration. The various types of research in development laboratories, pharmaceutical, and biotechnology industries are employing Laboratory Filtration devices. Laboratory Filtration uses various techniques such as ultrafiltration, vacuum filtration, nanofiltration, reverse osmosis, microfiltration. One of the technologies, microfiltration removes the contaminants from air or liquid with the help of a microporous membrane.
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Global Laboratory Filtration Market Overview
The growth of the global Laboratory Filtration Market is being driven by increasing investment in research and development by the pharmaceutical and biopharmaceutical industry. The demand for membrane filtration technology is also increasing. The requirement for purity is also increasing in end-user segments and hence the global Laboratory Filtration Market is flourishing at a rapid pace. The increasing focus on developing large molecule biopharmaceuticals has also led to the global Laboratory Filtration Market grow at a rapid pace.
However, some restraints are liming the growth of the global Laboratory Filtration Market. The latest technological developments and alternative technologies might negatively hamper the overall global Laboratory Filtration Market. Also, for setting up the production facilities, a high amount of capital funds is required. This may hinder the growth of the global Laboratory Filtration Market.
Global Laboratory Filtration Market: Segmentation Analysis
The Global Laboratory Filtration Market is segmented based on Product, Technology, End-User, and Geography.
Laboratory Filtration Market, By Product
• Filtration Media
• Filtration Assembly
• Filtration Accessories
Based on Product, the market is bifurcated into Filtration Media, Filtration Assembly, and Filtration Accessories. The filtration media segment dominated the global Laboratory Filtration Market owing to its wide range of applications in sterilizing, sample preparation, fluid monitoring, and final filtration.
Laboratory Filtration Market, By Technology
• Microfiltration
• Ultrafiltration
• Reverse Osmosis
• Nanofiltration
• Vacuum Filtration
Based on Technology, the market is bifurcated into Microfiltration, Ultrafiltration, Reverse Osmosis, Nanofiltration, and Vacuum Filtration. Microfiltration accounted for the largest market share in 2019. The adoption of microfiltration has been increased in the market owing to the chemical resistance and high thermal stability. Microfiltration enables a high separation facility and does not require additional solvents that provide easy operation and implementation of the technique.
Laboratory Filtration Market, By End-User
• Pharmaceutical & Biopharmaceutical Companies
• Hospital and Diagnostic Laboratories
• Food & Beverage Companies
• Academic & Research Institutes
Based on End-User, the market is bifurcated into Pharmaceutical & Biopharmaceutical Companies, Hospital and Diagnostic Laboratories, Food & Beverage Companies, and Academic & Research Institutes. Pharmaceutical & Biopharmaceutical Companies accounted for the largest market share in 2019. Filtration is an essential process step in pharmaceutical and biopharmaceutical laboratory applications. Filtration systems are installed in pre-filtration or sterilizing grade filtration, fermentation broth, fine chemicals, or filling of OTC products. Moreover, robust ultrafiltration processes play a crucial role in the development of biopharmaceutical products.
Laboratory Filtration Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Laboratory Filtration Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the Global Laboratory Filtration Market in 2019. In North America, the demand for filtration processes is on the rise. In developed markets, filtration in end-use industries such as Pharmaceutical & Biopharmaceutical Companies and Hospital and Diagnostic Laboratories are witnessing an upsurge; this factor is, in turn, contributing to the growth of the market in this region. There are numerous manufactures present in this region including Pall Corporation; 3M Company; Thermo Fisher Scientific and others.
Key Players
The “Global Laboratory Filtration Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as 3M Company, Thermo Fisher Scientific Inc., GE Healthcare, Pall Corporation, Veolia Water Technologies, Sartorius Group, Cantel Medical Corporation, Sigma-Aldrich Corporation, Macherey–Nagel GmbH & Co. Kg, and Merck Millipore.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Laboratory Filtration Market Share Insights
Key Developments by Major Key Players in the market are as given below.
Company Name |
Key Development |
Description |
|---|---|---|
| 3M Company | Business Expansion |
|
| Pall Corporation | Product launch |
|
| Veolia Water Technologies | Product Development |
|
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period |
2017-2028 |
| Base Year |
2020 |
| Forecast Period |
2021-2028 |
| Historical Period |
2017-2019 |
| Unit |
Value (USD Billion) |
| Key Companies Profiled |
3M Company, Thermo Fisher Scientific Inc., GE Healthcare, Pall Corporation, Veolia Water Technologies, Sartorius Group, Cantel Medical Corporation, and Sigma-Aldrich Corporation |
| Segments Covered |
By Technology, By Product, By End-User, And By Geography |
| Customization scope |
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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