April 28, 2021
According to the research report titled ‘Global Laboratory Filtration Market 2019-2027’, available with Market Study Report LLC, global laboratory filtration market is anticipated to record a compound annual growth rate of 6.12% through 2027.
The growth of global laboratory filtration market is credited to improved research and increased advancements in the biopharmaceutical sector. Additionally, various practices like drug screening, cell culturing, protein separation & analysis, lab scale DNA, and removal of virus use lab filtration methods to obtain accurate results.
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Preference to usage of membrane filtration technology, launch of innovative products, and extensive adoption of technology by food & beverage companies as well as clinical labs are augmenting the market outlook.
However, lack of skilled workforce, and necessity of large investments are acting as barriers for worldwide laboratory filtration market. Moreover, limited variation in the products, time consuming protocols for the validation of filters, and high taxes on imports are further acting as arresting factors.
Based on product ambit, the marketplace is divided into filtration assemblies, filtration media, and filtration accessories. While the technology range includes nanofiltration, microfiltration, ultrafiltration, vacuum filtration, and reverse osmosis technology among others.
Moving on regional outlook, Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa are studied thoroughly to reveal revenue prospects in global laboratory filtration industry sphere.
The report cites that Asia-Pacific is poised to hold significant market share by the year 2027, owing to increased usage of laboratory filtration in pharma, biotech, and food & beverage verticals. Additionally, setting up of new laboratories and healthcare facilities would generate lucrative prospects in the business scenario. Also, backing by the governments for inventions is bolstering the product demand in Asia-Pacific.
Key contenders in global laboratory filtration market include MACHEREY-NAGEL GmbH & Co. KG, Sigma-Aldrich (MilliporeSigma), GE Healthcare, Thermo Fisher Scientific, Sartorius AG, Pall Corporation, Cantel Medical Corporation, and 3M Company.