October 07, 2020
According to the research report titled ‘GLOBAL LABORATORY FILTRATION MARKET 2019-2027‘, available with Market Study Report, global laboratory filtration market is anticipated to register 6.12% CAGR during 2019-2027.
As per the report findings, rise in research activities by biopharmaceutical companies and increase in efforts for development of biopharmaceutical molecules are the major growth driving factors of global laboratory filtration market.
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Furthermore, launch of highly advanced products, acceptance of laboratory filtration by the food & beverage industry, along with its high utility in clinical laboratories and studies are expected to add momentum to the global laboratory filtration industry growth.
For the uninitiated, laboratory filtration techniques have applications in various processes such as drug screening, cell culturing, protein separation & analysis, virus removal and lab-scale DNA, making it essential in pharmaceutical and other healthcare settings. Although, scarcity of skilled and trained professionals coupled with requirement of large investments is hampering global laboratory filtration market remuneration.
Based on product spectrum, global laboratory filtration industry size is segmented into filtration media, filtration accessories and filtration assemblies. Among them, filtration media segment is further classified into membrane, capsule, syringeless, paper, syringe, filtration microplates and others. Moreover, the filtration assemblies segment is also categorized into several sub-segments, namely, vacuum filtration, ultrafiltration assemblies, reverse osmosis, microfiltration and others. Also, the filtration accessories segment is fragmented into filter housings, filter dispensers, filter holder’s media, cartridge filters, filter funnel, filter flasks, vacuum pumps, filter seals and others.
The membrane filtration technology segment in global laboratory filtration market is gaining popularity along with large demand for filtration equipment. However, stagnated innovation, time-consuming regulations for filter validation, less variety in products and high levies on imports are likely to hinder the market growth during forecast period.
With respect to technology landscape, global laboratory filtration industry is classified into reverse osmosis technology, vacuum filtration, microfiltration, ultrafiltration, nanofiltration and others.
Considering the regional overview, global laboratory filtration market share is split among North America, Asia-Pacific, Europe, Latin America and Middle East & Africa. Of these, Asia-Pacific laboratory filtration market is predicted to witness a robust growth rate during the forecast years owing to its rising product utilization in pharma, biotech, and F&B industries across the region. Furthermore, launch of new healthcare facilities and academic laboratories, along with funding and support from government as well private organizations are adding considerable traction to the regional market expansion.
Key players operating in global laboratory filtration market are Sigma-Aldrich Corporation, Cantel Medical Corporation, 3M Company, Pall Corporation, GE Healthcare, Merck Millipore, Thermo Fisher Scientific, Inc., Sartorius Group, and Macherey-Nagel GmbH & Co. KG.