|06-15-2018 08:20 AM CET - Business, Economy, Finances, Banking & Insurance||
Laboratory Filtration Market Growing at a rapid pace in the foreseeable future
Press release from: P&S Market Research - Biotechnology
The global laboratory filtration market is expected to reach $3.5 billion by 2023. The market is mainly driven by the increasing use of laboratory filtration products in the food and beverage industry, introduction of technologically advanced products, increasing research activities in pharmaceutical and biopharmaceutical industries, and surge in the adoption of filtration products in clinical laboratories.
Explore Report Sample at: www.psmarketresearch.com/market-analysis/laboratory-filtr...
Japan held the largest share in the APAC laboratory filtration market in 2017, mainly because of the increasing production of pharmaceutical products in the country. According to the data published by the International Trade Administration based on the Ministry of Health, Labor and Welfare’s annual pharmaceutical production statistics, the Japanese market for prescription and non-prescription pharmaceuticals valued $88 billion in 2015, indicating a 10.7% increase from that of 2014. Also, prescription pharmaceuticals held more than 90% of the market share.
In order to increase their market share, key players in the laboratory filtration industry are developing and introducing new products. For instance, in February 2018, Merck KGaA launched Viresolve barrier capsule filters to reduce the risk of bioreactor contamination. Viresolve barrier filters are designed to remove viruses, mycoplasma, and bacteria from cell culture media.
Explore Full Report at: www.psmarketresearch.com/market-analysis/laboratory-filtr...
Some of the other key players operating in the laboratory filtration market are General Electric Company, Cantel Medical Corporation, Thermo Fisher Scientific Inc., Danaher Corporation, 3M Company, Sartorius AG, and MACHEREY-NAGEL GmbH & Co. KG.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
This release was published on openPR.
News-ID: 1083745 • Views: 142More releases