Laboratory Filtration Market Size To Reach USD 4.06 Billion By 2026 | Top Key Players Sigma-Aldrich, Merck Millipore, Thermo Fisher Scientific, GE Healthcare

According to the current analysis of Reports and Data, the global laboratory filtration market was valued at USD 2.35 billion in 2018 and is expected to reach USD 4.06 billion by the year 2026, at a CAGR of 7.1%. Filtration and separation technology all around the world is widely used in modern industrialized countries and is rapidly being applied in developing countries as well. Filtration is an initial and essential process in pharmaceutical, and bio scientific laboratory applications. Filtration is also important and widely used as one of the unit operations of pharmaceutical technology. It may be simultaneously combined with other unit operations to process the feed stream, as in the bio-filter, which is a combined filter and biological digestion device. Filtration is a technique that is used to separate solids from liquids or solution by interposing a filter medium through which solutions or liquids can pass.

Growing research activities in pharmaceutical and biopharmaceutical industries and increasing usage of filtration products are contributing to the growth of the laboratory filtration market. Lab filters have vast applications in different fields of the industry, from healthcare to food and beverage industry. Clinical research in pharmaceutical companies and scientific institutions are resulting in the development of new medicines, which is also supporting the market growth positively. Technological advances have been significantly improving for decades, and the trend is expected to continue further. As computer circuits are grown smaller and smaller while increasing in processing power, the need and surge for filtration and separation technologies to gather the pace and become increasingly more sophisticated.

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Rise in population growth will increase demand, which will require increased production and increases in manufacturing efficiency for industrial products, foods and beverages, transportation, and infrastructure. Laboratory Filtration solutions are used in procedures such as drug screening, DNA and protein separation, cell culture, and filtration processes. Flourishing biopharmaceutical research activities and the desire for rapid drug commercialization are the prime drivers of the laboratory filtration market. Transformative advances in healthcare in recent years are allowing people to live longer, healthier, and more productive lives. A part of this process will be advanced in diagnostic and drug therapies, which utilize filtration and separation technologies, and moreover, an increased focus on a cleaner environment and all natural and pure consumables, which utilize filtration and separation rather than chemical technologies to make products safe and pure. The increasing widespread of chronic diseases has resulted in demand for filtration products to hasten the manufacturing process of the drug required for the treatment. However, shortage of skilled professionals, high cost of filters, non-adoption, and environmental concern associated with it are some of the possible restraints of the lab filtration market during the forecast period.

Technological advancements and rapid digitization have streamlined the daily operations of the pharmaceutical industry. Increasing spending on medicine due to growing geriatric populace, rising incidence of chronic diseases, increasing number of product launches, and growing number of R&D activities are some key factors contributing to revenue growth of the market. Increasing focus on patient engagement solutions, rising focus to cater to growing unmet clinical demand, adoption of advanced technologies to streamline workflows in healthcare sector, and availability of skilled healthcare professionals has been positively impacting the pharma & healthcare industry. The emergence of COVID-19 pandemic has further increased focus on healthcare facilities, teleconsultation and telemedicine, and increased burden on the healthcare industry compelling governments and companies to invest heavily to cater to the growing global demand.

Top Companies operating in the Market and Profiled in the Report include:

Sigma-Aldrich, Merck Millipore, Thermo Fisher Scientific, GE Healthcare, 3M Purification, Inc., Sartorius Group, Macherey-Nagel GmbH & Co. KG., Cantel Medical Corporation and Veolia Water Technologies

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Laboratory Filtration Market Segmentation:

Technology (Revenue in USD Million; 2016–2026)

• Microfiltration
• Reverse Osmosis
• Ultrafiltration
• Vacuum Filtration
• Nanofiltration

Product Type (Revenue in USD Million; 2016–2026)

• Filtration Assemblies
o Microfiltration Assemblies
o Reverse Osmosis Assemblies
o Ultrafiltration Assemblies
o Vacuum Filtration Assemblies
o Others
• Filtration Media
o Filter Papers
 Cellulose Filter Papers
 Glass Microfiber Filter Papers
 Quartz Filter Papers
o Membrane Filters
o Syringe Filters
o Syringeless Filters
o Capsule Filters
o Filtration Microplates
o Others
• Filtration Accessories
o Filter Holders
o Filter Funnels
o Filter Dispensers
o Filter Flasks
o Filter Housings
o Cartridges
o Vacuum Pumps
o Seals
o Other Accessories

End Use (Revenue in USD Million; 2016–2026)

• Pharmaceutical & Biopharmaceutical Companies
• Academic & Research Institutes
• Food & Beverage Companies
• Hospital & Diagnostic Laboratories

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The report discusses in detail the top companies in the market along with their recent initiatives such as mergers and acquisitions, joint venture, partnerships, corporate and government deals, collaborations, and brand promotions and product launches among others. The report further discusses the companies’ initiatives and investments in key regions across the globe such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

Region analysis Covers:

• North America (U.S.A., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of Europe)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the report offers a comprehensive analysis of the factors expected to drive the global Laboratory Filtration market growth over the forecast period of 2021-2026. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report also offers strategic recommendations to the established players as well as new entrants to help them gain a strong foothold in the market.

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