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Laboratory Filtration Market worth $5.3 billion by 2026 - Leading Key Players are Merck Millipore (US), Danaher Corporation (US), Sartorius AG (Germany)

12-13-2021 12:01 PM CET | Health & Medicine

Press release from: MarketsandMarkets™ INC.

Laboratory Filtration Market

Laboratory Filtration Market

According to the new market research report "Laboratory Filtration Market by Product (Filter Media, Filtration Assembly, Accessories), Technology (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis), End User (Pharma, Biopharma, F&B, Academic institutes) - Global Forecast to 2026", published by MarketsandMarkets™, the global Laboratory Filtration Market is projected to reach USD 5.3 billion by 2026 from USD 3.6 billion in 2021, at a CAGR of 7.8% from 2021 to 2026.

Browse in-depth TOC on "Laboratory Filtration Market"

196 – Tables
51 – Figures
252 – Pages

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Laboratory filtration is widely used in the biopharmaceutical, food & beverage, and environmental industries. Also, laboratory filtration is regarded as an important quality assurance measure by regulatory bodies, which is an important contributor to the growth of the market. The other factors driving the growth of this market include the increasing purity requirements in end-user segments and the growth of the biopharmaceutical industry.

The microfiltration segment accounted for the largest share of the technique segment in the laboratory filtration market in 2020

Based on technique, the market is segmented into microfiltration, ultrafiltration, reverse osmosis, vacuum filtration, and nanofiltration. The microfiltration segment accounted for the largest share in 2020, while the ultrafiltration segment is projected to witness the highest growth during the forecast period. Rising R&D activities in the pharma industry and wide applications in the food & beverage industry are the key factors boosting segmental growth. Growing R&D expenditures on biotherapeutic molecules are also expected to drive the demand for ultrafiltration filters in the coming years.

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By end user, pharmaceutical & biotechnology companies accounted for the largest market share in 2020

Based on end user, the laboratory filtration market is segmented into pharmaceutical & biopharmaceutical companies, the food & beverage industry, hospitals & diagnostic laboratories, and academic & research institutions. In 2020, the pharmaceutical & biotechnology companies segment accounted for the largest share of the market. The large share of this segment can be attributed to the higher adoption of laboratory filtration products due to the stringent regulatory scenario as compared to other end users such as food & beverage companies. Furthermore, growing research towards the development of biological molecules and increasing manufacturing of generics in developed countries will also drive market growth over the forecast period.

North America dominates the market in 2020.

North America accounted for the largest share of the market. The growth of the market in North America is mainly driven by the large number of pharmaceutical & biotechnology and food & beverage companies in the region, the presence of a well-established healthcare market, and the stringent regulatory scenario in the pharmaceutical industry.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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