2023 Laboratory Filtration Market Report- Sales by Technique | Merck Millipore (US), Danaher Corporation (US), Sartorius Ag (Germany), 3M Company (US), GE Healthcare (US), GEA GROUP AKTIENGESELLSCHAFT (Germany), Cantel Medical Corporation (US)

The global laboratory filtration market size 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. Growth in this market is majorly driven by the increasing demand for membrane filtration and rising purity requirements in end-user segments. However, technological developments and alternative technologies are expected to restrain the growth of the laboratory filtration market to a certain extent during the forecast period.

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Key Market Players

The laboratory filtration market is highly consolidated, with a few players competing for a larger market share. Prominent players in this market include Merck Millipore (US), Danaher Corporation (US), Sartorius AG (Germany), 3M Company (US), GEA GROUP AKTIENGESELLSCHAFT (Germany), STERIS (US), Thermo Fisher Scientific (US), Veolia Water Technologies (France), Avantor, Inc (US), GVS S.p.A (Italy), MANN+HUMMEL (Germany), Agilent Technologies, Inc (US), Ahlstrom-Munksjö (Finland), MACHEREY-NAGEL GmbH & Co. KG (Germany), AMD Manufacturing, Inc (Canada), Koch Separation Solutions (US), Cole-Parmer (US), AQUAPORIN A/S (Denmark), and Sterlitech Corporation (US). These players adopted various strategies such as partnerships, agreements, and acquisitions to expand their presence in the global laboratory filtration market.

Merck Millipore (US) is one of the prominent players in the global laboratory filtration market. The company is a supplier of lab materials, services, and technologies for the research, development, and production of pharmaceutical & biotechnology drug therapies. The company also has an extensive distribution channel across the globe. The company operates through three major segments-Healthcare, Life Science, and Performance Materials. The Life Science segment is subcategorized into Process Solutions, Research Solutions, and Applied Solutions. The Process Solutions segment provides laboratory filtration systems and products. Merck Millipore focuses on product development to enhance its presence and aims to strengthen its geographic presence via organic and inorganic growth strategies such as expansions and acquisitions. The latter will allow the company to adopt new technologies and incorporate new businesses to complement its existing segments.

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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.

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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