Press release
Laboratory Filtration Market Emerging Trend, Advancement, Growth and Business Opportunities 2023-2031
The global laboratory filtration market revenue was US$ 3,315.3 million in 2021. The global laboratory filtration market revenue is forecast to reach US$ 6,807.40 million by 2030, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period from 2022 to 2030.Laboratories use filtration to sterilize items. The vapor phase is a critical step in almost all the laboratory processes related to environmental, chemistry, and life sciences. In the laboratory, it involves either purifying or concentrating samples. Filtration depends on pore size; smaller pores can filter out more particles. Pores can be as small as .01 ?m (?m =micrometer), small enough to prevent viruses from passing through, but smaller proteins can still pass through. Nano-filters can stop viruses, proteins, and some toxins. Filtration is also an excellent option for sterilizing heat-sensitive liquids, which cannot be autoclaved or sterilized with other methods.
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Factors Influencing Market Growth
Increasing demand for high-production filtration products during the down-streaming process, introducing ultra-purification methods, and the growing use of analytical instruments are forecast to drive the overall market growth in the coming years.The global laboratory filtration market is likely to grow as a result of the emergence of more advanced filtration techniques, such as microfiltration, nanofiltration, and ultrafiltration, which employ superior filtration equipment.
There will be significant growth opportunities for the market in the forecast period due to the rapid advances in nanofiber technology and the rapid rise in the application of filtration technologies in biopharmaceuticals and pharmaceuticals.
Impact Analysis of COVID-19
COVID-19 pandemic has positively impacted the global laboratory filtration market. In order to detect the virus and develop a vaccine, researchers employed a variety of laboratory products, including filters.
Additionally, consumer behavior has changed in relation to health and hygiene products due to the global COVID-19 outbreak. The main driver of revenue growth in the laboratory filtration market was the rise in demand for healthcare, food, and wastewater treatment applications.
Regional Insights
North America held dominance in the market of laboratory filtration and is forecast to dominate throughout the forecast period. There are several factors that contribute to the market growth, such as well-equipped labs for life science research, an increase in investment in research and development, and government funding for manufacturers of laboratory filter membranes.
Over the forecast period, Asia-Pacific is forecast to grow at a significant rate. As a result of the rapid rise in the number of key players dedicated to setting up their operational facilities and the presence of many generic drug manufacturers, the industry is forecast to flourish.
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Leading Competitors
The leading prominent companies profiled in the global laboratory filtration market are:
3M Company
Agilent Technologies, Incorporated
Antylia Scientific
Danaher Corporation
Merck KGaA
Sartorius AG
Steris (Cantel Medical Corporation)
Sterlitech Corporation
Thermo Fisher Scientific
Veolia Water Technologies
Other Prominent Players
Scope of the Report
The global laboratory filtration market segmentation focuses on Product, Technique, End-User, and Region.
Segmentation based on Product
Filtration Media
Filtration Accessories
Filtration Assemblies
Segmentation based on End-User
Pharmaceutical and Biotechnology Companies
Hospitals and Diagnostic Laboratories
Food and Beverage Industry
Academic and Research Institutions
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Segmentation based on Technique
Nanofiltration
Ultrafiltration
Microfiltration
Reverse Osmosis
Vacuum Filtration
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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