The global laboratory filtration market was valued at USD 2.35 billion in 2018 and is expected to reach USD 4.06 billion by year 2030, at a CAGR of 7.1%. 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. Technological innovations, growing usage of filtration technologies in drug discovery and development, clinical laboratories has helped the laboratory filtration market to gain a positive growth rate. 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 desire for rapid drug commercialization are the prime drivers of laboratory filtration market.
The increasing usage of filtration technology in pharmaceutical, biopharmaceutical, and food & beverage industries and the rising demand for more efficient filters and are also the key factors supporting the market growth. Filtration and separation technologies provide the promise of great opportunities for private investment companies and governmental research entities investing in the future. The increasing widespread of chronic diseases has propelled the demand for filtration products. Looking at the rapid development of the filtration over the recent years, it is clearly a response to growing population and urbanization. These trends drive the need for a larger and safer food supply, and industrial processes that provide goods and services.
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Furthermore, the US is the prominent leader in pharmaceutical-related R&D activities. For instance, according to the Pharmaceutical Research and Manufacturers Association, United States-based companies conduct over half the world’s R&D in pharmaceuticals worldwide. The presence of R&D bases of key pharmaceutical giants and biotech companies, which are the key consumers of filtration products, are the factors that positively influence the laboratory filtration market growth. However, high cost of filters, and environmental concern associated with it are some of the possible restraints of the laboratory filtration market during the forecast period.
Salient Trends of the Laboratory Filtration Market
- Membrane filters are designed to sterilize liquids and gases have fared quite successfully in a broad range of processes. As economic and market conditions lead pharmaceutical, biotechnology and vaccine manufacturers to search for ways to improve their efficiency by decreasing processing cost, re-using sterilizing-grade filters may be considered.
- There has been an increase in the use of filtration products to help the research activities in pharmaceutical and biopharmaceutical industries which is also contributing to the growth of the laboratory filtration market. New medicines are being developed as a result of clinical research in pharmaceutical companies and scientific institutions, helping the market growth.
- Microfiltration finds application in pharmaceuticals, food and beverage, biopharmaceuticals industries. Processes that involve rapid immobilization and selection of purified or unfractionated proteins find large-scale use of microfiltration and ultrafiltration
- Increasing purity requirements in the end user market and increasing focus on developing molecular biopharmaceuticals are also helping in driving the laboratory filtration market.
- The accelerating growth will provide immense growth opportunities to market participants. To make the most of these opportunities, laboratory filtration companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Companies considered and profiled in this market study
The Global Laboratory filtration Market study postulates constructive intuition globally which includes the companies who are the key players in Global Laboratory filtration Market, such as 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
Market-O-Nomics
- As of 2018, Microfiltration segment is the leading product segment of the global Laboratory filtration market. However, Ultrafiltration segment is expected to register highest CAGR in the forecast period.
- The Microfiltration segment has the highest market share and was valued at 0.84 billion in 2018 and is expected to grow at rate of 7.2 %. Use of microfiltration assemblies in food and beverage industry for quality assurance is one of the major reasons for enabling it to capture major portion of the market.
- The market for Filtration Media segment is expected to reach USD 1.84 billion by year 2030, growing at the highest CAGR of 7.2% during the forecast period.
- Filtration Accessories segment is expected to register a CAGR of 6.9% during 2019-2030.
- North American regional segment of the Laboratory Filtration market is expected to hold highest market share during 2019-2030, at a CAGR of 7.0%. However, Asia-Pacific will register highest CAGR in the forecast period.
Key Coverage of the Report
- Region and country wise statistics of the market from the period 2019-2030. While 2019 & 2017 has been utilized as historical data, 2018 is considered the base year. 2019-2030 have been derived as forecasts.
- Estimation of market size along with historic and forecasted trend analysis.
- Regulatory framework of each region.
- Regional up-coming technology outlook.
- Status of on-going trials and developments.
- Regional prevalence of the industry has been mapped.
- Demand and Supply GAP Analysis
- Regional Competitors Pricing Strategy
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments.
Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Reports and Data have segmented the Laboratory Filtration market on the basis of technology, product type, end use, and region:
Technology (Revenue in USD Million; 2019–2030)
- Microfiltration
- Reverse Osmosis
- Ultrafiltration
- Vacuum Filtration
- Nanofiltration
Product Type (Revenue in USD Million; 2019–2030)
- Filtration Assemblies
- Microfiltration Assemblies
- Reverse Osmosis Assemblies
- Ultrafiltration Assemblies
- Vacuum Filtration Assemblies
- Others
- Filtration Media
- Filter Papers
- Cellulose Filter Papers
- Glass Microfiber Filter Papers
- Quartz Filter Papers
- Membrane Filters
- Syringe Filters
- Syringeless Filters
- Capsule Filters
- Filtration Microplates
- Others
- Filter Papers
- Filtration Accessories
- Filter Holders
- Filter Funnels
- Filter Dispensers
- Filter Flasks
- Filter Housings
- Cartridges
- Vacuum Pumps
- Seals
- Other Accessories
End Use (Revenue in USD Million; 2019–2030)
- Pharmaceutical & Biopharmaceutical Companies
- Academic & Research Institutes
- Food & Beverage Companies
- Hospital & Diagnostic Laboratories
Regional Outlook (Revenue in USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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