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Laboratory Filtration Market Size to Reach USD 4.06 Billion by 2026 | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by Reports And Data

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Laboratory Filtration Market Size to Reach USD 4.06 Billion by 2026 | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by Reports And Data

April 22
18:24 2021
Laboratory Filtration Market Size to Reach USD 4.06 Billion by 2026 | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by Reports And Data
Owing to the technological developments and increasing application of filtration technologies in pharmaceutical and biotechnological as well as food & beverage laboratories, increasing research activities are key factors contributing to high CAGR of Immunohematology during forecast period.

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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Leading Players 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

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.

Further key findings from the report suggest

  • Laboratory Filtration market is growing at a CAGR of 5% in Asia-Pacific followed by North America & Europe, with 7.0% and 6.9% CAGR, respectively.
  • Currently, North America dominates the market for Laboratory Filtration, followed by Asia-Pacific and then Europe. Not much increase in the share of regions of MEA & Latin America is expected in the forecast period.
  • Growing research activities in pharmaceutical and biopharmaceutical industries and increasing usage of filtration products are also contributing to the growth of the laboratory filtration market. Clinical research in pharmaceutical companies and scientific institutions are resulting in the development of new medicines, which is also helping the market growth.
  • Filtration technology is a lively dynamic field where academic centers, corporate R&D labs and government research provide highly innovative developments. These factors are expected to boost the market positively during the forecast period.

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For the purpose of this study, Reports and Data have segmented the laboratory filtration market on the basis of technology, product, end-use and region:

Technology (Revenue in USD Million; 2016–2026)

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

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

  • 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
  • Filtration Accessories
    • Filter Holders
    • Filter Funnels
    • Filter Dispensers
    • Filter Flasks
    • Filter Housings
    • Cartridges
    • Vacuum Pumps
    • Seals
    • Other Accessories

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

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

Regional Outlook (Revenue in USD Million; 2016–2026)

  • 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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Table of contents            

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics

    3.1. Growing Purity Requirements in End-User Segments

    3.2. Increasing Funding for Research

    3.3. Rising number of small scale biopharmaceuticals companies across the world

Chapter 4. Laboratory Filtration Segmentation & Impact Analysis

    4.1. Laboratory Filtration Segmentation Analysis

    4.2. Laboratory Filtration Market Value Chain Analysis, 2016-2026

    4.3. Regulatory framework

    4.4. Laboratory Filtration Market Impact Analysis

          4.4.1. Market driver analysis

                  4.4.1.1. Launch of new transforming and innovative technology in lab filtration

                  4.4.1.2. Increasing research activities for pharmaceutical and biopharmaceutical

                  4.4.1.3. Rising usage of filtration in clinical laboratories

          4.4.2. Market restraint analysis

                   4.4.2.1. Stringent Government Regulations for Validation of the Filtration Process

                   4.4.2.2. Requirement of High Capital Investments for Setting Up Production Facilities

    4.5. Key opportunities prioritized

    4.6. Laboratory Filtration Pricing Analysis

    4.7. Industry analysis

    4.8. Laboratory Filtration PESTEL Analysis

…………………..

Chapter 9. Competitive Landscape

    9.1. Market Revenue Share by Manufacturers

    9.2. Manufacturing Cost Breakdown Analysis

    9.3. Mergers & Acquisitions

    9.4. Strategy Benchmarking

    9.5. Vendor Landscape

Chapter 10. Company Profiles

    10.1. Sigma-Aldrich Corporation

           10.1.1. Company Overview

           10.1.2. Financial Performance

           10.1.3. Product Length Benchmarking

           10.1.4. Strategic Initiatives

    10.2. Merck Millipore

           10.2.1. Company Overview

           10.2.2. Financial Performance

           10.2.3. Product Length Benchmarking

           10.2.4. Strategic Initiatives

Continued………….

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About Reports and Data                              

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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