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  • Laboratory Filtration Market Growth Analysis | 2022-2028

    Laboratory Filtration Market Growth Analysis | 2022-2028

    Laboratory Filtration Market Growth Analysis | 2022-2028
    Report code - SRHL105 Delivery - 2 Weeks
    Laboratory Filtration Market Size, Share, Trend, Forecast, & Growth Analysis: 2022-202 See more...

    Market Insights

    The laboratory filtration market was estimated at USD 3.63 billion in 2021 and is likely to grow at a CAGR of 7.76% during 2022-2028 to reach USD 6.14 billion in 2028.

    Laboratory-Filtration-Market-Insights

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    Major factors such as rising R&D spending in the pharmaceutical & biopharmaceutical industry, growing demand for membrane filtration technology, increasing purity requirements in end-user segments, and growing emphasis on developing large-molecule biopharmaceuticals are expected to drive the growth of the market during the forecast period.

    Laboratory Filtration is a mechanical or physical process that separates solids from liquids or gases by passing only the fluid through a medium. Filtration is the separation of solids from liquids or gases using physical, biological, and mechanical means.

    Laboratory Filtration Market Features

    Market Size in 2021

    USD 3.63 billion

    Market Size in 2028

    USD 6.14 billion

    Market Growth (2022-2028)

    7.76% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Product Type (Filtration Media {Membrane Filters, Filter Papers, Filtration Microplates, Syringeless Filters, Syringe Filters, Capsule Filters, and Other Filtration Media}, Filtration Assemblies {Microfiltration Assemblies, Ultrafiltration Assemblies, Reverse Osmosis Assemblies, Vacuum Filtration Assemblies, and Other Filtration Assemblies}, and Filtration Accessories {Filter Holders, Filter Flasks, Filter Funnels, Filter Dispensers, Cartridge Filters, Filter Housings, Vacuum Pumps, Seals, and Other Filtration Accessories}),

    By Technique Type (Microfiltration, Ultrafiltration, Reverse Osmosis, Vacuum Filtration, and Nanofiltration),

    By End-User Type (Pharmaceutical & Biotechnology Companies, Food & Beverage Industry, Hospitals & Diagnostic Laboratories, and Academic & Research Institutions),

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World).

    Segments Analysis

    By Product Type

    Based on the product type, the market is segmented as filtration media, filtration assemblies, and filtration accessories. The filtration media segment is likely to be the major product type, during the forecast period, largely due to the increase in demand for filtration in the biotechnology industry. In addition, increasing investment in R&D activities in the biopharmaceutical & pharmaceutical industry is further expected to drive the growth of the market during the forecast period.

    By End-User Type

    Based on the end-user type, the market is segmented as pharmaceutical & biotechnology companies, food & beverage industry, hospitals & diagnostic laboratories, and academic & research institutions. Pharmaceutical & biotechnology companies are expected to gain the majority of the share of the market over the forecast period. The growth of the segment can be attributed to the increasing demand for filtration in pharmaceutical & biotechnology companies, the development of large molecules, and the adoption of the ultrafiltration process in the development of biopharmaceutical products.

    Regional Insights

    In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these regions, North America is expected to be the most dominant region throughout the forecast period. The presence of a large number of pharmaceutical and food & beverage companies, a robust healthcare sector, increasing R&D investments, well-established laboratories, and the presence of government funding programs for laboratory filter membrane business owners all contribute to the region's market growth. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Laboratory-Filtration-Market-Regional-Insights

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    Market Scope & Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The laboratory filtration market is segmented into the following categories. 

    By Product Type

    • Filtration Media
    • Filtration Assemblies
    • Filtration Accessories

    By Technique Type

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

    By End-User Type

    • Pharmaceutical & Biotechnology Companies
    • Food & Beverage Industry
    • Hospitals & Diagnostic Laboratories
    • Academic & Research Institutions

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the key players in the laboratory filtration market are-

    • 3M Company,
    • Agilent Technologies, Inc.,
    • Antylia Scientific,
    • Danaher Corporation,
    • Merck KGaA,
    • Sartorius AG,
    • Steris Plc,
    • Sterlitech Corporation,
    • Thermo Fisher Scientific, Inc.,
    • Veolia Water Technologies.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the product types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    The market was estimated at USD 3.63 billion in 2021.

    The market is likely to reach USD 6.14 billion in 2028.

    Some of the key players in the market are 3M Company, Agilent Technologies, Inc., Antylia Scientific, Danaher Corporation, Merck KGaA, Sartorius AG, Steris Plc, Sterlitech Corporation, Thermo Fisher Scientific, Inc., and Veolia Water Technologies.

    The market is likely to grow at a CAGR of 7.76% during 2022-2028.

    North America is estimated to be the leading region in this market.

    Laboratory Filtration is a mechanical or physical process that separates solids from liquids or gases by passing only the fluid through a medium. Filtration is the separation of solids from liquids or gases using physical, biological, and mechanical means.

    Major factors such as rising R&D spending in the pharmaceutical & biopharmaceutical industry, growing demand for membrane filtration technology, increasing purity requirements in end-user segments, and growing emphasis on developing large-molecule biopharmaceuticals are expected to drive the growth of the market during the forecast period.