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.
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What is laboratory filtration?
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 Report Highlights
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Market Size in 2021
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USD 3.63 billion
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Market Size in 2028
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USD 6.14 billion
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Market Growth (2022-2028)
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7.76% CAGR
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Base Year of Study
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2021
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Trend Period
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2016-2020
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Forecast Period
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2022-2028
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Market Dynamics
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.
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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.
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Critical Questions Answered in the Report
- What are the key trends in the global market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the global market?
- What are the key strategies adopted by the major vendors to lead in the market?
- What is the market share of the top vendors?
Market 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)
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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.
What Deliverables Will You Get in this Report?
Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth Analysis of the Laboratory Filtration Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market Segment Analysis and Forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirements?
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10% free customization
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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.