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Laboratory Filtration Market Expected to Reach $6,807.40 Million by 2030

 

Report Code : A08423

quote The Technological developments in the field of filtration techniques such as use of advance nano filters and microfilters, further fuels the growth of the global Laboratory Filtration market. quote

Apoorva Srivastava
Senior Research Associate, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, Laboratory Filtration Market by Product, Technique and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030,” the Laboratory filtration market size was valued at $3,061.30 million in 2020, and is projected to reach $6,807.40 million by 2030, registering a CAGR of 8.3% from 2021 to 2030.

Filtration is a necessary process in almost all kind of laboratories related to environmental, chemistry, and life sciences applications. It is the most common technique used either to purify or concentrate samples in the laboratory. The basic equipment used for filtration process has evolved over the years and the market is witnessing modern, sophisticated filtration methods capable of ultra-purifying samples, which could not have been possible with conventional methods.

Increase in use and applications of filtration technology in almost all life science industries is expected to boost the laboratory filtration market growth. Furthermore, the market for filtration products and technologies has witnessed tremendous growth in the recent years, due to surge in demand for various types of filters in food & beverage, chemical, pharmaceuticals and other related industries.

The major factors driving growth of the laboratory filtration market include rise in R&D activities; increase in purity requirements among end user segments; technological advancements in filtration technology such as nano fibers and membrane technology; and development of novel filters by various institutions. For instance, scientists and experts from the University of Manchester have successfully developed a high-performing membrane coating based around a new class of 2D materials, which has applications in pharmaceuticals, wastewater management, and foods & beverages sectors. 

Furthermore, key strategies adopted by various private and public companies significantly contribute toward the market growth. For instance, Sartorius AG acquires filtration specialist WaterSepBioSeparations, which complements Sartorius’s separation portfolio, added crossflow filtration units for easy-to-use bioprocessing devices. However, high cost of advanced filters with their installation charges and membrane fouling or degradation are the major challenges for the market growth.

By product, the market is fragmented into filtration media, filtration assemblies, and filtration accessories. The Filtration media segment led the market in 2020, and is expected to retain its dominance during the forecast period, owing to increase in demand for filtration products in biopharmaceutical and biopharmaceutical industries, research laboratories, and other related industries are likely to contribute toward the market growth.

By technique, the market is divided into nanofiltration, ultrafiltration, microfiltration, reverse osmosis, and vacuum filtration. The microfiltration segment led the market in 2020, and is expected to retain its dominance during the forecast period, owing to increase in demand for filtration techniques in almost every aspect of life sciences, especially this technique finds application in water purification and waste water treatment processes to curb problem of water scarcity. Thus, these factors are expected to contribute toward the market growth.

By end user, the market is categorized into pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, foods & beverages industry, and academic & research institutions. The pharmaceutical & biotechnology companies exhibited highest growth in 2020, and is expected to continue this trend during the forecast period. This is attributed to factors such as launch of new technologies for membrane filtration and increased research activities in the pharmaceutical and biotechnology industry.

North America accounted for a majority of the global laboratory filtration market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to presence of well-equipped laboratories for life science research, increasing investments in R&D, and presence of government funding programs for laboratory filter membrane business owners.

This report provides comprehensive competitive analysis and profiles of prominent market players such as 3M Company, Agilent Technologies, Inc, Antylia Scientific, Danaher Corporation, Merck KGaA, Sartorius AG, Steris (Cantel Medical Corporation), Sterlitech Corporation, Thermo Fisher Scientific Inc., and Veolia Water Technologies.

Key Findings Of The Study

  • By product, the filtration media segment was the highest contributor to the laboratory filtration market in 2020.
  • By technique, the microfiltration segment was the highest contributor to the laboratory filtration market in 2020.
  • By end user, the pharmaceutical & biotechnology companies segment is expected to witness the fastest laboratory filtration market growth during the forecast period.
  • By region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

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quote Laboratory Filtration Market by Product (Filtration Media, Filtration Accessories and Filtration Assemblies), Technique (Nanofiltration, Ultrafiltration, Microfiltration, Reverse Osmosis and Vacuum Filtration), and End User (Pharmaceutical & Biotechnology Companies, Hospitals and Diagnostic Laboratories, Food and Beverage Industry and Academic & Research Institutions), Global Opportunity Analysis and Industry Forecast, 2021-2030 quote

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