12th February 2020 – According to new research study available with Million Insights, market
report on Laboratory Filtration is foretold to provide a robust
support for industry players to lay a solid foundation for their business
growth. It includes a comprehensive evaluation of the market’s growth status
and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
The global Laboratory Filtration Market
is expected to value at USD 3.6 billion by 2024. The market is subject to
witness a substantial growth due to the growing prevalence of target diseases
such as water-borne diseases, immunodeficiency diseases, and cancer. The rise
in the number of application in pharmaceutical, biopharmaceutical, and food
& beverage industries for filtration technology and the introduction of
efficient filters are the major contributing factors accentuating the industry
growth, in the recent years. Globally, the laboratory filtration industry is
predicted to grow at higher CAGR in the forecast period, providing numerous
opportunities for market players to invest for research and development in the
market.
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a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/laboratory-filtration-market/request-sample
Laboratory filtration provide sanitized
filtration, bio-burden reduction, air purification, oil & gas filtration
and membrane filtration. The recent technological advancements in
pharmaceutical and biopharmaceutical industry coupled with introduction of
novel technologies for large volume filtration are expected to fuel the growth
of laboratory filtration market over the forecast period. Introduction of
particulate filter, which is manufactured by 3M Purification, Inc., uses advanced
pleat technology in order to increase the filtration surface area at the same
time controlling standard filter dimensions.
Some of the common application of the
laboratory filtration solution include drug discovery & development,
microbial diagnosis, virus identification, research laboratories, and water
purification & water treatment plants. High-end requirement for throughput
filtration products while the performing down-streaming process, substantial
increase in the use of analytical instruments, and adoption of highly
sophisticated filtration methods for ultra-purification are anticipated to
foster the growth of laboratory filtration industry over the next seven years.
Advent of a broad range of ash-less filter papers and qualitative filter papers
to carry out quantitative routine analysis and general laboratory filtration
processes are driving industry growth in the recent years.
Growing prevalence of water-borne
diseases such as cholera, diarrhea, and typhoid, particularly in the African
region and Asia-Pacific region are expected to stimulate market demand for
laboratory filtration with improved filtration capacity and efficiency in the
near future. Growing adoption of new age filter membranes such as Nalgene to
perform microbial analysis are predicted to play a major role for future
industry growth.
The laboratory filtration market is
broadly categorized into five major segments based on the application type such
as microfiltration, nano-filtration, vacuum filtration, ultrafiltration, and
reverse osmosis. The microfiltration is considered as one of the fastest
growing segment in the laboratory filtration industry with substantial revenue
generation in the last few years. Growing popularity of the microfiltration
segment is attributed to the increasing adoption of old sterilization of API
and enzymes and for separation of solid-liquid phases across number of end-user
industries. The ultrafiltration segment has also witnessed substantial growth
owing to their numerous advantages such as simple treatment process, easy
handling, and low energy consumption over the traditional techniques.
The laboratory filtration market is
divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
in the implementation of latest technologies in pharmaceutical & medicine
sector, increase in the number of research & development activities in the
region, presence of a large number of generic drug manufactures, and existence
of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold
major market share in the laboratory filtration with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with the strong economic growth, favorable laws &
regulation regarding approval rate, presence of well-developed laboratories,
and the increasing government funding for basic research and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the laboratory
filtration industry are Merck Millipore Co., Sigma-Aldrich Co., GE Healthcare
Pvt., Ltd., Thermo Fisher Scientific Pvt., Ltd., Sartorius Group AG, 3M
Purification, Inc., Cantel Medical Co., and Macherey-Nagel Gmbh& Co., KG.
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