Growth in this market is majorly driven by the
increasing demand for membrane filtration and rising purity requirements in
end-user segments. However, technological developments and alternative
technologies are expected to restrain the growth of the laboratory filtration
market to a certain extent during the forecast period.
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Laboratory filtration finds applications in a
variety of fields such as drug discovery and development, microbial analysis,
virus removal, research laboratories, and water treatment plants.
Market Segmentation
Based on technique, the market is segmented into microfiltration,
ultrafiltration, reverse osmosis, vacuum filtration, and nanofiltration. The
microfiltration segment accounted for the largest share
Based on end user, the laboratory filtration market is segmented into
pharmaceutical & biopharmaceutical companies, the food & beverage
industry, hospitals & diagnostic laboratories, and academic & research
institutions. the pharmaceutical & biotechnology companies segment
accounted for the largest share of the market.
Regional Analysis
North America accounted for the largest share of
the market. The growth of the market in North America is mainly driven by the
large number of pharmaceutical & biotechnology and food & beverage
companies in the region, the presence of a well-established healthcare market,
and the stringent regulatory scenario in the pharmaceutical industry.
Key Market Players
The prominent players in the market are Merck
Millipore (US), Danaher Corporation (US), Sartorius AG (Germany), 3M Company
(US), GEA GROUP AKTIENGESELLSCHAFT (Germany), Steris (US), Thermo Fisher
Scientific (US), Veolia Water Technologies (France), Avantor, Inc. (US), GVS
S.p.A (Italy), MANN+HUMMEL (Germany), Agilent Technologies, Inc. (US),
Ahlstrom-Munksjö (Finland), MACHEREY-NAGEL GmbH & Co. KG (Germany), AMD
Manufacturing, Inc. (Canada), Koch Membrane Systems (US), Cole-Parmer (US),
AQUAPORIN A/S (Denmark), and Sterlitech Corporation (US).
Expected Revenue Growth:
The global laboratory filtration market is projected to
reach USD 5.3 billion by 2026 from USD 3.6 billion in 2021, at a CAGR of 7.8%
from 2021 to 2026.
Merck Millipore (US) is one of the prominent players
in the global laboratory filtration market. The company is a supplier of lab
materials, services, and technologies for the research, development, and
production of pharmaceutical & biotechnology drug therapies.