Laboratory Filtration Market Set to Hit $5.3 Billion by 2026
The global laboratory filtration market size 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. Growth in this market is majorly driven by the increasing demand for membrane filtration and rising purity requirements in end-user segments.
laboratory filtration market refers to the industry segment that produces and supplies various filtration products and equipment for use in scientific and research laboratories. These filtration products are used to separate or purify substances, such as liquids or gases, by passing them through a filter medium to remove impurities, particles, or contaminants.
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Key components of the laboratory filtration market include:
Filtration Products: This category includes a wide range of products, such as filter paper, membranes, syringe filters, vacuum filtration systems, filter cartridges, filter holders, and filter plates.
Filtration Equipment: Laboratory filtration equipment consists of devices and instruments used for filtration processes.
Applications: Laboratory filtration is used in diverse applications, including sample preparation, microbial analysis, DNA extraction, protein purification, environmental monitoring, and quality control in industries like pharmaceuticals and biotechnology.
End Users: The market serves a broad spectrum of end users, including academic and research institutions, pharmaceutical and biotechnology companies, food and beverage manufacturers, environmental testing laboratories, and healthcare facilities.
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Key Market Players
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 Separation Solutions (US), Cole-Parmer (US), AQUAPORIN A/S (Denmark), and Sterlitech Corporation (US).
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.
Danaher Corporation (US) is one of the leading players in the laboratory filtration market. The company has a wide range of products in the laboratory filtration segment. Danaher has a strong global network in more than 60 countries.
North America dominates the market
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.
Laboratory Filtration Market Dynamics
DRIVER: Rising R&D spending in pharmaceutical & biotechnology industries
CHALLENGES: High price sensitivity among end users
OPPORTUNITY: Advances in nanofiber technology
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