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“According to the research report published by Polaris Market Research, the Global Laboratory Filtration Market Size Is Expected To Reach USD 7.24 Billion By 2030., at a CAGR of 7.9% during the forecast period.”
Filtration refers to a physical separation process in which solid matter and fluid are separated from a liquid or gaseous mixture through a filter medium that permits the fluid to pass through but not the solid. This process is used in laboratories for the mechanical and physical separation of solids from liquids or gases. Filtration products are used in various applications such as sterilized filtration, bioburden reduction, air filtration, oil and gas filtration, and membrane filtration. This process is majorly utilized in the liquid purification process in pharmaceutical and biopharmaceutical companies.
This technique is one of the most crucial steps in laboratory processes related to environmental, chemistry, and life sciences applications. Laboratory filtration also finds its application in different fields, including drug discovery and development, microbial analysis, virus removal, research laboratories, and water purification treatment plants. It is also widely used in the food and beverage industries to remove liquids and separate liquids from solids.
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Laboratory Filtration Market: Driving Factors
Growing R&D investments in the pharmaceutical & biotechnology industries, surging demand for laboratory membrane filtration, and a growing number of research laboratories in the developing economies are propelling the growth of the global laboratory filtration market. The increasing demand for laboratory separation products in pharmaceutical and biotechnology businesses for the development of new medications is fueling the market growth. Further, a rise in the demand for high production filtration products during the down streaming process, the launch of advanced filtration methods for ultra-purification, and increasing usage of analytical instruments are anticipated to boost the market growth during the forecast period. Moreover, a growing number of companies looking for workplace health and safety regulations accelerates the laboratory filtration market growth. Other factors boosting the market growth include the rising requirement for higher separation products and increasing demand for hygiene products during a pandemic.
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Based on product type, the laboratory filtration market is segmented into filtration media, filtration assemblies, filtration accessories, and others. Filtration media is further sub-segmented into membrane filters, filter papers, filtration microplates, syringeless filters, syringe filters, capsule filters, and others. Filtration accessories have been categorized into microfiltration assemblies, ultrafiltration assemblies, reverse osmosis assemblies, vacuum filtration assemblies, and others. Filtration assemblies are bifurcated into filter holders, filter flasks, filter funnels, dispensers, cartridges, filter housings, vacuum pumps, seals, and others.
On the basis of technique, the market is segmented into nanofiltration, ultrafiltration, microfiltration, reverse osmosis, and vacuum filtration. The laboratory microfiltration segment held the most significant revenue share in the global market in 2021 and is expected to continue its dominance in the foreseen period.
Based on end-use, the market is segmented into pharmaceutical and biotechnology companies, hospital and diagnostic laboratories, the food and beverage industry, and academic & research institutions.
Geographic Overview: Laboratory Filtration Market
Based on geography, North America witnessed the largest market share in 2021, owing to the foundation of cutting-edge laboratories and government support in fundamental research. The U.S. is the leading country in pharmaceutical research and development globally. There is a huge presence of R&D bases of major pharmaceutical and biotech businesses as well as considerable research and academic institutes supporting separation equipment. These factors make the country the biggest market for laboratory separation equipment.
Moreover, APAC is expected to account for a high CAGR in the global laboratory filtration market. Japan and India are projected to experience considerable growth owing to the developing pharmaceutical industry, a growing number of companies operating facilities in the region, and rising awareness and adoption of innovative separation technology. In addition, the growing emphasis of the healthcare and food & beverage industries on improving the quality of their products and examination solution.
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Laboratory Filtration Market: By Product Outlook
Laboratory Filtration Market: By Technique Outlook
Laboratory Filtration Market: By End-Use Outlook
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