Laboratory Filtration Market Worth 2.89 Billion USD by 2021
14 Apr, 2016, 14:30 BST
PUNE, India, April 14, 2016 /PRNewswire/ --
According to a new market research report "Laboratory Filtration Market by Technology (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis), by Product (Assembly, Filter Paper, Membrane, Syringe Filters, Filtration Microplate, Accessories) & by End User - Global Forecast to 2021", published by MarketsandMarkets, the global market is expected to reach USD 2.89 Billion by 2021, at a CAGR of 7.2% from 2016 to 2021.
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Owing to the technological developments and increasing application of filtration technologies in pharmaceutical and biotechnological as well as food & beverage laboratories, the Laboratory Filtration Market registered a healthy growth rate during the last decade. Laboratory filtration is extensively used for several applications including lab-scale DNA and protein separation and analysis, drug screening, cell culturing, and virus removal. Thus, increasing research activities in the biopharmaceuticals segment, and growing focus on development of biopharmaceutical molecules is boosting the growth of this market. However, stringent government regulations for validation of filtration processes and requirement of huge capital investments for setting up production facilities are expected to hinder the growth of Laboratory Filtration Market during the forecast period.
In 2015, North America accounted for the largest share of the global Laboratory Filtration Market, followed by Europe and Asia-Pacific. The presence of large number of filtration products manufacturers in the North American and European region has led to their large market share in the Laboratory Filtration Market. However, the Asia-Pacific region represents the highest growth opportunity for the Laboratory Filtration Market during the forecast period of 2016 to 2021. The growth in this market is primarily driven by increased focus of healthcare and food and beverage industries on improving the quality of products and research output.
In 2015, the membrane filters segment accounted for the largest market share of filtration media market, followed by filter papers and filtration microplate. The large share of membrane filters can be attributed to their wide application in sterilizing, final filtration, sample preparation, filtration of aqueous & organic solution, fluid monitoring, and venting & gas filtration as prefilters in ultrafiltration and vacuum filtration assemblies.
Microfiltration assemblies accounted for largest share of the filtration assemblies market in 2015 owing to their extensive applications in pharmaceutical & biopharmaceutical companies for quality checks, food & beverage companies, and processes that require rapid immobilization and screening of unfractionated or purified proteins, nucleic acids, or for microbiological analysis. The market for ultrafiltration assemblies is estimated to grow at a highest CAGR in filtration assemblies segment during the forecast period of 2016 to 2021, owing to its wide range of applications in pharmaceutical, biotechnology, and food & beverage industries.
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The pharmaceutical and biopharmaceutical companies dominated the end users market with the highest growth rate. The highest growth rate and market share of the segment can be attributed to the need for lab filtration in the development of biological molecules and increasing manufacturing of generics in the developed countries.
The major players in the Laboratory Filtration Market include Merck Millipore (U.S.) and Pall Corporation (U.S.), GE Healthcare (U.S.), Sartorius Group (Germany), 3M Purification Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Cantel Medical Corp. (U.S.), and Sigma-Aldrich Corporation (U.S.).
Browse Related Reports:
Pharmaceutical Membrane Filtration Market, By Technology (Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis & Ion Exchange), Application (Cell Separation, Protein Purification, Sterilization, Virus Removal & Water Management), Region (North America, Europe, Asia-Pacific, and RoW) - Trend & Forecast to 2018.
Medical Membrane Market, By Chemistry (PTFE, PVDF, PE, Modified Acrylic and Others), By Technology (Ultrafiltration, Microfiltration, Reverse Osmosis, Dialysis, Gas Separation, Others) By Application (Hemodialysis, Drug Delivery, IV Infusion Filters and Sterile Filtration, Others) and Geography - Trends & Forecast to 2020.
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