DUBLIN--(BUSINESS WIRE)--The "Laboratory Filtration Market by Product (Filter Media, Filtration Assembly, Accessories), Technology (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis), End User (Pharma, Biopharma, F&B, Academic institutes) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
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.
Growth in this market is majorly driven by the growing demand for membrane filtration technology, increasing manufacturing of biosimilars, and the growing focus on developing large-molecule biopharmaceuticals.
The filtration media segment will register the highest growth in the market, by product
Based on product, the market is segmented into filtration media (filter papers, membrane filters, syringe and syringeless filters, filtration microplates, and other filtration media), filtration assemblies (microfiltration assemblies, reverse osmosis assemblies, ultrafiltration assemblies, vacuum filtration assemblies, and other filtration assemblies), and filtration accessories (filter holders, filter funnels, filter flasks, membrane dispensers, filter housings, cartridges, vacuum pumps, seals, and other filtration accessories). The filtration media segment is expected to witness the highest CAGR in the laboratory filtration market during the forecast period. The large share of this segment can be attributed to the high usage of filtration media in different industries like the food & beverage industry. Their high usage and the need for repeat purchases equate to a larger market share and higher growth rate.
Microfiltration testing is the largest technique segment of the laboratory filtration industry
Based on technique, the market is segmented into microfiltration, ultrafiltration, reverse osmosis, vacuum filtration, and nanofiltration. In 2020, the microfiltration segment accounted for the largest share of the laboratory filtration market. This can be attributed to the increasing use of microfiltration membranes as a prefilter to ultrafiltration and reverse osmosis and rising pharmaceutical and biologics R&D.
North America will continue to dominate the laboratory filtration market during the forecast period
By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of the laboratory filtration market. The large share of North America can be attributed to increasing health and environment concerns, which, in turn, has led to the formulation of stringent legislation regarding the quality of culture media and reagent grade. Moreover, increasing research on the development of drugs will also boost demand, thereby driving regional growth over the forecast period.
Market Dynamics
Drivers
- Rising R&D Spending in Pharmaceutical & Biotechnology Industries
- Growing Demand for Membrane Filtration
- Increasing Purity Requirements in End-User Segments
- Increasing Focus on Developing Large-Molecule Biopharmaceuticals
Opportunities
- Untapped Market Potential of Emerging Regions
- Advances in Nanofiber Technology
Challenges
- High Price Sensitivity Among End-users
- Technological Developments and Alternative Technologies
- High Capital Investments for Setting Up Production Facilities
Companies Mentioned
- 3M Company
- Advantec Toyo Roshi Kaisha, Ltd.
- Agilent Technologies, Inc.
- Ahlstrom-Munksjo
- Amd Manufacturing Inc.
- Avantor, Inc.
- Cole-Parmer Instrument Company, LLC.
- Danaher Corporation
- Filtros Anoia
- Gea Group Aktiengesellschaft
- Gvs S.P.A.
- Hawach Scientific Co. Ltd.
- Koch Separation Solutions, Inc.
- Macherey-Nagel GmbH & Co. Kg
- Mann+Hummel
- Membracon
- Merck Millipore
- Ns Filtration Aps
- Prosperity Biotech (Shandong) Co. Ltd.
- Sartorius Ag
- Steris plc
- Sterlitech Corporation
- Synder Filtration
- Thermo Fisher Scientific, Inc.
- Veolia Water Technologies (A Part of Veolia Environment S.A.)
For more information about this report visit https://www.researchandmarkets.com/r/lrstr6
