CHICAGO, April 23, 2024 /PRNewswire/ -- Laboratory
Filtration Market in terms of revenue was estimated to be
worth $4.1 billion in 2024 and is
poised to reach $6.1 billion by 2029,
growing at a CAGR of 8.3% from 2024 to 2029 according to a new
report by MarketsandMarkets™.
Some factors contributing to the growth of the global market
include rising R&D spending in pharmaceutical and biotechnology
industries, growing adoption of membrane filtration, increasing
demand for single-use filtration products, stringent regulatory
requirements. Despite this, concerns related to membrane fouling,
and contamination risks and need to preserve product integrity are
expected to hinder market growth.
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Browse in-depth TOC on "Laboratory Filtration Market"
740 - Tables
56 - Figures
559 -
Pages
Laboratory Filtration Market Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$4.1 billion
|
Estimated Value by
2029
|
$6.1 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 8.3%
|
Market Size Available
for
|
2022–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Product & Service,
Test Type, Allergen, and End User
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Latin America, and Middle East &
Africa
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Untapped market
potential in emerging economies
|
Key Market
Drivers
|
Growing adoption of
membrane filtration
|
The membrane filters segment accounted for the largest share
of the filters & filter media segment in the laboratory
filtration market in 2023.
Based on filters & filter media, the laboratory filtration
market is segmented into membrane filters, membrane sheets &
discs, filter media, depth filters, and other filters. Membrane
filters segment dominated the market in 2023 and is expected to
dominate the market in the forecast period. Membrane filters are
further segmented based on module into capsule filters, syringe
filters, syringeless filters, and other membrane filters. Among
these, capsule filters are most widely used as they feature a
capsule-shaped housing filled with membrane filter media, providing
a convenient and disposable solution for sterile filtration,
clarification, and particle removal.
The polyethersulfone (PES) segment is estimated to register
the highest growth rate during the forecast period in the
laboratory filtration market.
Based on material type, the filtration membrane market is
further segmented into Polyethersulfone (PES), Polyvinylidene
Difluoride (PVDF), Nylon, Polytetrafluoroethylene (PTFE), Mixed
Cellulose Ester & Cellulose Acetate (MCE & CA),
Polycarbonate Track-etched (PCTE), and other filtration membrane
(polypropylene (PP), cellulose nitrate (CN), regenerated cellulose
(RC), gelatin, PETE, and polyvinylchloride (PVC)). PES filtration
membrane are most widely used due to their hydrophilic nature, high
flow rates, high chemical resistance, low protein-binding
properties, and stability in alkaline pH.
The Asia Pacific region will
be the fastest-growing region of the laboratory filtration market
in 2023.
Based on the region, the laboratory filtration market is
segmented into major regions: North
America, Europe,
Asia Pacific, Latin America, Middle East and Africa. The Asia
Pacific is anticipated to register fastest growth in the
laboratory filtration owing to the increasing adoption of
filtration techniques, research & manufacturing facility
expansions by pharmaceutical companies, high government investments
& fundings for R&D, and growing biotechnology
industries.
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Laboratory Filtration Market Dynamics:
Drivers:
1. Growing adoption of membrane filtration
Restraints:
1. Concerns related to membrane fouling
Opportunities:
1. Untapped market potential in emerging economies
Challenge:
1. Availability of alternative technologies
Key Market Players of Laboratory Filtration
Industry:
Key players in the laboratory filtration market include Merck
KGaA (Germany), Danaher
Corporation (US), Sartorius AG (Germany), Thermo Fisher Scientific, Inc. (US),
3M Company (US), Agilent
Technologies, Inc. (US), Veolia Water Technologies (France), Eaton Corporation plc (Ireland), GEA Group (Germany), Avantor, Inc. (US), Alfa Laval
Corporate AB (Sweden), Steris PLC
(US), MANN+HUMMEL International GmbH & Co. KG (Germany), Ahlstrom (Finland), GVS S.P.A. (Italy), Membrane Solutions (US), Cole-Parmer
Instrument Company, LLC (US), Meissner Filtration Products, Inc.
(US), Sterlitech Corporation (US), Synder Filtration, Inc. (US),
Hangzhou Cobetter Filtration Equipment Co., Ltd. (China), Toyo Roshi
Kaisha, Ltd. (Japan),
Rephile Bioscience Ltd. (US), Kovalus Separation Solutions (US),
Nupore Filtration Systems Pvt. Ltd. (India), and Hawach (China), and Filtros Anoia (Spain).
The primary interviews conducted for this report can be
categorized as follows:
- By Respondent: Supply Side- 70% and Demand Side 30%
- By Designation: Managers - 45%, CXO & Directors - 30%, and
Executives - 25%
- By Region: North America -40%,
Europe -25%, Asia-Pacific -25%, Latin America -5% and Middle East & Africa- 5%
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Recent Developments of Laboratory Filtration
Industry:
- In October 2023, Cytiva (US)
announced the opening of a 33,000 ft2 manufacturing facility in
Pune, India. The new facility will
manufacture bioprocessing equipment such as tangential flow, virus
filtration, and inactivation systems.
- In July 2023, Avantor, Inc.
announced plans to expand its Bridgewater, N.J. Innovation Center. The new
Bridgewater Innovation Center's labs will focus on upstream and
downstream process development, chemistry and material science,
analytical and bioanalytical, viral vector workflows and electronic
materials.
Laboratory Filtration Market - Key Benefits of Buying the
Report:
The report will help market leaders/new entrants by providing
them with the closest approximations of the revenue numbers for the
overall laboratory filtration market and its subsegments. It will
also help stakeholders better understand the competitive landscape
and gain more insights to better position their business and make
suitable go-to-market strategies. This report will enable
stakeholders to understand the market's pulse and provide them with
information on the key market drivers, restraints, opportunities,
and challenges.
The report provides insights on the following
pointers:
- Analysis of key drivers (rising R&D spending in
pharmaceutical and biotechnology industries, growing adoption of
membrane filtration, increasing demand for single-use filtration
products, and stringent regulatory requirements), restraints
(concerns related to membrane fouling and contamination risks &
need to preserve product integrity), opportunities (untapped market
potential in emerging economies and advances in nanofiltration
technology), and Challenges (availability of alternative
technologies) influencing the growth of the market.
- Product Development/Innovation: Detailed insights on newly
launched products of the laboratory filtration market
- Market Development: Comprehensive information about lucrative
markets - the report analyses the market across varied
regions.
- Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the laboratory filtration market
- Competitive Assessment: Merck KGaA (Germany), Danaher Corporation (US), Sartorius
AG (Germany), Thermo Fisher
Scientific, Inc. (US), 3M Company
(US), Agilent Technologies, Inc. (US), Veolia Water Technologies
(France), Eaton Corporation plc
(Ireland), GEA Group (Germany), Avantor, Inc. (US), Alfa Laval
Corporate AB (Sweden), among
others in the market.
Related Reports:
Pharmaceutical Membrane Filtration Market - Global
Forecasts to 2029
Sterile Filtration Market - Global Forecasts to
2028
Sterility Testing Market - Global Forecasts to
2028
Pharmaceutical Filtration Market - Global Forecasts
to 2028
Hollow Fiber Filtration Market - Global Forecasts to
2026
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