Laboratory Filtration Market Scope
Filtration is a technique which is used to separate solids from liquids or can be defined as the act of pouring a mixture onto a membrane (filter paper) that permits the passage of liquid (the filtrate) and collect of the solid part of the solution. The filter medium may be a surface filter, which is a solid that traps solid particles, or a depth filter, which is a bed of material that traps the solid. Filtration is inevitable in various application. It is an essential step in the field of life science, pharmaceuticals, environmental monitoring and industrial quality control.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Sartorius AG (Germany), Cole-Parmer India Pvt. Ltd. (India), Sigma-Aldrich (United States), Merck Millipore (United States), GE Healthcare (United Kingdom), Rocker Scientific Co., Ltd. (Taiwan), Thermo Fisher Scientific (United States), 3M Purification, Inc. (United States) and Macherey-Nagel GmbH & Co. KG. (Germany) |
CAGR | 7.9% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Laboratory Filtration market throughout the predicted period.
Sartorius AG (Germany), Cole-Parmer India Pvt. Ltd. (India), Sigma-Aldrich (United States), Merck Millipore (United States), GE Healthcare (United Kingdom), Rocker Scientific Co., Ltd. (Taiwan), Thermo Fisher Scientific (United States), 3M Purification, Inc. (United States) and Macherey-Nagel GmbH & Co. KG. (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Cantel Medical Corporation (United States), Filtros Anoia, SA (Spain) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Laboratory Filtration market by Type , by Application (Pharmaceutical & Biotechnology, Chemical, Colour & Coating, Food & Beverages, Mineral Oil, Healthcare and Others) and Region with country level break-up.
On the basis of geography, the market of Laboratory Filtration has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2019- Thermo Fisher Scientific Inc., the world leader in serving science, has announced that it has entered into a definitive agreement to acquire a drug substance manufacturing site in Cork, Ireland, from GlaxoSmithKline plc. The Cork site will expand capacity to meet customer demand for the development and commercial manufacturing of complex active pharmaceutical ingredients (APIs).
In November 2021, Life science group Sartorius has launched a new series of vacuum filtration units designed to offer faster and higher capacity filtration with greater physical stability for a wide range of sample types.
Influencing Trend:
Increasing Prevalence of Chronic Diseases and Raising Adoption of ultrafiltration in Food Processing Industry
Market Growth Drivers:
Rising Application of Filtration Technologies in Different Laboratories, Growing Research Activities for Pharmaceutical and Biopharmaceutical and Rising R&D spending in pharmaceutical & biotechnology industries
Challenges:
High Cost of Raw Material
Restraints:
Requirement of Large Capital Investments for Production Facilities and Lack of favorable reimbursement scenario
Opportunities:
New Transforming and Innovative Technology in Lab Filtration and Advances in Nanofiber Technology
Key Target Audience
Manufacturers of Laboratory Filtration, Suppliers of Laboratory Filtration, Wholesalers, Distributors and Retailers of Laboratory Filtration, Healthcare Industry, Research Organization, Laboratories and Governmental Bodies