Laboratory Filtration Market Worth About USD 3.6 billion By 2025
The global Laboratory Filtration Market is expected to value at USD 3.6 billion by 2024. The market is subject to witness a substantial growth due to the growing prevalence of target diseases such as water-borne diseases, immunodeficiency diseases, and cancer. The rise in the number of application in pharmaceutical, biopharmaceutical, and food & beverage industries for filtration technology and the introduction of efficient filters are the major contributing factors accentuating the industry growth, in the recent years. Globally, the laboratory filtration industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
Laboratory
filtration provide sanitized filtration, bio-burden reduction, air
purification, oil & gas filtration and membrane filtration. The recent
technological advancements in pharmaceutical and biopharmaceutical industry
coupled with introduction of novel technologies for large volume filtration are
expected to fuel the growth of laboratory filtration market over the forecast
period. Introduction of particulate filter, which is manufactured by 3M
Purification, Inc., uses advanced pleat technology in order to increase the
filtration surface area at the same time controlling standard filter
dimensions.
Request Sample Copy of This Market Research @
https://www.millioninsights.com/industry-reports/laboratory-filtration-market/request-sample
Some of the common application of the laboratory filtration solution include drug discovery & development, microbial diagnosis, virus identification, research laboratories, and water purification & water treatment plants. High-end requirement for throughput filtration products while the performing down-streaming process, substantial increase in the use of analytical instruments, and adoption of highly sophisticated filtration methods for ultra-purification are anticipated to foster the growth of laboratory filtration industry over the next seven years. Advent of a broad range of ash-less filter papers and qualitative filter papers to carry out quantitative routine analysis and general laboratory filtration processes are driving industry growth in the recent years.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/laboratory-filtration-market
Growing
prevalence of water-borne diseases such as cholera, diarrhea, and typhoid,
particularly in the African region and Asia-Pacific region are expected to
stimulate market demand for laboratory filtration with improved filtration
capacity and efficiency in the near future. Growing adoption of new age filter
membranes such as Nalgene to perform microbial analysis are predicted to play a
major role for future industry growth.
The
laboratory filtration market is broadly categorized into five major segments
based on the application type such as microfiltration, nano-filtration, vacuum
filtration, ultrafiltration, and reverse osmosis. The microfiltration is
considered as one of the fastest growing segment in the laboratory filtration
industry with substantial revenue generation in the last few years. Growing
popularity of the microfiltration segment is attributed to the increasing
adoption of old sterilization of API and enzymes and for separation of
solid-liquid phases across number of end-user industries. The ultrafiltration
segment has also witnessed substantial growth owing to their numerous
advantages such as simple treatment process, easy handling, and low energy
consumption over the traditional techniques.
The
laboratory filtration market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
pharmaceutical & medicine sector, increase in the number of research &
development activities in the region, presence of a large number of generic
drug manufactures, and existence of well-established industrial infrastructure.
Asia-Pacific
region is predicted to hold major market share in the laboratory filtration
with massive growth in forecast period. Countries such as India, China and
Singapore are leading the Asia-Pacific market with the strong economic growth,
favorable laws & regulation regarding approval rate, presence of
well-developed laboratories, and the increasing government funding for basic
research and significant investment by leading industry players considering
potential growth opportunities in the region.
Comments
Post a Comment