Jan 18, 2020   SOURCE: BusinessWire

Global Laboratory Filtration Market is Projected to Reach USD 4.1 Billion by 2025 from USD 2.5 Billion in 2019, at a CAGR of 8.3% - ResearchAndMarkets.com

The "Laboratory Filtration Market by Product (Filtration Assembly, Filter Media Accessories), Technology (Ultrafiltration, Microfiltration, Nanofiltration, RO), End User (Pharmaceutical, Biopharmaceutical Company, F&B), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global laboratory filtration market is projected to reach USD 4.1 billion by 2025 from USD 2.5 billion in 2019, at a CAGR of 8.3%.

Rising demand for lab filters from pharmaceutical & biotechnology companies to drive market growth

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 lab filtration industry

Based on technique, the market is segmented into microfiltration, ultrafiltration, reverse osmosis, vacuum filtration, and nanofiltration. In 2018, 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 2018, 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 legislations 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.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights into:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the laboratory filtration market. The report analyzes this market by product, technique, end user, and region.
  • Market Development: Comprehensive information on the lucrative emerging markets by product, technique, end user, and region.
  • Market Diversification: Exhaustive information about products, growing geographies, recent developments, and investments in the laboratory filtration market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of leading players in the laboratory filtration market.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency

1.5 Exchange Rates Utilized for the Conversion to USD

1.6 Stakeholders

1.7 Limitations

2 Research Methodology

2.1 Research Approach

2.2 Market Size Estimation

2.3 Data Triangulation Approach

2.4 Market Share Estimation

2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights

4.1 Laboratory Filtration Market Overview

4.2 Asia Pacific: Market, By Product & Country (2019)

4.3 Market: Geographic Growth Opportunities

4.4 Market: Regional Mix

4.5 Market: Developing vs Developed Countries

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

6 Industry Insights

6.1 Introduction

6.2 Industry Trends

6.3 Value Chain Analysis

6.4 Supply Chain Analysis

6.5 Porter's Five Forces Analysis

7 Laboratory Filtration Market, By Product

7.1 Introduction

7.2 Filtration Media

7.3 Filtration Assemblies

7.4 Filtration Accessories

8 Laboratory Filtration Market, By Technique

8.1 Introduction

8.2 Microfiltration

8.3 Ultrafiltration

8.4 Reverse Osmosis

8.5 Vacuum Filtration

8.6 Nanofiltration

9 Laboratory Filtration Market, By End User

9.1 Introduction

9.2 Pharmaceutical & Biopharmaceutical Companies

9.3 Academic & Research Institutes

9.4 Food & Beverage Companies

9.5 Hospital & Diagnostic Laboratories

10 Laboratory Filtration Market, By Region

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 Latin America

10.6 Middle East & Africa

11 Competitive Landscape

11.1 Introduction

11.2 Competitive Leadership Mapping

11.3 Market Share Analysis

11.4 Market: Geographical Assessment

11.5 Product Portfolio Matrix

11.6 Competitive Assessment of R&D Expenditure

11.7 Competitive Situations and Trends

12 Company Profiles

12.1 Merck Millipore

12.2 Danaher Corporation

12.3 Sartorius AG

12.4 3M Company

12.5 GE Healthcare

12.6 GEA Group Aktiengesellschaft

12.7 Cantel Medical Corporation

12.8 Thermo Fisher Scientific, Inc.

12.9 Veolia Water Technologies (A Part of Veolia Environment S.A.)

12.10 Avantor, Inc.

12.11 GVS S.P.A.

12.12 Mann+Hummel

12.13 Agilent Technologies, Inc.

12.14 Ahlstrom-Munksj

12.15 Macherey-Nagel GmbH & Co. Kg

12.16 AMD Manufacturing, Inc.

12.17 Koch Membrane Systems, Inc.

12.18 Cole-Parmer Instrument Company, LLC.

12.19 Aquaporin A/S

12.20 Sterlitech Corporation

For more information about this report visit https://www.researchandmarkets.com/r/zbj20x