What Are The Major Driving Factors Of Laboratory Filtration Market?

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Growth in this market is majorly driven by the increasing demand for membrane filtration and rising purity requirements in end-user segments. However, technological developments and alternative technologies are expected to restrain the growth of the laboratory filtration market to a certain extent during the forecast period.

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Laboratory Filtration Market

Pharmaceutical and biotechnology companies use laboratory filtration products for making new drugs. The importance of drugs based on biotechnology is expected to grow. According to Evaluate Pharma, biotechnology products will account for 37% of the total prescription and OTC sales in 2026, up from 30% in 2020. By 2026, biotechnology will account for more than half the 100 top-selling medicines (Source: Evaluate Pharma).

Industry Overview:

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. The growth of this market include the increasing purity requirements ...
... in end-user segments and the growth of the biopharmaceutical industry.

Market Segmentation

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. The global laboratory filtration market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of 37.4% of the global laboratory filtration market, followed by Europe with a share of 30.0%.

The laboratory filtration market is highly consolidated, with a few players competing for a larger market share. Prominent players in this market include Merck Millipore (US), Danaher Corporation (US), Sartorius AG (Germany), 3M Company (US), GEA GROUP AKTIENGESELLSCHAFT (Germany), STERIS (US), Thermo Fisher Scientific (US), Veolia Water Technologies (France), Avantor, Inc (US), GVS S.p.A (Italy), MANN+HUMMEL (Germany), Agilent Technologies, Inc (US), Ahlstrom-Munksjö (Finland), MACHEREY-NAGEL GmbH & Co. KG (Germany), AMD Manufacturing, Inc (Canada), Koch Separation Solutions (US), Cole-Parmer (US), AQUAPORIN A/S (Denmark), and Sterlitech Corporation (US).

Merck Millipore (US) is one of the prominent players in the global laboratory filtration market. The company is a supplier of lab materials, services, and technologies for the research, development, and production of pharmaceutical & biotechnology drug therapies. The company also has an extensive distribution channel across the globe.

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This study involved four major activities in estimating the current size of the laboratory filtration market. Exhaustive secondary research was carried out to collect information on the market and its peer markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.