Laboratory Filtration Market Is Estimated To Develop At A Cagr Of 7.8 % During The Forecast Period, Notes Mnm Study

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Rising application of filtration technology and growing demand for more efficient filters in the pharmaceutical, biopharmaceutical and food and beverage industries are key factors highlighting the Laboratory Filtration market growth.

[252 Pages Report] 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.

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Report Scope and Market Segmentation:

Report Metric

Details

Market Size Available for Years

2019–2026

Base Year Considered

2020

Forecast Period

2022–2026

Forecast Units

Value (USD Billion)

Segments Covered

Product, Technique, End user and Region

Geographies Covered

North America, Europe, APAC, Latin America and Middle East & Africa

Companies Covered

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), NS Filtration ApS (Denmark), Membracon (England), Synder Filtration (US), Filtros Anoia (Spain), Hawach Scientific (China), Prosperity Biotech (Shandong) Co., Ltd. (China).

The filtration media segment accounted for the largest share of the market

The filtration media segment accounted for the largest market share. The major factors driving market growth in this segment are the wider application of filtration media in processes such as sterilizing, final filtration, sample preparation, filtration of aqueous & organic solutions, fluid monitoring, and venting & gas filtration, as well as the increasing R&D activities in the biopharmaceutical & pharmaceutical industries.

Pharmaceutical & biopharmaceutical companies are the largest end users of the lab filtration market

Based on end user, the market is segmented into pharmaceutical & biopharmaceutical companies, the food & beverage industry, hospitals & diagnostic laboratories, and academic & research institutions. The pharmaceutical & biotechnology companies segment accounted for the largest market share

North America was the largest regional market for laboratory filtration.

The global laboratory filtration market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2020, 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%.

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. The company operates through three major segments—Healthcare, Life Science, and Performance Materials.

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