Laboratory Filtration Market Hits USD 3.6 Billion By 2024: Grand View Research, Inc.
The laboratory filtration market is expected to reach
USD 3.6 billion by 2024, according to a new report by Grand View Research, Inc.
The increasing number of target diseases such as water-borne diseases,
immunodeficiency diseases, and cancer is anticipated to boost the market
growth. The increasing use of filtration technologies such as microfiltration,
nanofiltration, and ultrafiltration in water purification plants is expected to
enhance growth in this sector.
Technological advancements in filtration products have
resulted in an increase in the adoption rate of these products in clinical
laboratories for research purposes. The products introduced provide benefits
such high reliability, competency, and high throughput over the conventional
methods. For instance, Merck Millipores millex syringe filters filter
small-volume filtrates and these filters are ideally used for antibiotics and
tissue culture additives.
Browse full research report on Laboratory Filtration
Market: http://www.grandviewresearch.com/industry-analysis/laboratory-filtration-market
Further Key Findings From the Study Suggest:
- The
filtration media segment dominated this market in 2015, with a revenue
share of over 40%.The large share is attributed to its cost-effective
nature, higher efficiency, and reliability for industrial bioprocessing.
- Microfiltration
assemblies dominated the assembly segment in 2015. Some of the benefits
associated with microfilters such as easier availability, portability, and
easier disposal make them the highly preferred technology.
- The
microfiltration technology segment held the largest share in 2015, owing
to the increasing application of microfiltration in industrial
biotechnology and associated research.
- North
America dominated the overall market with a revenue share of over 42% in
2015, owing to the presence of well-equipped laboratories for life science
research, increasing investments in R&D, and the presence of
government funding programs for laboratory filter membrane business
owners.
- Asia
Pacific is anticipated to be the fastest growing region with a CAGR of
over 8.3%in the forecast period.Factors such as economic development,
untapped market opportunities, new emerging market, and advancing
healthcare system with the aid of supportive government initiatives are
anticipated to assist in growth.
- The
presence of major market players enhances the penetration of laboratory
filtration product in the market. Some of the key players are Merck
Millipore, Sigma-Aldrich, GE Healthcare, Thermo Fisher Scientific,
Sartorius Group, 3M Company, Cantel Medical Corporation, Macherey-Nagel
Gmbh& Co. Kg.
- The
key players are entering into collaborations such as mergers and
acquisitions with other key players to increase their market share. For
instance, in November 2015, Merck Millipore acquired Sigma-Aldrich to
enhance its life science segment, and this business segment based in the
U.S. is named as MilliporeSigma.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/biotechnology
Grand View Research has segmented the laboratory filtration
market on the basis of product, technology, and region:
Global Laboratory Filtration Market Product Outlook, by
Revenue (USD Million, 2015 - 2024)
- Filtration
Media
- Membrane
Filters
- Filter
Paper
- Quartz
Filter
- Cellulose
Filter Papers
- Glass
Microfiber Filter Papers
- Syringe
Filters
- Syringeless
Filters
- Capsule
Filters
- Filtration
Microplates
- Other
Filtration Media
- Filtration
Assemblies
- Ultrafiltration
Assemblies
- Microfiltration
Assemblies
- Vacuum
Filtration Assemblies
- Reverse
Osmosis Assemblies
- Other
Filtration Assemblies
- Filtration
Accessories
- Filter
Holders
- Filter
Dispensers
- Filter
Flasks
- Cartridge
Filters
- Filter
Funnels
- Filter
Housings
- Seals
- Vacuum
Pumps
- Other
Laboratory Filtration Accessories
Global Laboratory Filtration Market Technology Outlook
(USD Million, 2013 - 2024)
- Microfiltration
- Nanofiltration
- Vacuum
Filtration
- Ultrafiltration
- Reverse
Osmosis
Laboratory Filtration Market Regional Outlook, by Revenue
(USD Million, 2013 - 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- MEA
- South
Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-laboratory-filtration-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more Info: www.grandviewresearch.com
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