Laboratory Filtration Market Is Anticipated To Reach $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.
U.S.
Laboratory Filtration Market by Product, 2013 - 2024 (USD Million)
Browse full
research report on Laboratory Filtration Market: http://www.grandviewresearch.com/industry-analysis/laboratory-filtration-market
Further key
findings from the report 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 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.
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