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. 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 laboratory filtration industry”
Based on technique, the market is segmented into microfiltration, ultrafiltration, reverse osmosis, vacuum filtration, and nanofiltration. In 2020, 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 2020, 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 legislation 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.
The primary interviews conducted for this report can be categorized as follows:
- By Respondent: Supply Side- 80% and Demand Side 20%
- By Designation: C-level - 25%, D-level - 20%, and Others - 55%
- By Region: North America -50%, Europe -20%, Asia-Pacific -20%, RoW -10%
This report provides a detailed picture of the laboratory filtration market. It aims at estimating the size and future growth potential of the market across different segments such as the product, technique, end user and region. The report also includes an in-depth competitive analysis of the key market players along with their company profiles recent developments and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall laboratory filtration market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market’s pulse and provide them with information on the key market drivers, restraints and opportunities.