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New York, March 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Laboratory Filtration Equipment Industry" – https://www.reportlinker.com/p05817887/?utm_source=GNW
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Global Laboratory Filtration Equipment Market to Reach US$2.2 Billion by the Year 2026
Laboratory filtration equipment is a small, yet significant part of the filtration equipment market, mainly consisting of microfiltration, ultrafiltration and reverse osmosis products. Laboratory filtration equipment enables sample clarification and particle sampling prior to analysis, sample sterilization, mobile phase filtration, and in membrane-based microbiology. Growth in the global market is set to be driven by the growing research and development activities in the areas of medicine and healthcare, and in biotechnology and pharmaceutical industries. Demand for filtration devices is increasing also by the need to make the products pure and safe with minimal risk of contamination. One of the major market drivers is the sustained growth of the pharmaceutical industry across the world. Laboratory filtration is extensively used to in the pharmaceutical industry to ensure purity and sterility of products in drug discovery and development, manufacturing, water purification, microbial analysis & removal, and life sciences research. Laboratory filtration equipment finds a wide a range of applications in the food & beverage industry, as a means to separate liquids from solids and to clarify liquid products. The continuous and rapid growth of the food and beverage industry in turn drives growth of the filtration equipment market. In addition, leading manufacturers are providing researchers and laboratories with easy and cost-effective filtration solutions that help maximize their efficiencies. Other key market drivers include advancements in filtration technology, requirements of higher purity of laboratory samples, and the increasing need for the development of large-molecule biopharmaceuticals.
Amid the COVID-19 crisis, the global market for Laboratory Filtration Equipment estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2026, growing at a CAGR of 7.7% over the analysis period. Microfiltration, one of the segments analyzed in the report, is projected to grow at a 7.7% CAGR to reach US$721.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ultrafiltration segment is readjusted to a revised 9.7% CAGR for the next 7-year period. This segment currently accounts for a 17.3% share of the global Laboratory Filtration Equipment market. Growing adoption of microfiltration is attributed to its high thermal stability and chemical resistance. Further, microfiltration allows high separation facility without the requirement of additional solvents, thus enabling easy implementation and operation of the technique. The growth of Ultrafiltration segment is driven by increasing R&D activities in the pharmaceutical industry and a wide range of application areas in the food & beverage sector. Moreover, the growing need for the manufacture of biotherapeutic molecules would also create increased demand for ultrafiltration filters over the coming years.
The U.S. Market is Estimated at $479.7 Million in 2021, While China is Forecast to Reach $246.6 Million by 2026
The Laboratory Filtration Equipment market in the U.S. is estimated at US$479.7 Million in the year 2021. The country currently accounts for a 32.4% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$246.6 Million in the year 2026 trailing a CAGR of 10% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR while Rest of European market (as defined in the study) will reach US$269.1 Million by the end of the analysis period. North America leads in revenue generation from sales of equipment for laboratory filtration as most leading biotechnology and pharmaceutical companies are present in the region. Moreover, their growing focus on improving drug quality and preventing contamination during drug manufacturing has fueled the needs for such supplies and equipment.
Nanofiltration Segment to Reach $319.9 Million by 2026
Nanofiltration (NF), the lower pressure version of reverse osmosis, allows salts with only one negative charge to pass through the membrane, rejecting those that carry more than one negative charge. This form of filtration is quite popular in industries such as textile, sugar, diary, seawater desalination, and food and beverage. The process eliminates dissolved particles of size greater than 500amu, and is specifically suited to treat well water or water from surface supplies such as rivers or lakes. In the global Nanofiltration segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$173.9 Million in the year 2020 will reach a projected size of US$273.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$33.6 Million by the year 2026, while Latin America will expand at a 8.1% CAGR through the analysis period.
Select Competitors (Total 64 Featured) –
- 3M Company
- Agilent Technologies, Inc
- Ahlstrom-Munksjö
- AMD Manufacturing, Inc.
- AQUAPORIN A/S
- Avantor, Inc
- Cantel Medical Corporation
- Cole-Parmer North America
- Cytiva
- Danaher Corporation
- Dow Water and Process Solutions
- DuPont
- GEA GROUP AKTIENGESELLSCHAFT
- GVS S.p.A (Italy)
- Koch Membrane Systems
- MACHEREY-NAGEL GmbH & Co. KG
- MANN+HUMMEL
- MilliporeSigma
- Orbital Biosciences LLC
- Porex Corporation
- Sartorius AG
- Sterlitech Corporation
- Thermo Fisher Scientific
- Veolia Water Technologies
Read the full report: https://www.reportlinker.com/p05817887/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Laboratory Filtration Equipment – Global Key Competitors
Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Impact of COVID-19 Pandemic and Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
World Economic Growth Projections (Real GDP, Annual % Change)
for 2020 through 2022
A Mixed Picture for Laboratory Equipment and Supplies Industry
During the Pandemic
Global Laboratory Equipment and Supplies Market Growth Outlook
(in %) for Years 2019 through 2025
What is Filtration?
Types of Filtration Techniques
An Introduction to Laboratory Filtration Equipment
Types of Lab Filtration Equipment
Major End-Use Markets
Global Market Prospects & Outlook
Microfiltration Equipment Leads the Global Market
Biopharmaceutical and Pharmaceutical Companies to Foster Growth
Developed Regions Lead Market Growth
Competition
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increase in Adoption of Laboratory Filtration Techniques Spurs
Opportunities for Lab Filtration Equipment
Growing Use of Laboratory Filtration in Healthcare Sector Bodes
Well for the Market
Rising R&D Investments by Pharmaceutical & Biopharmaceutical
Industry to Fuel Market Growth
Bioburden Control in a Booming Biopharmaceutical Industry
Spells Opportunity for Lab Filtration Equipment: Global
Biopharmaceutical Sales (in US$ Billion) for Years 2020,
2022, 2024, and 2026
Pharmaceutical R&D Spending Worldwide (USD Billion) for 2015-2025
Adoption of Lab Filtration Equipment in Drug Discovery
Continues to Surge
Global Drug Discovery Market by Segment: 2020
Focus on Bioburden Control Drives Demand for Sterile Filtration
in the Biopharmaceutical Industry
Increase in Vaccine Production Pushes Up Need for Filtration
Equipment
Growing Use of Membrane Filtration in Biopharmaceutical
Research & Manufacturing
Transition towards Pharma 4.0 Mandate Changes to Filtration
Equipment for Biopharma Industry
Increasing Focus on Quality Control Enhances Importance of
Laboratory Filtration in Food & Beverages Industry
Robust Demand for Processed Foods to Benefit Demand Growth
Global Processed Foods Market Revenues (in $ Billion) for the
Years 2019, 2022 and 2025
Growing Use of Filtration Techniques in Clinical Labs
Surge in COVID-19 Testing Volumes Benefits Clinical Labs,
Favoring Filtration Equipment Market
Total Number of COVID-19 Tests Conducted and Tests Per Million
Population in Most Impacted Countries: As on September 27,
2021
Laboratory Trends to Impact Growth in the Lab Filtration
Equipment Market
Technology Advancements in Lab Equipment to Boost Long-term Growth
Sustainability Focus in Laboratory industry Impacts Lab
Filtration Equipment Market
Membrane Filtration Techniques Find Preference in Testing Fluid
Sample for Microorganisms
Membrane Filtration Emerges as Ideal Technique for
Microbiological Testing of Water Samples
Pharmaceutical Industry Presents Opportunities for Membrane
Filtration
Sterile Filtration Equipment: A Common Part of Several Lab
Applications
Integrity Testing Plays a Critical Part in Laboratory Sterility
Filtration
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Laboratory Filtration Equipment by Geographic Region – USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for Laboratory Filtration
Equipment by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 3: World 15-Year Perspective for Laboratory Filtration
Equipment by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2012,
2021 & 2027
Table 4: World Recent Past, Current & Future Analysis for
Microfiltration by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR
Table 5: World Historic Review for Microfiltration by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR
Table 6: World 15-Year Perspective for Microfiltration by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027
Table 7: World Recent Past, Current & Future Analysis for
Ultrafiltration by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR
Table 8: World Historic Review for Ultrafiltration by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR
Table 9: World 15-Year Perspective for Ultrafiltration by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027
Table 10: World Recent Past, …
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