Laboratory Filtration Market Size with Growth Opportunities, Top Countries Data, Future Trends and Share with Revenue Forecast 2022-2031

Kenneth Research recently added a report on Laboratory Filtration Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Laboratory Filtration Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for xxx products.

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The global laboratory filtration market is likely to be valued at ~USD 3 billion in 2021 and is projected to expand at a CAGR of ~8% over the period 2022-2030. The application of filtration technology in the pharmaceutical, biopharmaceutical, and food and beverage industries is increasing, and the increasing demand for more efficient filters is a key factor. market. Sterile filtration, bioburden reduction, air filtration, oil and gas filtration and membrane filtration. Manufacturers are developing new technologies for high-capacity filtration in pharmaceutical and biopharmaceutical companies.For example, the particle filter is a product of 3M Purification, Inc., which uses advanced pleating technology to increase the filtration surface area while maintaining the standard filter size. Laboratory filtration has applications in various fields such as drug discovery and development, microbial analysis, virus removal, research laboratories, and water purification treatment plants.

The increasing demand for high-performance filtration products in the downstream process, the increasing use of analytical instruments, and the adoption of advanced ultra-purification filtration methods are expected to drive growth during the forecast period. Macherey-Nagel and some other companies (such as GE Healthcare and Hahnemühle) provide a series of dynamic range ashless filter paper and qualitative filter paper designed for routine quantitative analysis and general laboratory filtration processes.

Since 2005, diarrhea and typhoid fever in sub-African countries have doubled, so the demand for filters with better filtration capacity and efficiency has increased. Researchers prefer a series of new filter membranes, such as Thermo Fisher Scientifics Nalgene for microbial analysis.

PRODUCT INFORMATION:

The laboratory filtration market product portfolio is divided into filter media, filter components and filter accessories. The filter media segment includes membrane filters that accounted for the largest market share in 2020.

It is speculated that this large share is due to their increasing applications in microbial analysis, microfiltration and ultrafiltration. It is expected that there will be significant growth in the next ten years, with a compound annual growth rate exceeding 9%. These filters provide reliable filtration by retaining very small microorganisms and harmful particles.

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In 2020, microfiltration components held the largest market share in the filtration component market segment. The widespread use of microfiltration components in the food and beverage industry is one of the main factors for quality control.

TECHNICAL INSIGHT:

Reverse osmosis, ultrafiltration, vacuum filtration, nanofiltration and microfiltration are key technologies in the laboratory filtration market. The microfiltration sector dominated the field in 2020. Microfiltration technology removes particles through a microporous medium called membrane filter.

Microfilters are widely used for cold sterilization of API and enzymes, and solid-liquid separation in various industries. It is widely used in milk protein grading applications. Applications include cell collection from fermentation broth, milk protein fractionation, corn syrup clarification, and CIP chemical recovery.

Ultrafiltration is one of the fastest-growing technologies and is expected to exhibit a significant compound annual growth rate during the forecast period. Compared with traditional methods, the ultrafiltration part has advantages such as gentle product handling, easier handling and lower energy consumption. The increasing use of ultrafiltration in the food processing industry, water purification systems, and biological protein separation is expected to promote market growth.

REGIONAL INFORMATION:

North America accounted for about half of the global laboratory filtration market in 2020. Due to the existence of major manufacturers of filtration products, well-established laboratories and increasing government funding, North America is the leading market for laboratory filtration products for basic research.

The increase in target diseases and the increase in demand for treatment are the main factors for the large base of the target population in North America. In addition, increasing industrialization and the availability of new products have increased the adoption rate of laboratory filtration products in the region.

Due to the increase in the number of participants, the Asia-Pacific region is expected to experience a boom in the forecast period. facility. In these regions, there is a large number of generic drug manufacturing industries, and food and beverage companies are increasingly launching high-quality products.

LABORATORY FILTRATION MARKET SHARE INFORMATION:

Major players in the laboratory filtration market include Merck Millipore, Sigma-Aldrich, GE Healthcare, Thermo Fisher Scientific, Sartorius Group, 3M Purification, Inc., Cantel Medical Corporation and Macherey-Nagel Gmbh & Co. kg.

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