Global Laboratory Filtration Market is projected to be worth USD 6.84 billion by 2030

According to SPER Market Research, the Laboratory Filtration Market is estimated to reach USD 6.84 billion by 2030 with a CAGR of 7.4%. Increasing investment in research & development by the pharmaceutical & biopharmaceutical industry, rising demand for membrane filtration technology, growing purity needs in end-user segments, increasing focus on developing large-molecule in biopharmaceuticals; are the key factors for the escalation of this market.

Impact of COVID-19 on the Laboratory Filtration Market
The outbreak of COVID-19 pandemic globally led to increase in the manufacturing of vaccine, this in turn adopted the laboratory filtration techniques for research & development of vaccines.

Scope of the report:
Market size available for years 2019-2030
Base year considered 2021
Forecast period 2022-2030
Segments covered By Product, By Technique, By End-Users, By Region
Geographies covered North America, Europe, Asia Pacific, Latin America, Middle East, Africa
Companies Covered 3M Company, Agilent Technologies, Inc, Ahlstrom-Munksjö, AMD Manufacturing, Inc., AQUAPORIN A/S, Avantor, Inc, Cole-Parmer, Danaher Corporation, Filtros Anoia, GEA, GROUP AKTIENGESELLSCHAFT, Hawach Scientific, Koch Separation Solutions, MACHEREY-NAGEL GmbH & Co. KG, MANN+HUMMEL, Membracon, Merck Millipore, NS Filtration ApS, Prosperity Biotech (Shandong) Co., Ltd., S.p.A, Sartorius AG, STERIS, Sterlitech Corporation, Synder Filtration, Thermo Fisher Scientific, Veolia Water Technologies

Driver: Rising R&D spending in pharmaceutical & biotechnology industries
Laboratory filtration products used by Pharmaceutical and biotechnology companies for production of novel drugs. Biotechnology based drugs significance is projected to rise. The giant pharmaceutical companies are escalating their investments in research & development.

Challenges: High Cost
The pharmaceutical & biotechnology industry are the end users of laboratory filtration equipment. High cost and competition in the laboratory filtration markets holding back the producer to invest in research & development due to very less profit margin.

Opportunity: Advances in nano-fiber technology
Nano-fiber coating technology gives greater elasticity, control, and resilience than the conventional process of electro spinning. Advanced microfiltration, Reverse osmosis and ultra filtration, liquid filtration use this technique.

Global Laboratory Filtration Market, by Product:
Based on the Product, Laboratory Filtration Market is segmented as; Filtration Media (Capsule Filters, Filter Papers, Filtration Microplates, Membrane Filters, Syringe Filters, Syringeless Filters), Filtration Assemblies (Microfiltration Assemblies, Reverse Osmosis Assemblies, Ultrafiltration Assemblies, Vacuum Filtration Assemblies)
Filtration Accessories (Cartridges, Dispensers, Filter Flasks, Filter Funnels, Filter Holders, Filter Housings, Seals, Vacuum Pumps).

Global Laboratory Filtration Market, by Technique:
Based on the Technique, Laboratory Filtration Market is segmented as; Microfiltration, Nanofiltration, Reverse Osmosis, Ultra filtration, Vacuum Filtration.

Global Laboratory Filtration Market, by End-Users:
Based on the End-Users, Laboratory Filtration Market is segmented as; Academic & Research Institutions, Food & Beverage Industry, Hospitals & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies.

Global Laboratory Filtration Market, by Region:
North America dominates the prime share of this market; this is due the concentration of giant food & beverage, pharmaceuticals, bio pharmaceutical and health care industries.