Laboratory Filtration Market is expected to value at USD 3.6 billion by 2024. The market is subject to witness a substantial growth due to the growing prevalence of target diseases such as water-borne diseases, immunodeficiency diseases, and cancer. The rise in the number of application in pharmaceutical, biopharmaceutical, and food & beverage industries for filtration technology and the introduction of efficient filters are the major contributing factors accentuating the industry growth, in the recent years. Globally, the laboratory filtration industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
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The key driving factors responsible for the growth of Laboratory
Filtration market :
Laboratory filtration provide
sanitized filtration, bio-burden reduction, air purification, oil & gas
filtration and membrane filtration. The recent technological advancements in pharmaceutical
and biopharmaceutical industry coupled with introduction of novel technologies
for large volume filtration are expected to fuel the growth of laboratory
filtration market over the forecast period. Introduction of particulate filter,
which is manufactured by 3M Purification, Inc., uses advanced pleat technology
in order to increase the filtration surface area at the same time controlling
standard filter dimensions.
Some of the common application of
the laboratory filtration solution include drug discovery & development,
microbial diagnosis, virus identification, research laboratories, and water
purification & water treatment plants. High-end requirement for throughput
filtration products while the performing down-streaming process, substantial
increase in the use of analytical instruments, and adoption of highly
sophisticated filtration methods for ultra-purification are anticipated to
foster the growth of laboratory filtration industry over the next seven years.
Advent of a broad range of ash-less filter papers and qualitative filter papers
to carry out quantitative routine analysis and general laboratory filtration
processes are driving industry growth in the recent years.
Growing prevalence of water-borne
diseases such as cholera, diarrhea, and typhoid, particularly in the African
region and Asia-Pacific region are expected to stimulate market demand for
laboratory filtration with improved filtration capacity and efficiency in the
near future. Growing adoption of new age filter membranes such as Nalgene to
perform microbial analysis are predicted to play a major role for future
industry growth.
The laboratory filtration market
is broadly categorized into five major segments based on the application type
such as microfiltration, nano-filtration, vacuum filtration, ultrafiltration,
and reverse osmosis. The microfiltration is considered as one of the fastest
growing segment in the laboratory filtration industry with substantial revenue
generation in the last few years. Growing popularity of the microfiltration
segment is attributed to the increasing adoption of old sterilization of API
and enzymes and for separation of solid-liquid phases across number of end-user
industries. The ultrafiltration segment has also witnessed substantial growth
owing to their numerous advantages such as simple treatment process, easy
handling, and low energy consumption over the traditional techniques.
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