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Laboratory Filtration Market |Analysis, Trends, New Business Opportunities and Forecast to 2022 – 2026

Laboratory Filtration Market

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.The growth of this market is mainly driven by increasing R&D spending in the pharmaceutical and biopharmaceutical industry, increasing demand for membrane filtration technology, increasing purity requirements in the end-user sector, and increasing interest in polymer biopharmaceutical development. 

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Key Market Players of Laboratory Filtration Market:

The prominent players in the market are Merck Millipore (US), Danaher Corporation (US), Sartorius AG (Germany), 3M Company (US), GEA GROUP AKTIENGESELLSCHAFT (Germany), Steris (US), Thermo Fisher Scientific (US), Veolia Water Technologies (France), Avantor, Inc. (US), GVS S.p.A (Italy), MANN+HUMMEL (Germany), Agilent Technologies, Inc. (US) 

COVID-19 impact on the Laboratory Filtration Market 

The economic and social burden of the pandemic has prompted government bodies globally to increase support for vaccine development and manufacturing, which has led to an increase in the adoption of laboratory filtration products for COVID-19 research. Various filtration techniques are used in the development and production of vaccines. Clarification (removal of suspended matter from a fluid medium) of vaccines is a crucial step that impacts product recovery and subsequent downstream purification. 

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OPPORTUNITY: Advances in nanofiber technology 

Newly developed nanofiber coating technology in the field of pharmaceutical filtration provides greater flexibility, control and durability compared to conventional electrospinning processes. These new coatings are typically made from fibers that are 0.3 to 0.5 microns in size and can stretch up to 1 micron in size. Fiber diameter distribution and layer thickness can be easily changed according to application requirements. NANOWEB advanced nanofiber technology offers advantages in both air and liquid filtration and can be specifically designed to meet the stringent filtration requirements of many liquid applications. It also addresses the growing demands of advanced microfiltration, reverse osmosis and ultrafiltration in a variety of liquid service applications including life sciences, food and beverage, and process liquid filtration. 

Recent Developments

·         Koch Membrane Systems acquired Eco-Tec Inc. Eco-Tec offers resource-recovery and purification solutions to industries across the globe. This acquisition was aimed at expanding its existing capabilities in order to provide innovative ion exchange-based solutions.

·         Sartorius Stedim Biotech collaborated with Novasep to develop novel systems for membrane chromatography. 

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

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on October 1 at 4:19

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