The global laboratory filtration market revenue was US$ 3,315.3 million in 2021. The global laboratory filtration market revenue is forecast to reach US$ 6,807.40 million by 2030, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period from 2022 to 2030.
Laboratories use filtration to sterilize items. The vapor phase is a critical step in almost all the laboratory processes related to environmental, chemistry, and life sciences. In the laboratory, it involves either purifying or concentrating samples. Filtration depends on pore size; smaller pores can filter out more particles. Pores can be as small as .01 μm (μm =micrometer), small enough to prevent viruses from passing through, but smaller proteins can still pass through. Nano-filters can stop viruses, proteins, and some toxins. Filtration is also an excellent option for sterilizing heat-sensitive liquids, which cannot be autoclaved or sterilized with other methods.
Factors Influencing Market Growth
Impact Analysis of COVID-19
COVID-19 pandemic has positively impacted the global laboratory filtration market. In order to detect the virus and develop a vaccine, researchers employed a variety of laboratory products, including filters. Additionally, consumer behavior has changed in relation to health and hygiene products due to the global COVID-19 outbreak. The main driver of revenue growth in the laboratory filtration market was the rise in demand for healthcare, food, and wastewater treatment applications.
Regional Insights
North America held dominance in the market of laboratory filtration and is forecast to dominate throughout the forecast period. There are several factors that contribute to the market growth, such as well-equipped labs for life science research, an increase in investment in research and development, and government funding for manufacturers of laboratory filter membranes.
Over the forecast period, Asia-Pacific is forecast to grow at a significant rate. As a result of the rapid rise in the number of key players dedicated to setting up their operational facilities and the presence of many generic drug manufacturers, the industry is forecast to flourish.
Leading Competitors
The leading prominent companies profiled in the global laboratory filtration market are:
Scope of the Report
The global laboratory filtration market segmentation focuses on Product, Technique, End-User, and Region.
Segmentation based on Product
Segmentation based on End-User
Segmentation based on Technique
Segmentation based on Region