According to the new market research report "Laboratory Filtration Market by Product (Filter Media, Filtration Assembly, Accessories), Technology (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis), End User (Pharma, Biopharma, F&B, Academic institutes) - Global Forecast to 2026", published by MarketsandMarkets™, the 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.
Browse in-depth TOC on "Laboratory Filtration Market"
196 – Tables
51 – Figures
252 – Pages
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Key Market Players
The laboratory filtration market is highly consolidated, with a few players competing for a larger market share. Prominent players in this market include 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), Ahlstrom-Munksjö (Finland), MACHEREY-NAGEL GmbH & Co. KG (Germany), AMD Manufacturing, Inc (Canada), Koch Separation Solutions (US), Cole-Parmer (US), AQUAPORIN A/S (Denmark), and Sterlitech Corporation (US). These players adopted various strategies such as partnerships, agreements, and acquisitions to expand their presence in the global laboratory filtration market.
Merck Millipore (US) is one of the prominent players in the global laboratory filtration market. The company is a supplier of lab materials, services, and technologies for the research, development, and production of pharmaceutical & biotechnology drug therapies. The company also has an extensive distribution channel across the globe. The company operates through three major segments—Healthcare, Life Science, and Performance Materials. The Life Science segment is subcategorized into Process Solutions, Research Solutions, and Applied Solutions. The Process Solutions segment provides laboratory filtration systems and products. Merck Millipore focuses on product development to enhance its presence and aims to strengthen its geographic presence via organic and inorganic growth strategies such as expansions and acquisitions. The latter will allow the company to adopt new technologies and incorporate new businesses to complement its existing segments.
Danaher Corporation (US) is one of the leading players in the laboratory filtration market. The company has a wide range of products in the laboratory filtration segment. Danaher has a strong global network in more than 60 countries. The company’s Life Sciences segment provides lab filtration products. The company’s major end users include the biotechnology, pharmaceutical, medical, food & beverage, and laboratory industries. Danaher has implemented several strategic initiatives, such as acquisitions and product launches. Such activities enable the company to command a higher market share.
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North America dominates the market
North America accounted for the largest share of the market. The growth of the market in North America is mainly driven by the large number of pharmaceutical & biotechnology and food & beverage companies in the region, the presence of a well-established healthcare market, and the stringent regulatory scenario in the pharmaceutical industry.
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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