Laboratory Filtration Equipment and Supplies are Gaining Traction Owing to High Investments in Research & Development by Pharmaceutical and Bio-Pharmaceutical Industries
Since the past few years, industries such as pharmaceutical & biotechnology, food & beverages are adopting simplified laboratory devices, which also includes laboratory filtration equipment, for various applications such as analytical sample preparation, clarification, buffer exchange. Since the past few years, the manufacturers of laboratory filtration equipment and supplies are witnessing an increase in the demand for laboratory filtration equipment and supplies to conduct sample concentration, sample purification during heavily regulated processes such as drug discovery.
In addition, the increasing adoption of laboratory filtration equipment and supplies in various filtration activities due to the availability of varied membrane filters, filer papers, capsule filters is fuelling the growth of the laboratory filtration and supplies market.
The increasing focus on filtration at industrial and research levels is boosting the laboratory filtration equipment and supplies market. Applications such as drug discovery, drug screening are highly regulated and are facing the increasing need for maintaining the quality of samples in accordance with the safety standards. Laboratory filtration equipment play a pivotal role in eliminating the contamination of the samples being used or tested in these industries.
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The laboratory filtration equipment and supplies market is estimated to witness a single-digit CAGR in terms of value and volume, and hence, reach USD 2.1 Billion by 2027.
The research requirements faced by today’s researchers are very dynamic in nature, which is creating the need for using laboratory filtration equipment and supplies as these systems help reduce the time required for these processes.
Nowadays, the applications of laboratory filtration equipment and supplies for DNA and protein separation is increasing, which is also boosting the demand for laboratory filtration equipment and supplies. Manufacturers in laboratory filtration equipment and supplies market are focussing on innovation of equipment with upgraded features to speed up the processing of biologics.
Biopharmaceutical companies manufacture small molecule drugs and ingredients on a large scale. These companies face various challenges such as quality improvement and cost control while manufacturing drugs. Large amount of filters are installed at multiple locations to avoid contamination and remove organisms during manufacturing process.
The types of laboratory filtration equipment used are sterilizing filters, bioburden reduction filters. Sterilizing filters are gaining traction as these are rapidly adopted to protect product quality during filling and manufacturing process. Also, laboratory filtration equipment and supplies are used for controlling bacteria and organisms in various steps during the manufacturing process.
By end use, Laboratory filtration equipment and supplies market is segmented into food & beverage companies, pharmaceutical & biotechnology companies, hospital & diagnostic laboratories and academic & research institutes. These are some of the prominent end uses of laboratory filtration equipment and supplies.
Among the end-user segments of the laboratory filtration equipment and supplies market, the demand from pharmaceutical & biotechnology companies is expected to grow at a significant CAGR over the forecast period.
In terms of revenue generation from the sale of laboratory filtration equipment and supplies, the North America region is a prominent laboratory filtration equipment and supplies market due to strong presence of leading pharmaceutical & biotechnology companies in this region. The increasing focus of these companies on improving the quality of drug and avoid contamination during the manufacturing process is fuelling the demand for laboratory filtration equipment and supplies.
The hospital & diagnostic laboratories present in this region are most advanced in terms of drug innovations and the clinical research that is conducted, owing to which the demand for laboratory filtration equipment and supplies is high in this region. In addition, Europe is the second largest market for laboratory filtration equipment and supplies due to the increasing usage of microfiltration systems in hospitals as well as diagnostic laboratories in this region. The APEJ region is expected to register a significant CAGR due to increasing industrialisation in this region, which is creating an increasing need for the filtration process, thus fuelling the demand for laboratory filtration equipment and supplies.
Some of the leading vendors of laboratory filtration equipment and supplies are Thermo Fisher Scientific, Inc., Pall Corporation, Merck Millipore, Sartorius Group, 3M Company, GE Healthcare, Sartorius, MACHEREY-NAGEL GmbH & Co. KG, Synder Filtration, Inc., AMD Manufacturing Inc., Microfilt India Pvt. Ltd. and GEA Filtration.
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The laboratory filtration equipment and supplies market is likely to secure a CAGR of 7.0% through 2032.
The laboratory filtration equipment and supplies market size is estimated to cross USD 2.95 Billion by 2032.
The Laboratory Filtration Equipment and Supplies Market is likely to record a value of USD 1.50 Billion in 2022.
APEJ is likely to lead the Laboratory Filtration Equipment and Supplies Market.
1. Global Laboratory Filtration Equipment and Supplies Market - Executive Summary 2. Global Laboratory Filtration Equipment and Supplies Market Overview 3. Global Laboratory Filtration Equipment and Supplies Market Analysis and Forecast 2013 to 2027 4. North America Laboratory Filtration Equipment and Supplies Market Size and Forecast, 2013 to 2027 5. Latin America Laboratory Filtration Equipment and Supplies Market Size and Forecast, 2013 to 2027 6. Europe Laboratory Filtration Equipment and Supplies Market Size and Forecast, 2013 to 2027 7. Japan Laboratory Filtration Equipment and Supplies Market Size and Forecast, 2013 to 2027 8. APEJ Laboratory Filtration Equipment and Supplies Market Size and Forecast, 2013 to 2027 9. MEA Laboratory Filtration Equipment and Supplies Market Size and Forecast, 2013 to 2027 10. Global Laboratory Filtration Equipment and Supplies Market Company Share, Competition Landscape and Company Profiles 10.1. Thermo Fisher Scientific, Inc. 10.2. Pall Corporation 10.3. Merck Millipore 10.4. Sartorius Group 10.5. 3M Company 10.6. GE Healthcare 10.7. Sartorius 10.8. MACHEREY-NAGEL GmbH & Co. KG 10.9. Synder Filtration, Inc. 10.10. AMD Manufacturing Inc. 10.11. Microfilt India Pvt. Ltd. 10.12. GEA Filtration 10.13. APC Filtration 10.9.14. MicroLab Scientific 10.15. M.W. Watermark 11. Research Methodology 12. Secondary and Primary Sources 13. Assumptions and Acronyms 14. Disclaimer
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