HealthTech

Laboratory Filtration Equipment and Supplies Market- Size & Share Analysis with Key Insights, SWOT Analysis, Top Key Players and Industry Forecasts 2022-2027

The global laboratory filtration equipment and supplies market was valued at US$ 1,160.2 Mn in 2018, according to a recent industry study released by FMI titled ‘Laboratory Filtration Equipment and Supplies Market Global Industry Analysis 2013-2017 and Opportunity Assessment 2019–2027.’

Ultrafiltration Technology to Edge out Conventional Filtration Techniques over the Forecast Period

Lab equipment services is witnessing a growing trend among end-users in the laboratory filtration equipment and supplies sector towards ultrafiltration, which utilizes a membrane barrier to remove particles as small as 0.01 microns, including colloids, viruses, and bacteria. Recent developments in cartridge configurations and membrane types have increased the technical reliability of large-volume applications, such as industrial wastewater treatment and surface water treatment.

  • In 2018, Merck, a German manufacturer of laboratory filtration equipment and supplies, released a user-friendly single-use flow filtering system that decreases the danger of product cross-contamination and harmful compound exposure.
  • Dow Chemicals has introduced ultrafiltration modules that exclude particles larger than 0.03 microns.
  • Hungerford & Terry, a water treatment system provider, teamed with Dow to launch ultrafiltration products such as ultrafiltration membranes, hollow fiber, and other goods.

During the forecast period, these advancements are projected to have a favorable impact on the global laboratory filtration equipment and supplies market. Over the projected period, the ultrafiltration segment of the laboratory filtration equipment and supplies market is expected to grow at a substantial CAGR of 9.5 percent.

Laboratory Filtration Equipment and Supplies are Gaining Traction in DNA Analysis and Drug Screening Processes

The laboratory filtration equipment and supplies market is divided into four categories based on end-use: food and beverage enterprises, pharmaceutical and biotechnology firms, hospital and diagnostic laboratories, and academic and research institutes. Filtration equipment is gaining traction and is being used more frequently in processes such as drug screening and DNA analysis, which require high purity and sterility. Various manufacturers in the laboratory filtration equipment and supplies market are concentrating on providing updated laboratory filtration equipment and supplies for a variety of applications, including insulin pumps, patient monitors, dialysis machines, and other medical devices. Purification of DNA, RNA, and oligonucleotides, as well as the creation of complicated pharmaceuticals, are all done with this equipment.

Regional Overview: The Laboratory Filtration Equipment and Supplies Market in North America is Expected to Remain Dominant during the Forecast Period

The presence of pharmaceutical and biotechnology businesses in North America, as well as increased research and development activities, are two major factors driving the North American laboratory filtration equipment and supplies market. The United States spends 2.7 percent of its GDP on research and development, which is likely to boost the laboratory filtration equipment and supplies market in North America. Over the forecast period, the APEJ laboratory filtration equipment and supplies market is expected to develop at a considerable rate of 9.0%. Rapid industrialization in this region, backed by the rising penetration of foreign pharmaceutical and biotechnology companies, is predicted to promote the use of laboratory filtration equipment and supplies. The demand for laboratory filtration equipment and supplies in this region is likely to increase as penetration grows. The laboratory filtration equipment and supplies market is predicted to be considerably fueled by the increasing adoption of laboratory filtration equipment and supplies in various industries, such as food and safety companies and others.

Competitive Landscape: Thermo Fisher Scientific Inc., Merck Millipore, and Sartorius Group are the leading players in the laboratory equipment and supplies market \

Thermo Fisher Scientific is one of the leading vendors in the laboratory filtration equipment and supplies industry, according to FMI data. For various end-use sectors, such as pharmaceutical and biotechnology enterprises, academic and research institutes, and others, the company offers laboratory filtration equipment and supplies with enhanced characteristics. 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 are some of the market participants profiled in the global laboratory filtration equipment and supplies market report. Many of the main competitors in the laboratory filtration equipment and supplies market are concentrating their efforts on expanding into previously untapped markets.

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