DUBLIN–(BUSINESS WIRE)–The “Laboratory Filtration Equipment – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Laboratory Filtration Equipment Market to Reach $3 Billion by 2030
The global market for Laboratory Filtration Equipment estimated at US$1.7 Billion in the year 2023, is projected to reach a revised size of US$3 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2023-2030.
In 2023, the competitive landscape of filtration equipment worldwide is examined, categorizing players based on their market presence as strong, active, niche, or trivial. The report provides an overview of filtration, detailing various techniques and types of laboratory filtration equipment.
Microfiltration, one of the segments analyzed in the report, is projected to record 7.2% CAGR and reach US$922.9 Million by the end of the analysis period. Growth in the Ultrafiltration segment is estimated at 9% CAGR for the next 8-year period. Major end-use markets for filtration equipment are identified, along with insights into global market prospects and outlook. Microfiltration equipment emerges as a leading segment in the global market, with biopharmaceutical and pharmaceutical companies expected to drive growth.
The U.S. Market is Estimated at $557 Million, While China is Forecast to Grow at 9% CAGR
Developed regions are seen to lead market growth, reflecting the higher adoption rates and infrastructure in these areas. The competitive landscape is analyzed, highlighting recent market activity and strategies adopted by key players to maintain their positions and capitalize on emerging opportunities.
The Laboratory Filtration Equipment market in the U.S. is estimated at US$557 Million in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$364.4 Million by the year 2030 trailing a CAGR of 9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 7.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.
Key Attributes:
Report Attribute
Details
No. of Pages
464
Forecast Period
2023 – 2030
Estimated Market Value (USD) in 2023
$1.7 Billion
Forecasted Market Value (USD) by 2030
$3 Billion
Compound Annual Growth Rate
7.2%
Regions Covered
Global
MARKET OVERVIEW
Laboratory Filtration Equipment – Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
What is Filtration?
Types of Filtration Techniques
An Introduction to Laboratory Filtration Equipment
Types of Lab Filtration Equipment
Major End-Use Markets
Global Market Prospects & Outlook
Microfiltration Equipment Leads the Global Market
Biopharmaceutical and Pharmaceutical Companies to Foster Growth
Developed Regions Lead Market Growth
Competition
Recent Market Activity
MARKET TRENDS & DRIVERS
Increase in Adoption of Laboratory Filtration Techniques Spurs Opportunities for Lab Filtration Equipment
Growing Use of Laboratory Filtration in Healthcare Sector Bodes Well for the Market
Rising R&D Investments by Pharmaceutical & Biopharmaceutical Industry to Fuel Market Growth
Bioburden Control in a Booming Biopharmaceutical Industry Spells Opportunity for Lab Filtration Equipment: Global Biopharmaceutical Sales (in US$ Billion) for Years 2020, 2022, 2024, and 2026
Pharmaceutical R&D Spending Worldwide (USD Billion) for 2015-2025
Adoption of Lab Filtration Equipment in Drug Discovery Continues to Surge
Focus on Bioburden Control Drives Demand for Sterile Filtration in the Biopharmaceutical Industry
Increase in Vaccine Production Pushes Up Need for Filtration Equipment
Growing Use of Membrane Filtration in Biopharmaceutical Research & Manufacturing
Transition towards Pharma 4.0 Mandate Changes to Filtration Equipment for Biopharma Industry
Increasing Focus on Quality Control Enhances Importance of Laboratory Filtration in Food & Beverages Industry
Robust Demand for Processed Foods to Benefit Demand Growth
Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
Growing Use of Filtration Techniques in Clinical Labs
Laboratory Trends to Impact Growth in the Lab Filtration Equipment Market
Technology Advancements in Lab Equipment to Boost Long-term Growth
Sustainability Focus in Laboratory industry Impacts Lab Filtration Equipment Market
Membrane Filtration Techniques Find Preference in Testing Fluid Sample for Microorganisms
Membrane Filtration Emerges as Ideal Technique for Microbiological Testing of Water Samples
Pharmaceutical Industry Presents Opportunities for Membrane Filtration
Sterile Filtration Equipment: A Common Part of Several Lab Applications
Integrity Testing Plays a Critical Part in Laboratory Sterility Filtration
FOCUS ON SELECT PLAYERS (Total 64 Featured)
Danaher Corporation
MilliporeSigma
Sartorius AG
Lenntech BV
Mann+Hummel GmbH
Hydranautics
Meissner Filtration Products
Porex Corporation
GVS Group
Air Science LLC
Microfilt India Pvt., Ltd.
AMD Manufacturing Inc.
Biosan
Global Life Sciences Solutions USA LLC (Cytiva)
Advanced Microdevices Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/l5zn1c
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