According to the International Laboratory Accreditation Cooperation (ILAC), there are around 85,000 laboratories operating globally as of 2021.
Increasing Research Activities in the Pharmaceutical and Biopharmaceutical Areas
The pharmaceutical industry spent USD 83 billion on research and development in 2019, according to the Congressional Budget Office (CBO).
Growing Investments by Government for Development of Better Healthcare Infrastructure
The increasing investments by governments across the globe for developing better healthcare infrastructure will likely accelerate market growth during the forecasted period. Additionally, the development and expansion of the healthcare sector by public and private funding agencies particularly in the developing nations will further enhance the growth of the market during the forecasted period. Also, high investment returns, guaranteed by research efforts would also enhance the market growth. Additionally, rising personal disposable income levels, the introduction of technologically advanced products in hospitals, rising investments for the development of advanced medical products and devices, and an increase in demand for high-production filtration products during the down streaming process will further drive the market growth rate. Nano-fibre technology is another factor which offers greater flexibility, control, and durability will drive the growth of the market.
Market Segmentation
Global Laboratory Filtration market can be segmented by product, technique, end user and by region. Based on the product, the market can be segmented into filtration media, filtration accessories, and filtration assemblies. Based on technique, the market can be segmented into nanofiltration, ultrafiltration, microfiltration, reverse osmosis, and vacuum filtration. Based on the end user, the market can be differentiated into pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, and foods & beverages industry. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa, and South America.
Recent Development
- In Dec 2021, Sartorius announced the acquisition of 62.5%shares of Automated Lab Solutions GmbH (ALS) till Jan 03, 2022. The companyaims to acquire the remaining share of 37.5% by 2026. The primary objective ofSartorius behind this acquisition is to expand its bio-analytics portfolio.
- In September 2020, Merck Millipore donated Eijkman Institutefor Molecular Biology (Indonesia) research instruments and materials worth IDR1.2 billion (USD 0.086 million) to expedite the process of vaccine development.
- In April 2020, Pall Corporation introduced the nextgeneration of its lab scale tangential flow filtration TFF solutions and theMinimate EVO TFF system offers high performance, replicability and easycontrol.
Market Players
Agilent Technologies Inc.,
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · By Product · By Technique · By End User · By Region |
Regional scope | North America, Europe, Asia Pacific, South America, Middle East & Africa |
Country scope | United States, Canada, Mexico, France, Germany, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE |
Key companies profiled | Agilent Technologies Inc., The 3M Company., Danaher Corporation., Sterlitech Corporation., Merck KGAA., Sartorius AG., Antylia Scientifc., Steris Plc., Thermo fisher scientificInc., Veolia Water Technologies. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |