Laboratory Filtration Equipment and Supplies Market Exceeded US$ 1.1 Billion; Increasing R&D Expenditure in North America Boosts Growth

Laboratory Filtration Equipment and Supplies Market

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

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

The ultrafiltration technique is becoming a preferred choice among end users in the laboratory filtration equipment and supplies market. The ultrafiltration process uses a membrane barrier to remove particles as small as 0.01 microns, which include colloids, viruses and bacteria. Recent improvements in cartridge configurations and varied membrane types have enhanced the technical reliability for large-volume applications such as industrial waste water treatment and surface water treatment

  • In 2018, Merck, a Germany-based manufacturer of laboratory filtration equipment and supplies, launched a single-use flow filtration device that is user friendly and reduces the risk of cross-contamination in products as well as exposure to toxic compounds
  • Dow Chemicals launched ultrafiltration modules that reject particulates that are 0.03 microns and above. These equipment are frequently used in industrial water pre-treatment, wastewater and water reuse systems
  • Hungerford & Terry, a provider of water treatment systems, collaborated with Dow to introduce launch ultrafiltration products such as ultrafiltration membranes, hollow fibre, etc.

These developments are expected to have a positive impact on the growth of the global laboratory filtration equipment and supplies market during the forecast period. The ultrafiltration segment of the laboratory filtration equipment and supplies market is expected to register a significant CAGR of 9.5% over the forecast period.

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

On the basis of end use, the laboratory filtration equipment and supplies market is segmented into food & beverage companies, pharmaceutical & biotechnology companies, hospital & diagnostic laboratories and academic & research institutes. Filtration equipment are gaining traction and are rapidly used during the process of drug screening and DNA analysis as these processes require high purity and sterility. Various manufacturers in the laboratory filtration equipment and supplies market are focusing on offering upgraded laboratory filtration equipment and supplies for various applications such as insulin pumps, patient monitors, dialysis machines and others. These equipment are also rapidly used during the purification of DNA, RNA, oligonucleotides and the preparation of complex drugs.

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

Strong presence of pharmaceutical & biotechnology companies and increasing research and development activities in North America are among the prime factors boosting the North America laboratory filtration equipment and supplies market. The R&D spending for the U.S. accounts for 2.7% of its GDP, which is expected to contribute to the growth of the laboratory filtration equipment and supplies market in North America. The APEJ laboratory filtration equipment and supplies market is expected to register significant growth with a CAGR of 9.0% over the forecast period. The usage of laboratory filtration equipment and supplies is expected to be driven by rapid industrialisation in this region, backed by the increasing penetration of international pharmaceutical & biotechnology companies. This increasing penetration is expected to boost the need for laboratory filtration equipment and supplies in this region. The increasing adoption of laboratory filtration equipment and supplies in different industries, such as food and safety enterprises and others, is expected to significantly fuel the laboratory filtration equipment and supplies market.

Competitive Landscape: Thermo Fisher Scientific Inc., Merck Millipore and Sartorius Group are the leading players in the laboratory equipment and supplies market As per FMI analysis, Thermo Fisher Scientific is one of the prominent vendors in the laboratory filtration equipment and supplies market. The company is offering laboratory filtration equipment and supplies with upgraded features for varied end-use industries, such as pharmaceutical & biotechnology companies, academic & research institutes and others. Some of the market participants featured in the global laboratory filtration equipment and supplies market report 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. Many of these leading players in the laboratory filtration equipment and supplies market are focusing on entering the laboratory filtration equipment and supplies market in the untapped areas of developing regions.

To Get Sample Copy of Report visit @https://www.futuremarketinsights.com/reports/sample/rep-gb-8499