The global laboratory filtration market size is projected to reach USD 5.3 billion by 2026 from USD 3.6 billion in 2021, at a CAGR of 7.8% from 2021 to 2026. Growth in this market is majorly driven by the increasing demand for membrane filtration and rising purity requirements in end-user segments. However, technological developments and alternative technologies are expected to restrain the growth of the laboratory filtration market to a certain extent during the forecast period.
Laboratory Filtration Market Insight:
Laboratory Filtration market size, segment size (primarily including product type, application, and geography), competitor analysis, recent status, and development trends are all covered in this research. The study also includes a full cost analysis and supply chain. Technological advancements will improve the product’s performance even more, allowing it to be utilized in additional downstream applications. Furthermore, understanding the Laboratory Filtration market requires a thorough understanding of consumer behaviour and market dynamics (drivers, restraints, and opportunities).
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Global Laboratory Filtration Market Vendor Analysis
The laboratory filtration market is highly consolidated, with a few players competing for a larger market share. Prominent players in this market include Merck Millipore (US), Danaher Corporation (US), Sartorius AG (Germany), 3M Company (US), GEA GROUP AKTIENGESELLSCHAFT (Germany), STERIS (US), Thermo Fisher Scientific (US), Veolia Water Technologies (France), Avantor, Inc (US), GVS S.p.A (Italy), MANN+HUMMEL (Germany), Agilent Technologies, Inc (US), Ahlstrom-Munksjö (Finland), MACHEREY-NAGEL GmbH & Co. KG (Germany), AMD Manufacturing, Inc (Canada), Koch Separation Solutions (US), Cole-Parmer (US), AQUAPORIN A/S (Denmark), and Sterlitech Corporation (US). These players adopted various strategies such as partnerships, agreements, and acquisitions to expand their presence in the global laboratory filtration market.
Merck Millipore (US) is one of the prominent players in the global laboratory filtration market. The company is a supplier of lab materials, services, and technologies for the research, development, and production of pharmaceutical & biotechnology drug therapies. The company also has an extensive distribution channel across the globe. The company operates through three major segments—Healthcare, Life Science, and Performance Materials. The Life Science segment is subcategorized into Process Solutions, Research Solutions, and Applied Solutions. The Process Solutions segment provides laboratory filtration systems and products.
Danaher Corporation (US) is one of the leading players in the laboratory filtration market. The company has a wide range of products in the laboratory filtration segment. Danaher has a strong global network in more than 60 countries. The company’s Life Sciences segment provides lab filtration products. The company’s major end users include the biotechnology, pharmaceutical, medical, food & beverage, and laboratory industries. Danaher has implemented several strategic initiatives, such as acquisitions and product launches. Such activities enable the company to command a higher market share.
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