NEW YORK, April 27, 2016 /PRNewswire/ -- "Laboratory Filtration Market, By Technology (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis), By Product (Assembly, Filter Paper, Membrane, Syringe Filters, Filtration Microplate, Accessories), & By End User - Global Forecast to 2021"
The global laboratory filtration market is projected to grow at a strong CAGR during the forecast period of 2015-2021, to reach USD 2.89 billion by 2021. The market is mainly driven by rising purity requirements in end-user markets, the increasing research activities in pharmaceutical and biotechnology industries, and growing demand for biopharmaceutical molecules for therapeutic and diagnostic applications. However, high price sensitivity among the end users and technological developments cutting down the use of the membrane filtration technology may hamper the growth of the market to a certain extent.
In this report, the global laboratory filtration market is segmented by technology, product, end user, and region. The laboratory filtration market is classified by technology into microfiltration, reverse osmosis, ultrafiltration, vacuum filtration, and nanofiltration. On the basis of type of product, the laboratory filtration market covers filtration assemblies, filtration media, and filtration accessories. The filtration assemblies market is further divided into microfiltration assemblies, reverse osmosis assemblies, ultrafiltration assemblies, vacuum filtration assemblies, and other filtration assemblies. The filtration media market is sub-divided into filter papers (cellulose filter papers, glass microfiber filter papers, and quartz filter papers), membrane filters, syringe filters, syringeless filters, capsule filters, filtration microplates, and others. The filtration accessories market is subdivided into filter holders, filter funnels, membrane dispensers, filter flasks, filter housings, cartridges, vacuum pumps, seals, and others filtration accessories.
The microfiltration technology segment accounted for the largest share of laboratory filtration market in 2015 and is expected to continue to dominate the market in 2021. The increasing use of microfiltration membranes as a prefilter to ultrafiltration and reverse osmosis processes is a primary market driver for this segment. The ultrafiltration technology segment is expected to witness the highest growth during the forecast period, primarily due to its increasing use for concentration of samples for chromatography, crystallography, structural analysis, or protein assays; fractionation of peptides in dilute samples; removal of analytes from samples; and desalting and buffer exchange applications in laboratories.
North America dominated the global laboratory filtration market in 2015, followed by Europe. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market. The rapid growth in Asia-Pacific region is largely driven by the growth in research activities and pharmaceutical manufacturing.
The major players in the laboratory filtration market include Merck Millipore (U.S), Pall Corporation (U.S.), GE Healthcare (U.S.), Sartorius Group (Germany), 3M Purification (U.S.), Thermo Fisher Scientific (U.S.), Cantel Medical Corp. (U.S.), and Sigma-Aldrich Corporation (U.S.).
Reasons to Buy the Report
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market which in turn would help the firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the laboratory filtration market. The report analyzes the laboratory filtration market by technology, products, and end users across all regions.
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and new product launches in the laboratory filtration market.
- Market Development: Comprehensive information of the lucrative emerging markets.
- Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the laboratory filtration market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analyses of the leading players in the laboratory filtration market
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