Laboratory Filtration Equipment Market Expected to Grow Strongly by 2027
The ultrafiltration
technique is becoming a preferred choice among end users in the laboratory
filtration equipment and supplies market. 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.
A new
report by Future Market Insights (FMI) presents a comprehensive revenue
assessment of the global laboratory filtration equipment and supplies
market and throws light on the various factors influencing growth in sales
of laboratory filtration equipment and supplies. The study further highlights
various developments among the leading players operating in the laboratory
filtration equipment and supplies market.
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Key
Developments in the Laboratory Filtration Equipment and Supplies Market
- In 2018, Merck, a Germany-based manufacturer of laboratory
filtration equipment and supplies, launched a user-friendly single-use flow
filtration device that reduces the risk of cross-contamination in products and
prevents exposure to toxic compounds - Dow Chemicals launched ultrafiltration modules that reject
particulates that are 0.03 microns and above. This equipment is frequently used
in industrial water pre-treatment, as well as in wastewater and water reuse
systems - Hungerford & Terry, a provider of water treatment systems,
has collaborated with Dow Chemicals to launch ultrafiltration products such as
ultrafiltration membranes, hollow fibre, etc.
These developments are expected to positively impact growth of
the global laboratory filtration equipment and supplies market.
Increasing
Adoption in DNA Analysis and Drug Screening Processes to Drive Revenue in the Laboratory
Filtration Equipment and Supplies Market
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 is gaining traction
and is used during the process of drug screening and DNA analysis as these
processes require high purity and sterility. Manufacturers in the laboratory
filtration equipment and supplies market are focussing on offering upgraded
laboratory filtration equipment and supplies for various applications such as
insulin pumps, patient monitors, dialysis machines, and others. This equipment
is also used during the purification of DNA, RNA, oligonucleotides, as well as
in the preparation of complex drugs.
Multiple
Applications of Laboratory Filtration Equipment and Supplies Across
Diverse Industry Verticals
Manufacturers of laboratory filtration equipment and supplies
have started offering industry and application specific devices to cater to the
growing needs of industries such as pharmaceuticals and food and beverages.
While pharmaceutical and biotechnology companies are increasingly adopting
filtration equipment for particle separation and to reduce risk and improve
quality, food and beverage companies are demanding laboratory filtration
equipment and supplies to enhance product quality and maintain the requisite
ingredient quantity in product formulations. The adoption of laboratory
filtration equipment and supplies across industries is gradually increasing,
and this is pushing revenues in the global market.
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North
America to Remain Largest Revenue Pocket for Laboratory Filtration Equipment
and Supplies
A strong presence of pharmaceutical and biotechnology companies
and growing research and development activities in North America are the main
factors positively impacting revenue growth of the North America laboratory
filtration equipment and supplies market. Increased R&D spending in the
U.S. (accounting for 2.7% of its GDP) is expected to bode well for the
laboratory filtration equipment and supplies market in North America. The APEJ
laboratory filtration equipment and supplies market is expected to register
significant growth owing to the rapid industrialisation and growing penetration
of international pharmaceutical and biotechnology companies in the region.
Competitive
Landscape of the Laboratory Filtration 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 offers 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 other market participants featured in FMI’s global laboratory filtration
equipment and supplies market report are 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 the leading players in the laboratory
filtration equipment and supplies market are focussing on entering the untapped
markets of developing regions.
