According to the Market Statsville Group (MSG), the global laboratory filtration market size is expected to grow from USD 3,430.4 million in 2022 to USD 7,307.3 million by 2033, at a CAGR of 7.2% from 2023 to 2033.

Filtration is a basic separation technique to remove solid particles from liquids or gases. A filter's primary components include a filter medium and a housing/holder that contains the sample and keeps the medium in its path. The market offers a wide range of laboratory filtration media, including membrane, syringe, and vacuum filters. Membrane filters are made of thin, porous materials that allow specific compounds to pass through, whereas syringe filters are used to remove particles from samples before they enter a syringe. On the other hand, vacuum filters are used in microbiological and analytical procedures to collect particulate matter from a liquid suspension.

The pharmaceutical industry's growth and expansion is major driver factor for the market growth. In the pharmaceutical industry, laboratory filtration is widely used to ensure purity and sterility for drug discovery, development, manufacturing; microbial analysis and removal; water purification; and life sciences research. It has application in the food and beverage industries to clarify liquids and separate liquids from solids. As a result, continuous growth in the food and beverage industry is a key growth factor. Additionally, leading manufacturers provide cost-effective and simple filtration solutions to researchers and laboratories in order to maximize efficiency. Other factors contributing to the industry's growth include advancements in filtration technology, higher purity requirements, and the need to develop large-molecule biopharmaceuticals.

COVID-19 Impact on the Global Laboratory Filtration Market

The COVID-19 pandemic has significantly impacted the global economy, although the laboratory filtration market was lucky enough to survive the hit. Growing concerns about maintaining health and hygiene during the worldwide lockdown have paved the way for the growth of this market. The market demand and supply have been propelled by a significant increase in demand from the end-users, such as food and beverage, healthcare, and wastewater treatment facilities. Furthermore, the increasing number of vaccine development activities during the pandemic boosted the demand for laboratory filtration. The development of vaccines has resulted in high demand for various filtration techniques and materials.

Global Laboratory Filtration Market Dynamics

Drivers: Increased Government Investments in the Healthcare Infrastructure

The federal government has increased funding for the healthcare infrastructure, which is expected to drive the market's growth rate. Driven by both public and private players, the growth and expansion of the healthcare industry will create lucrative growth opportunities, particularly in developing economies. Furthermore, the high return on investment (ROI) guaranteed by research activities will benefit the market.

Subsequently, rising expenditure on the development of nano-fiber technology, which provides greater flexibility, control, and durability, increase in disposable income, the introduction of technologically driven products in hospitals, rising investment for the development of advanced medical equipment and devices, and an increase in demand for high production filtration products during the down streaming process and others have a positive impact on the market growth rate.

Restraints: High Cost Associated with the Research and Development

High costs associated with R&D capabilities, limited infrastructural facilities, and the requirement of a large volume of raw materials are expected to hamper the market growth. In addition, a lack of favorable reimbursement scenarios and technology penetration in developing economies, the need for high capital investments to set up production facilities, high price sensitivity among end users, and a lack of suitable infrastructure in emerging countries are expected to challenge the market during the forecast period.

Opportunities: Technological Advancements

An increase in the public-private funding for targeted research activities, the introduction of sophisticated filtration methods for ultra-purification, and rising product innovations and development as a result of technological advancements all over the world will expand profitable opportunities for market participants during the forecast period. Furthermore, rising internet penetration rate, increasing number of hospitals and laboratories, increasing use of analytical instruments by researchers and scientists, and rising per capita expenditure on healthcare will contribute to the market's future growth rate.

Scope of the Global Laboratory Filtration Market

The study categorizes the laboratory filtration market based on product, technology, and end-user at regional and global levels.

By Technology Outlook (Sales, USD Million, 2019-2033)

• Microfiltration
• Ultrafiltration
• Reverse Osmosis
• Vacuum Filtration
• Nanofiltration

By End-users Outlook (Sales, USD Million, 2019-2033)

• Pharmaceutical & Biotechnology Companies
• Food & Beverage Industry
• Hospitals & Diagnostic Laboratories
• Academic & Research Institutions

By Product Outlook (Sales, USD Million, 2019-2033)

• Filtration Media
• Filtration Assembly
• Filtration Accessories

By Region Outlook (Sales, USD Million, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Microfiltration segment accounts for the largest market share by Technology

Based on the technology, the global laboratory filtration market has been categorized into microfiltration, ultrafiltration, reverse osmosis, vacuum filtration, and nanofiltration. In 2019, microfiltration held the largest market share. Due to its chemical resistance and high thermal stability, microfiltration is gaining popularity in the market. Microfiltration provides a high separation capability without additional solvents, making the technique simple to operate and implement.

North America accounts for the largest market share by Region

Based on the regions, the global laboratory filtration market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2019, North America dominated the global laboratory filtration market. The demand for filtration processes is increasing in North America. Filtration in pharmaceutical & biopharmaceutical companies, hospitals, and diagnostic laboratories is increasing in the developed markets, contributing to this region's growth. This region is home to several manufacturers, including Pall Corporation, 3M Company, Thermo Fisher Scientific, and others.

As a result, these market developments are probably contributing to North America's market dominance.

Competitive Landscape - Global Laboratory Filtration Market

The global laboratory filtration market is highly competitive, with key industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global laboratory filtration market are:

• Merck Millipore
• Pall Corporation
• Sartorius Group
• 3M Company
• GE Healthcare
• Cantel Medical
• Thermo Fisher Scientific
• Sigma-Aldrich

Key Issues Addressed

• What is the market size by various segmentation of laboratory filtration by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the laboratory filtration market?
• What are the key opportunities and trends for manufacturers involved in the laboratory filtration supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of laboratory filtration in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.