Laboratory Filtration Market Expected To Reach $ 6.8

Portland, OR, December 14, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the laboratory filtration Marlet generated $ 3.06 billion in 2020, and is expected to reach $ 6.8 billion by 2030, with a CAGR of 8.3% from 2021 to 2030. The report provides detailed analysis of changing market dynamics, major segments, value chain, key investment pockets, regional scenario and competitive landscape.

Increasing R&D investments in the pharmaceutical and biopharmaceutical industry, growing demand for membrane filtration technology, increasing technological innovations and increasing purity requirements among end users are driving the growth of the global market laboratory filtration. However, fouling of membranes degrading filtration efficiency restricts the market to some extent. On the other hand, the untapped market potential of emerging regions presents new opportunities in the years to come.

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Impact of COVID-19 on Laboratory Filtration Market-

  • The outbreak of the COVID-19 pandemic has positively impacted the growth of the global laboratory filtration market.
  • Researchers began to use various types of laboratory products, including filters, to perform various experiments for detecting the virus during vaccine development, which has boosted the demand for laboratory filtration.
  • In addition, changes in consumer behavior towards health and hygiene products during the pandemic indirectly influenced the adoption of the membrane filtration process.

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The report offers detailed segmentation of the global laboratory filtration market on the basis of product, technique, end-user, and region.

On the basis of the product, the filtration media segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue to play a leading role during the period of forecast. However, the filtration assemblies segment is expected to register the highest CAGR of 9.7% from 2021 to 2030.

On the basis of technique, the microfiltration segment held the largest market share in 2020, holding more than two-fifths of the total market share, and is expected to maintain its leading status during the forecast period. Moreover, the same segment is expected to register the highest CAGR of 9.5% from 2021 to 2030.

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Based on region, North America contributed the highest revenue share in 2020, holding more than two-fifths of the total market share, and is expected to retain its dominant share by 2030. In addition, Asia-Pacific is expected to exhibit the fastest CAGR of 10.4% during the forecast period. Other regions discussed in the report include North America, Asia Pacific, and LAMEA.

Major Global Laboratory Filtration Market players analyzed in the research include 3M Company, Agilent Technologies, Inc., Antylia Scientific, Danaher Corporation, Merck KGaA, Sartorius AG, Steris (Cantel Medical Corporation), Sterlitech Corporation, Thermo Fisher Scientific and Veolia Water Technologies.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 vertical sectors, in particular Life sciences, consumer goods, materials and chemicals, construction and manufacturing, food and beverage, energy and electricity, semiconductors and electronics, automotive and transportation, ICT and media, aerospace and defense, and BFSI.

We have professional relationships with various companies which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Pawan Kumar, CEO of Allied Market Research is essential in inspiring and encouraging everyone associated with the business to maintain high quality data and to help customers in every way possible to be successful. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.

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