Laboratory Filtration Market was valued at $1,804.9 million in 2014 and is expected to grow at a CAGR of 7.0% from 2014 to 2019.
(PRWEB) September 30, 2014
Over the last decade, the laboratory filtration market is experiencing growth primarily due to rising R&D budgets and increased acceptance of new filtration technologies in end users market. The fast growing pharmaceutical and biotechnology industries are also catalyzing the growth of laboratory filtration market.
The global laboratory filtration market is expected to grow at a strong CAGR during the forecast period of 2014-2019 and is estimated to be worth $2,532.6 million by 2019. The market is mainly driven by the increasing research activities in the pharmaceutical and biotechnology segments, and growing demand for biotech molecules for therapeutic and diagnostic applications and increasing purity requirements in end-user markets. However, technological developments cutting down the use of the membrane filtration technology may hamper the growth of the market to a certain extent. Complete report is available at http://www.reportsnreports.com/reports/298389-laboratory-filtration-market-by-technology-ultrafiltration-microfiltration-reverse-osmosis-product-filter-assembly-filter-media-accessories-dispenser-seal-filter-flask-vacuum-pump-by-end-user-global-forecasts-to-2019.html .
In this report, the global laboratory filtration market is segmented by technology, products, accessories, and geography. The laboratory filtration market is mainly classified by technology into Microfiltration, Reverse Osmosis, Ultrafiltration, Vacuum Filtration, and Nanofiltration. The laboratory filtration products market broadly covers Filtration Assemblies and Filtration Media. The filtration assemblies market is further sub-divided into Microfiltration Assemblies, Reverse Osmosis Assemblies, Ultrafiltration Assemblies, Vacuum Filtration Assemblies, and Others. Moreover, the filtration media market is sub-divided into Filter Papers (Cellulose Filter Papers, Glass Microfiber Filters, and Quartz Filters), Membrane Filters, Syringe Filters, Syringeless Filters, Capsule Filters, Filtration Microplates, and Others. Furthermore, on basis of accessories, laboratory filtration market is classified into Filter Holders, Filter Funnels, Membrane Dispensers, Filter Flasks, Filter Housings, Cartridges, Canisters, Vacuum Pumps, Seals, and Others.
The major players in the laboratory filtration market include Cantel Medical Corp, Merck Millipore, Pall Corporation, Sartorius Group, Thermo Fisher Scientific Inc, 3M Company, General Electric Company, Sigma-Aldrich Corporation, Veolia Water Technologies Corporation and Sterlitech Corporation. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=298389 .
During the forecast period the micro filtration segment will continue to dominate the laboratory filtration market. Micro filtration segment is growing primarily due to increasing use of micro filtration membranes as pre filters to ultra filtration and reverse osmosis processes. Furthermore, growing demand of filtration technologies in pharmaceutical and bio pharmaceutical industries is also expected to drive the growth of the laboratory filtration market.
By 2019, North America contributes to the largest share to the global laboratory filtration market, followed by Europe, Asia-Pacific, and RoW. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market. The Asia Pacific region is expected to have the fastest market growth during the forecast period, largely driven by the increasing research funding form government and private investors and growing number of research laboratories.
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Pall Corporation (U.S.) and Merck Millipore (U.S.) are the leading players, together accounting for around 35% to 40% share in the global laboratory filtration market in 2013. Pall Corporation has a diversified product portfolio, which includes a wide range of filtration products including filter capsules, membrane filters, filter funnels, filter holders, syringe filters, and laboratory water purification systems. The company has an extensive experience and expertise in filtration technology. The company has a strong geographical presence with business operations in several geographies across the globe including, Europe, North America, Latin America, Asia, Middle East, and Africa.
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