According to the latest report by IMARC Group “Laboratory Filtration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global laboratory filtration market reached a value of US$ 3.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2027, exhibiting a CAGR of 8.07% during 2022-2027.
Laboratory filtration refers to the process of separating solids from liquids or gases by depositing them on a filter media. It is performed using a variety of filters, such as membrane, syringe, and vacuum filters. At present, it finds extensive application in drug discovery and development, virus removal, microbial analysis, research laboratories, and water purification treatment plans across the globe.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Laboratory filtration is utilized in the food and beverage (F&B) industry for clarifying liquid products and separating liquids from solids. Besides this, the leading manufacturers are focusing on introducing cost-effective filtration solutions for researchers and laboratories to expand their overall reach. This, along with the introduction of sophisticated filtration methods for ultra-purification,is acting as another growth-inducing factor. Moreover, the escalating demand for high throughput filtration products during down-streaming processes, and the increasing utilization of analytical instruments, are anticipated to drive the market further.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include: