Dublin, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The "Laboratory Filtration Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Laboratory Filtration Equipment estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$3 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030.
Microfiltration, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$922.9 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Ultrafiltration segment is readjusted to a revised 10.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $514.9 Million, While China is Forecast to Grow at 10.4% CAGR
The Laboratory Filtration Equipment market in the U.S. is estimated at US$514.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$364.4 Million by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 8.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$337.2 Million by the year 2030.
Select Competitors (Total 64 Featured) -
- 3M Company
- Agilent Technologies, Inc
- Ahlstrom-Munksjo
- AMD Manufacturing, Inc.
- AQUAPORIN A/S
- Avantor, Inc
- Cantel Medical Corporation
- Cole-Parmer North America
- Cytiva
- Danaher Corporation
- Dow Water and Process Solutions
- DuPont
- GEA GROUP AKTIENGESELLSCHAFT
- GVS S.p.A (Italy)
- Koch Membrane Systems
- MACHEREY-NAGEL GmbH & Co. KG
- MANN+HUMMEL
- MilliporeSigma
- Orbital Biosciences LLC
- Porex Corporation
- Sartorius AG
- Sterlitech Corporation
- Thermo Fisher Scientific
- Veolia Water Technologies
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics
| Report Attribute | Details |
| No. of Pages | 464 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.6 Billion |
| Forecasted Market Value (USD) by 2030 | $3 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Laboratory Filtration Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of COVID-19 Pandemic and Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- A Mixed Picture for Laboratory Equipment and Supplies Industry During the Pandemic
- Global Laboratory Equipment and Supplies Market Growth Outlook (in %) for Years 2019 through 2025
- What is Filtration?
- Types of Filtration Techniques
- An Introduction to Laboratory Filtration Equipment
- Types of Lab Filtration Equipment
- Major End-Use Markets
- Global Market Prospects & Outlook
- Microfiltration Equipment Leads the Global Market
- Biopharmaceutical and Pharmaceutical Companies to Foster Growth
- Developed Regions Lead Market Growth
- Competition
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increase in Adoption of Laboratory Filtration Techniques Spurs Opportunities for Lab Filtration Equipment
- Growing Use of Laboratory Filtration in Healthcare Sector Bodes Well for the Market
- Rising R&D Investments by Pharmaceutical & Biopharmaceutical Industry to Fuel Market Growth
- Bioburden Control in a Booming Biopharmaceutical Industry Spells Opportunity for Lab Filtration Equipment: Global Biopharmaceutical Sales (in US$ Billion) for Years 2020, 2022, 2024, and 2026
- Pharmaceutical R&D Spending Worldwide (USD Billion) for 2015-2025
- Adoption of Lab Filtration Equipment in Drug Discovery Continues to Surge
- Global Drug Discovery Market by Segment: 2020
- Focus on Bioburden Control Drives Demand for Sterile Filtration in the Biopharmaceutical Industry
- Increase in Vaccine Production Pushes Up Need for Filtration Equipment
- Growing Use of Membrane Filtration in Biopharmaceutical Research & Manufacturing
- Transition towards Pharma 4.0 Mandate Changes to Filtration Equipment for Biopharma Industry
- Increasing Focus on Quality Control Enhances Importance of Laboratory Filtration in Food & Beverages Industry
- Robust Demand for Processed Foods to Benefit Demand Growth
- Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
- Growing Use of Filtration Techniques in Clinical Labs
- Surge in COVID-19 Testing Volumes Benefits Clinical Labs, Favoring Filtration Equipment Market
- Total Number of COVID-19 Tests Conducted and Tests Per Million Population in Most Impacted Countries: As on September 27, 2021
- Laboratory Trends to Impact Growth in the Lab Filtration Equipment Market
- Technology Advancements in Lab Equipment to Boost Long-term Growth
- Sustainability Focus in Laboratory industry Impacts Lab Filtration Equipment Market
- Membrane Filtration Techniques Find Preference in Testing Fluid Sample for Microorganisms
- Membrane Filtration Emerges as Ideal Technique for Microbiological Testing of Water Samples
- Pharmaceutical Industry Presents Opportunities for Membrane Filtration
- Sterile Filtration Equipment: A Common Part of Several Lab Applications
- Integrity Testing Plays a Critical Part in Laboratory Sterility Filtration
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/m27kay
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