Growing Demand for Pharmaceutical Products to Drive Laboratory Filtration Market

July 04 19:42 2019
Growing Demand for Pharmaceutical Products to Drive Laboratory Filtration Market
According to P&S Intelligence, laboratory filtration market is expected to grow at a CAGR of 7.3% during the forecast period.

The laboratory filtration market generated a revenue of $2.3 billion in 2017 and is expected to grow at a CAGR of 7.3% during the forecast period (2018–2023). The market is being positively impacted by the increasing use of the filtration process in pharmaceutical and biopharmaceutical and food and beverages industry, and the introduction of technologically advanced products. Filtration separates two components, usually solid from liquid, with the help of size-specific filters. Laboratory filtration products find application in microbial analysis, water treatment plants, drug discovery and development, virus removal, and research laboratories.

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The increasing reliance on filtration techniques to obtain purified products is becoming a trend across various industries. In the pharmaceutical sector, the tissue culture media is filtered using several techniques such as membrane filtration to address diseases and manufacture new drugs. Membrane filters are also being used as a means of monitoring in-water microbiology and air pollution. Biomimetic membranes have been developed as a water filtration technology that replicates the process occurring at the cellular level.

The laboratory filtration market is being driven by numerous factors; one of these is the increasing research in biopharmaceutical and pharmaceutical industry. Water is required in its purest form for the research and manufacture of pharmaceutical and biopharmaceutical products. To obtain microbe-free water, several filtration techniques are used, such as ultrafiltration, vacuum filtration, and microfiltration, as these provide precise and reliable samples. The market is expected to grow because of the rise in demand for biopharmaceutical and pharmaceutical products.

Technological advancements are another factor that is driving the laboratory filtration market forward. Improved products offer a more cost-effective, accurate, and efficient means of filtering out the components, so the purity of the sample can be monitored. Membrane filter is one such product that is used to monitor air and water pollution. It uses a smooth membrane that separates the solid particles, depending on the pore size of the filter. Sartorius Group has a wide range of syringe filters, one of which is Minisart syringe filters, that are specifically used to remove particulates and microorganisms from gases, liquids, and air.

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The laboratory filtration market is segmented by geography, technology, and product. The technology segment is categorized into vacuum filtration, microfiltration, nanofiltration, ultrafiltration, reverse osmosis, and others. The largest share (35.5%) in terms of revenue in 2017 was held by the microfiltration category, and the CAGR for it is expected to be 6.8% during the forecast period. In 2023, about 34.4% of laboratory filtration market share is expected to be held by three countries, Germany, Japan, and the U.S.

Therefore, the rising demand for pharmaceutical and biopharmaceutical products, which would lead to an even heavier usage of the filtration process in laboratories, is predicted to supplement the growth of the market.

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