Laboratory Filtration Market worth $2,532.6 Million by 2019 - Key Players - Pall Corporation (U.S.), Merck Millipore (Germany), Sartorius Group (Germany), 3M Purification Inc. (U.S.), GE Healthcare (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Sigma Aldrich Corporation (U.S.).

According to the report, this laboratory filtration market is mainly driven by the rising requirements for purity in the end-user markets. Apart from that, rise in the research and development activities in the pharmaceutical and biotechnology industries and strong rise in the demand for biotech molecules for the therapeutic and diagnostic applications are also expected to drive the market growth. However, it also estimated the industry growth to be restrained by several factors. These factors include the stringent government regulations in validation of the filtration processes and growing requirement of high capital expenditure from the industry manufacturers. The technological developments and reduced use of the membrane filtration technology may also hamper the growth of the market to a certain extent.

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According to the research report, the stringent requirements for purity in the end-user industries and constantly growing R&D activities in the biotechnology and pharmaceutical markets are fuelling the growth in the overall laboratory filtration market. Moreover, increasing focus towards biopharmaceuticals developments and upsurge in the application of filtration techniques are also contributing to the growth of the overall market, especially during the forecasting period of 2014 to 2019.

During the forecasting period, the report suggests that a majority of the growth in the market will be driven by the demand from pharmaceutical and biotechnology industries and growing number of research laboratories in the Asian market, especially in the countries like Japan and India. Other significant countries like China and Singapore are also witnessing rapid technological growth, which is expected to boost the Asian laboratory filtration market.

As per the report findings, North America dominated the global laboratory filtration market in 2014, in terms of geographic regions. The region is also estimated to maintain its dominance by 2019. Overall size of the market in this region is expected to reach $907.4 million in 2019 from $700.9 million in 2014.

The laboratory filtration market is consolidated at the top, wherein the top 10 players accounted for nearly 80% of the market share in 2013. Majority of the leading players in the market are based in the developed countries across North America and Europe.

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Major Players in this market include (U.S.) and Merck Millipore (U.S.). Some other leading players in the market include GE Healthcare (U.S.), Sartorius Group (Germany), 3M Purification Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Cantel Medical Corp. (U.S.), and Sigma Aldrich Corporation (U.S.).

According to the report, many players in this market adopted the strategy of agreements, partnerships and collaboration in order to maintain their leadership on global scale. Some of the key players aspire either to expand their product portfolio or to improve their geographic presence. While organic expansion has been followed by some of the key companies, majority of the top players have adopted mergers and acquisitions as their key growth strategy.

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