Huge Growth Expected in Laboratory Filtration Market in FuturePosted by Pramod Arya on February 17th, 2022 The mushrooming use of filtration products in the food and beverage industry is driving their sales across the world. Moreover, the expansion of the food and beverage industry, on account of the growing popularity of ready-to-eat and processed foods, is also positively impacting the worldwide demand for laboratory filtration techniques. According to Statista, the food & beverages industry generated a revenue of 9,717 million in 2021. Furthermore, as per the India Brand Equity Foundation (IBEF), the food processing industry in India will reach a value of 5 billion by 2025–2026. Browse In-depth Laboratory Filtration Market Research Report Membrane filtration is a very unique technology, which employs the use of a physical barrier, such as a filter or a membrane, for separating unwanted particles from a liquid. This method is increasingly being utilized in the food and beverage industry, due to its ability to provide highly effective results, in terms of clarification, purification, fractionation, and concentration. As these methods assist in improving the quality of food items, they are being extensively used for filtering various types of beverages. Apart from the aforementioned factors, the development of technologically advanced and innovative products, that are cost-effective and efficient, is also fueling the expansion of the global laboratory filtration market. For example, membrane filters assist in retaining the particulate matter on a smooth membrane surface. Membrane filters are heavily used in water microbiology and air pollution applications. Sartorius AG is providing a diverse range of syringe filters, such as Minisart syringe filters, which can efficiently remove particulate matter and microorganisms from gases, air, and liquids. Due to the above-mentioned factors, the revenue of the laboratory filtration market is expected to surge from .3 billion in 2017 to .5 billion by 2023, exhibiting a CAGR of 7.3% from 2018 to 2023 (forecast period). Filter papers, membrane filters, filtration microplates, capsule filters, syringe filters, and syringeless filters are the most widely used types of laboratory filtration media across the world. Out of these, the demand for membrane filters is expected to surge sharply in the coming years, mainly because of the fact that these filters have microporous plastic films with very specific pore-size ratings, that assist in eliminating minute impurities. Geographically, the laboratory filtration market will demonstrate the highest growth rate in the Asia-Pacific (APAC) region throughout the forecast period, as per the estimates of the market research company, P&S Intelligence. This will be because of the rising incidence of chronic diseases, improving healthcare facilities, and ballooning production of various pharmaceuticals in the region. As per the World Bank, South Asia’s healthcare expenditure surged from 3.9% of its total gross domestic product (GDP) to 4.4% of its GDP from 2000 to 2014. Furthermore, the healthcare spending of East Asia and Pacific increased from 6.5% of its GDP to 6.9% of its GDP from 2000 to 2014. Thus, the demand for laboratory filtration techniques and products will soar in the coming years, mainly because of their surging use in the food and beverage industry, increasing production of pharmaceuticals, and the rising incidence of chronic illnesses around the world. Like it? Share it!More by this author |