Laboratory Filtration Market Size (2024 - 2029)

Laboratory Filtration Market Analysis

The Laboratory Filtration Market size is estimated at USD 3.77 billion in 2024, and is expected to reach USD 5.31 billion by 2029, growing at a CAGR of 7.12% during the forecast period (2024-2029).

The outbreak of COVID-19 has impacted the laboratory filtration market. The increasing demand for vaccine development and manufacturing during the pandemic has increased the adoption of laboratory filtration. Various filtration techniques are used for the manufacturing of vaccines. For instance, according to the NCBI research study published in April 2021, new purification and filtration methods were streamlined for vaccine manufacturing to scale up production during the COVID-19 pandemic. The same source also stated that researchers at Michigan Technological University created new processes to improve the purification and filtration step, which accounts for 50.0% to 70.0% of a vaccine's manufacturing costs. Laboratory filtration equipment is an essential requirement for carrying out vaccine filtration procedures. Thus, such an increase in initiatives favoring vaccinations may increase vaccine production, which in turn may propel the demand for laboratory filtration. Therefore, the pandemic positively impacted the market and is expected to continue the upward trend over the forecast period.

The launch of new, transforming, and innovative technology in lab filtration, an increase in initiatives favoring vaccinations, favorable patient demographics, and growing vaccinations of newborns and children are the major drivers for the market. For instance, in October 2021, the 'Tika Express program was launched to speed up vaccination in VisakhaAgency. The mobile vans carried the health staff to far-flung areas, where vaccines are administered to people on the spot by organizing camps. Additionally, in August 2022, National Immunization Awareness Month was conducted to raise awareness about how important vaccination is to prevent chronic and fatal diseases. Furthermore, in November 2022, Touchligh is furthering the pre-clinical development of its proprietary doggybone DNA vaccine platform. Its latest research is financed by a new grant from the Bill & Melinda Gates Foundation. The Bill & Melinda Gates Foundation awarded Touchlight USD 2.4 million in funding to further the preclinical development of its doggybone DNA vaccine platform. Such an increase in initiatives favoring vaccinations may increase vaccine production, propelling the demand for laboratory filtration. Thus, considerable market growth is expected over the forecast period.

The favorable patient demographics and growing vaccinations of newborns and children are also driving the market growth. For instance, according to data published by the American Academy of Pediatrics, in March 2022, more than 1 million people in the United States have long-term hepatitis B infections, and people who are infected with hepatitis B as a baby have a 90% chance of developing serious, chronic conditions like liver cancer in their lifetime. As per the same source, chickenpox infects 4 million people in the United States every year. More than 10,000 were hospitalized, and more than 100 died. A mild case can cause a child to miss school for a week or more. Additionally, the polio virus is still circulating outside the United States, and unvaccinated children are at risk. To overcome and reduce morbidity, mortality, and economic toll, there is a growing vaccination for newborns and children, which is expected to accelerate the manufacturing rate of vaccines. Since laboratory filtration is an essential step for vaccine manufacturing, thus increasing rate of vaccine manufacturing is expected to propel the demand for laboratory filtration, thereby surging the market growth.

However, the reuse of sterilizing-grade filters and the high cost of specialized filters is likely to impede the market growth over the forecast period.

Laboratory Filtration Industry Segmentation

As per the scope of this report, the Laboratory Filtration Market covers consumables and apparatus used for filtration processes in a laboratory setting. The research scope does not cover industrial purification & filtration systems used in pharmaceutical and biotech manufacturing processes.

The Laboratory Filtration Market is Segmented by Technology (Microfiltration, Ultrafiltration, Reverse Osmosis, Vacuum Filtration, and Nanofiltration), Product (Filtration Media, Filtration Assemblies, and Filtration Accessories), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (USD million) for the above segments.