LABORATORY FILTRATION IN HEALTH CARE MARKET ANALYSIS

Laboratory Filtration In Health Care MarketSize and Trends

The global laboratory filtration market was valued at US$ 3,244.92 Mn in 2022 and is forecast to reach a value of US$ 6,397.3 Mn by 2030 at a CAGR of 8.9% between 2023 and 2030. The global laboratory filtration market is experiencing strong growth owing to the increasing applications of filtration technology and rapid growth of the pharmaceutical industry. Moreover, the outbreak of COVID-19 (pandemic) and increase in demand for safe and effective vaccines is expected to boost the market growth. However, factors such as high cost of specialized filters and reuse of sterilizing-grade filters are expected to hamper the market growth.

Global Laboratory Filtration Market

Market Trends:

Growing awareness about vaccination is a recent trend

Vaccination is a safe and effective way of protecting people against harmful diseases, before they come into contact with them. Vaccines save 4-5 million lives each year worldwide from infectious diseases, and is widely recognized as one of the world’s most successful and cost-effective health interventions. Thus, awareness among people about vaccination is important to reduce the level of vaccine hesitancy, improve vaccine acceptance, and clear misinformation about the vaccine. This trend is expected to continue over the forecast period.

Introduction of advanced technologies is another trend

In order to develop effective products and services that are significantly better, laboratory filtration plays a crucial role in product manufacturing procedures. Therefore, there is an increase in demand for advanced and transformed laboratory filtration technologies around the world, thereby driving the growth of the market. In November 2021, Sartorius launched a series of vacuum filtration units designed to offer faster and higher capacity filtration for a wide range of sample types. This trend is also expected to continue over the forecast period.