Merck KGaA (Germany) and Danaher Corporation (US) are Leading Players in the Laboratory Filtration Market
The global laboratory filtration market is projected to reach USD 6.1 billion by 2029 from USD 4.1 billion in 2024, at a CAGR of 8.3% during the forecast period of 2024 to 2029. Growth in the laboratory filtration market can be attributed to factors such as increasing R&D spending in pharmaceutical & biotechnology industries, increasing adoption of single-use technologies, and strict regulatory requirements. On the other hand, membrane fouling issues along with the risk of contamination are expected to hinder market growth.
The global laboratory filtration market is consolidated, with Merck KGaA (Germany), Danaher Corporation (US), Sartorius AG (Germany), 3M Company (US), Thermo Fisher Scientific, Inc. (US) accounting for the majority of the market share globally.
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Merck KGaA is one of the leading player in the laboratory filtration market. The company has strengthened its global position by offering a wide range of laboratory filtration products for end users operating in the laboratory filtration market. With a strong geographic reach, a broad portfolio of laboratory filtration products, and continuous expansion in developed as well as developing regions, the company is expected to grow at a high rate in the pharmaceutical filtration market during the forecast period.
Danaher Corporation became one of the most prominent players in the laboratory filtration market after its acquisition of Pall Corporation. The company operates as one of the top players in the pharmaceutical filtration market with its strong portfolio of filters, systems & other filtration solutions. Danaher Corporation focuses on growth strategies such as agreements, acquisitions, and expansions to strengthen its global position in the market. For instance, in the last three years, Danaher has engaged in acquisitions and agreements with Austar LifeSciences (China), Servier Laboratories (France), New Jersey Innovation Institute (US), General Electric-Life Sciences (US), and Sartorius AG (Germany).
Sartorius AG is among the top 5 players in the laboratory filtration market with a wide range of laboratory filtration products addressing the needs of CROs, CDMOs, and pharma & biopharma companies. High investment in R&D has enabled the company to launch products such as Sartolab RF|BT Vacuum Filtration Units for laboratory filtration applications. Further, the company has actively engaged in strategic expansions owing to the increasing demand for its products.
Related Reports:
Laboratory Filtration Market by Product (Filters [Membrane Filter, Depth Filter], Media, Assemblies, Accessories), Material (PES, PVDF, Nylon, PTFE), Technique (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis) – Global Forecast to 2029
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