What are Key Factors Driving the Growth of Laboratory Filtration Market?

Due to the mushrooming utilization of filtration items in the food and beverage industry and the development of technologically advanced and innovative products, the global laboratory filtration market is predicted to exhibit huge expansion in the coming years. In addition to this, the soaring research and development (R&D) activities in the biopharmaceutical and pharmaceutical industries and the surging usage of filtration materials in clinical laboratories are also fueling the expansion of the market across the globe.

The growing usage of the membrane filtration method in the food and beverage industry is one of the major factors driving the progress of the market. Membrane filtration is basically a unique technology that incorporates the use of a physical barrier, which can be a filter or a membrane, for separating various unwanted substances from a fluid. Due to its ability to provide effective results in purification and fractionation processes, its popularity is rising sharply around the world.

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Depending on product, the laboratory filtration market is divided into filtration assemblies, filtration accessories, and filtration media. Out of these, the filtration assemblies category is predicted to exhibit the fastest growth in the market in the forthcoming years. Microfiltration, reverse osmosis, ultrafiltration, and vacuum filtration are the major sub-categories of filtration assemblies. Amongst these, the microfiltration assemblies sub-category registered the highest growth in the market during the past few years.

Across the globe, the laboratory filtration market is predicted to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the coming years. This will be because of the rapid improvements in healthcare infrastructure, the growing incidence of chronic diseases, and the surging production of various pharmaceutical products in the regional countries. As per the observations of the World Bank, the total healthcare expenditure in South Asia increased from 3.9% of the region’s GDP in 2000 to 4.4% in 2014.

Hence, it can be said without any hesitation that the market will boom all over the world in the coming years, primarily because of the rising usage of filtration items in the food and beverage industry and the ballooning popularity of the membrane filtration method across the world.

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