April 24, 2008 — /PRWEB/ — SAN JOSE, CA — Filtration equipment is a critical component that finds numerous applications in laboratories. Europe and the United States dominate the global laboratory filtration equipment market, capturing an estimated 74 percent share in 2008 as stated in a recent report published by Global Industry Analysts, Inc. The filtration equipment market is expected to grow steadily with the introduction of new products as the market witnesses a transition from conventional methods of filtration to modern, sophisticated methods. The market is primarily dependent on research and development activities in the medical field for developing treatments for fatal diseases. The biotech industry is expected to be the major growth driver. Other driving forces for the market include increased use of microfiltration membranes in laboratory filtration applications and enhanced investment in research and development activities across various sectors.
Microfiltration products represent the largest and the fastest growing segment. The microfiltration products market in the United States is projected to reach $186 million by 2010. The laboratory/analytical market is a small, yet significant consumer of microfiltration membranes. The demand is usually for expensive, high-end membranes to be used in very critical processes. Europe represents the world’s largest market for laboratory filtration equipment and is poised to continue its superiority through 2010. The ultrafiltration products market in Europe is estimated at $147 million for 2008. Asia-Pacific, the developing world economy, is projected to register the highest growth rate during 2000 to 2010. The reverse osmosis market in the region is forecast to record sales of $7.5 million by 2010.
Leading players profiled in the report include Barnstead International, Cantel Medical Corp., Cuno, Inc., FilmTec Corp., GEA Filtration, GE Healthcare, GE Water & Process Technologies, Hydranautics, Koch Membrane Systems, Inc., Millipore Corp., Orbital Biosciences LLC, Pall Corp., Porex Corp., Sartorius Stedim Biotech SA, and Whatman Plc.
The report titled “Laboratory Filtration Equipment: A Global Strategic Business Report,” published by Global Industry Analysts, Inc., analyzes the global and regional markets across three product segments, namely microfiltration products, reverse osmosis products, and ultrafiltration products. Analysis is presented for the United States, Canada, Japan, Europe, Asia-Pacific, and Latin America for the period 2000 to 2010. The report enumerates recent developments, mergers, acquisitions, and other strategic industry activities.