Description
The global laboratory filtration market was valued at USD 3.06 billion in 2020 and is projected to reach USD 5.31 billion with a CAGR of 8.2% during the forecast period, 2021-2027. Growing laboratory filtration applications in the biotechnology and pharmaceutical industries are driving the market growth. In addition, increased R&D spending will spur the global laboratory filtration market in the future period. Moreover, increased public and private funding for laboratory activation and increased end-user purity demand will likely bring about remarkable growth in the laboratory filtration market. The growing clinical usage of laboratory filtration in pharmacology, such as the development of bulk medicines and large molecule biopharmaceuticals, is likely to stimulate the demand for laboratory filtration in the coming years.
