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April 22, 2008
Laboratory Filtration Equipment Market to Reach $983 Million by 2010, According to New Report by Global Industry Analysts, Inc.
Laboratory Filtration Equipment is a relatively niche market, operating in a diversified filtration market. With majority of nations enacting regulations and legislations for protecting the environment, the need for laboratory filtration equipment is rising across various applications. Global Laboratory Filtration Equipment market is projected to reach $983 million in sales by 2010.
San Jose, California (PRWEB) April 22, 2008 -- 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% 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. 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 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. 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 2000-2010. 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 Corporation, GEA Filtration, GE Healthcare, GE Water & Process Technologies, Hydranautics, Koch Membrane Systems, Inc., Millipore Corp., Orbital Biosciences LLC, Pall Corporation, Porex Corporation, Sartorius Stedim Biotech SA, 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 United States, Canada, Japan, Europe, Asia-Pacific and Latin America, for the period 2000-2010. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities.
For more details of this research report please visit http://www.strategyr.com/Laboratory_Filtration_Equipment_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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Posted by Industrial-Manufacturing at April 22, 2008 12:47 AM