Filtration is a sterilization method used in laboratories worldwide. It is one of the most important steps in almost all types of laboratory process related to environmental, chemical, and life science applications. Laboratory filtration is one of the most important laboratory techniques used to obtain precise results. Thus, there is an increase in demand for novel filtration techniques worldwide.
Market Dynamics:
Rise in burden of infectious or life-threatening disease, high demand for safe & effective vaccines, rapid growth of the pharmaceutical industry, increasing applications of filtration technology, and the outbreak of COVID-19 (pandemic) are major factors expected to augment growth of the global laboratory filtration market during the forecast period.
For instance, in February 2023, AstraZeneca and the Ministry of National Guard Health Affairs in the Kingdom of Saudi Arabia (KSA) signed two agreements with the King Abdullah International Medical Research Centre (KAIMRC) to accelerate the R&D of the drug discovery and enhance clinical studies and research in rare diseases and genomics.
Moreover, in November 2022, the Government of Canada (Innovation, Science, and Economic Development Canada) invested US$ 127 million through Canada Foundation for Innovation (CFI) to support upgrades to eight bio-containment facilities. This in turn is expected to increase demand for laboratory filtration, driving the growth of the market.
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