(PharmaNewsWire.Com, December 15, 2017 ) Latin America Laboratory Filtration industry is anticipated to grow at a 7.43% CAGR from 2016 to 2021 and it is estimated that the Latin-America industry was valued at USD 0.20 billion in 2016 and is expected to reach USD 0.29 billion by 2021.
Filtration is a process that involves the use of mechanical, physical or biological process to separates solids from fluids using a medium through which only fluids are allowed to pass. The fluid that is allowed to pass through the medium is called the filtrate. In physical filters, large solid particles in the fluid are retained while in the case of biological filters, particulates are trapped and ingested and metabolites are retained and removed. Be that as it may, the separation is not complete as solids will be contaminated with some fluid and filtrate will contain some fine particles depending on the pore size, filter thickness, and biological activity. Filtration occurs both in nature and in engineered systems; there are biological, geological, and industrial forms.
The increase in the application of filtration technology in pharmaceutical, biopharmaceutical, and food & beverage industries and the rise in the demand for more efficient filters are the key factors boosting the industry growth. The industry is witnessing the launch of new transforming and innovative technologies in lab filtration and filter media products. The uptake of analytical instruments, stringent regulations controlling the quality of products used in laboratories, and growing demand for biopharmaceutical molecules for therapeutic and diagnostic applications. However, stringent government regulations for filtration procedures especially in pharmaceutical and food and beverage industries is having a negative impact on the growth of the industry.
· Companies Academic & Research Institutes Food & Beverage
· Companies Hospital
· Diagnostic Laboratories
· Y-o-Y Growth Analysis, By End User
· Industry Attractiveness Analysis, By End User
· Industry Share Analysis, By End User
On the basis of geography, the industry is analyzed under various regions namely Argentina, Brazil and Mexico. Poor economies and strict government policies are going to impact the industry growth negatively. However, heavy investment by private players in the untapped industry are going to boost the industry growth.
The major players in the laboratory filtration industry include Merck Millipore and Pall Corporation, GE Healthcare, Sartorius Group, 3M Purification Inc., Thermo Fisher Scientific Inc., Cantel Medical Corp., Cantel Medical Corporation, Cuno, Dow Water & Process Solutions, FilmTec Corporation, GE Healthcare and Sigma-Aldrich Corporation.
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