How will Rising Healthcare Expenditure Fuel Boom of Laboratory Filtration Market in Asia-Pacific in Future?
One of the major factors propelling the demand for laboratory filtration technology across the world is the soaring utilization of laboratory filtration products in the food and beverage industry. Membrane filtration processes are bring increasingly incorporated in the food and beverage industry owing to their extremely high efficiency in clarification, fractionation, concentration, and purification methods. Due to the incorporation of these highly effective methods, the quality of the food items increases drastically.
The other major factor fuelling the growing demand for laboratory filtration techniques is the development of cost-effective, highly efficient, and technologically advanced filtration products. For instance, the membrane filters help in retaining particulate matter on the smooth membrane surfaces. In addition to this, the numerous types of syringe filters offered by Sartorius AG such as the Minisart syringes are used for removing particulate matter and microorganisms from gases, liquids, and air.
In laboratory filtration methods, various types of technologies such as microfiltration, reverse osmosis, nanofiltration, ultrafiltration, and vacuum filtration, are used for removing particles from a fluid. Amongst these, the microfiltration-based method recorded the highest usage in 2017 and is expected to register rapid growth in adoption in the years to come. This type of filtration method is rapidly gaining popularity in several countries including Germany, Japan, and the U.S, mainly on account of the increasing demand for generic and biological drugs and the surging healthcare infrastructure in these countries.
Geographically, Asia-Pacific (APAC) is anticipated to record the fastest growth in the adoption of laboratory filtration technologies during the forecast period, owing to the rising incidence of chronic diseases, soaring production of pharmaceutical products, and improving healthcare infrastructure in the region. As per the World Bank, the total healthcare spending in South Asia in 2000 was recorded to be 3.9% of the region’s total gross domestic product (GDP) and this share increased to 4.4% by 2014. This is trend is expected to continue in future, thereby fuelling the growth of the laboratory filtration market in the region in future.
Therefore, it can be said without any hesitation that due to the increasing requirement of advanced filtration methods, products, and technologies in a plethora of industries such as food and beverage and pharmaceuticals and the surging healthcare expenditure in several countries, the demand for laboratory filtration technologies will observe tremendous growth in the coming years.