As Per the Report, the Size of the Laboratory Filtration Market in Latin America is anticipated to grow at a 7.43% CAGR and it is estimated that the Latin-America market is valued at USD 247.09 Million in 2021 and is expected to reach USD 353.57 Million by 2026 during the forecast period 2021 to 2026.
Currently, the market is driven by the evolution in biopharmaceutical research and development activities. The laboratory filtration market in Latin America is poised to experience significant growth due to the increasing demand for contamination control parameters and investments in the industry. Much of Latin America's market growth can be attributed to growing health and environmental concerns, which have led to strict government policies regarding laboratory specimens' quality and samples. Other factors such as food contamination, a more comprehensive range of infectious diseases, allergies are driving the market.
The large-scale applications of filtration in sample preparation and their sterilization and purification will drive the market. Laboratory filtration is seen in the pharmaceutical, food, and biopharmaceutical industries for distilling solutions, gas filtration, contamination applications, and quality control; these have fueled the market's growth in Latin America. In addition, the increase in drug development research will also drive demand, thereby boosting the overall market across many Latin American regions. Amongst other industries, the biopharmaceuticals and pharmaceuticals companies will drive the market during the analyzed period.
However, strict government regulations for the authentication of filtration processes and the requirement of significant investments to establish manufacturing facilities are restraining the market's growth.
This research report on the Latin America Laboratory Filtration Market has been segmented and sub-segmented into the following categories
By Technology:
By Product:
By End User:
By Country:
Geographically, the Brazil, Mexico, Argentina, Chile, and the rest of Latin American countries constitute the laboratory filtration market in the Latin American region. In 2019, Brazil Laboratory Filtration Market accounted for the majority of the Latin American laboratory filtration market. It is expected to continue during the forecasted period 2020-2026. This market growth can be laid to the high usage of filter media in different industries such as the pharmaceutical industry. Its increased use can also be seen in the food and beverage sector as well in the region.
Mexico Laboratory Filtration Market will experience the highest CAGR in the Latin American laboratory filtration market during the projected period. Many pharmaceutical markets find the region attractive for their manufacturing units and laboratories, especially for research and development and institutes. In addition, the availability of a cheap and skilled workforce and developing infrastructure, along with the introduction of favorable government funds, has resulted in rapid market growth. Due to the factors mentioned above, the laboratory filtration market in this country is expected to grow even more in the coming years.
The healthcare market in Latin America is thriving due to the increasing number of government initiatives, growing chronic diseases, the growing medical tourism industry, and the growing senior population. In addition, the government has encouraged the private sector to improve the existing infrastructure by providing loans and funds so that the region can improve the healthcare industry in the upcoming years.
Many developing areas in Latin America are not up to date with laboratory filtration protocols; hence, few parts will expect slow sluggish growth due to lack of skilled labor and poor healthcare awareness. The quality of health services offered in other developed countries will improve at a healthy rate. In addition, the government aims to modify existing policies to attract foreign investments and raise health care standards.
KEY MARKET PLAYERS
Noteworthy Companies leading the Latin America Laboratory Filtration Market Profiled in the Report are Merck Millipore and Pall Corporation, GE Healthcare, Sartorius Group, 3M Purification Inc., Thermo Fisher Scientific Inc., Cantel Medical Corporation, Cuno, Dow Water & Process Solutions, FilmTec Corporation, GE Healthcare, and Sigma-Aldrich Corporation.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Filteration Media
5.1.2.1 Membrane Filters
5.1.2.2 Filter Papers
5.1.2.2.1 Cellulose Filter Papers
5.1.2.2.2 Glass Microfiber Filter Paperss
5.1.2.2.3 Quartz Filter Papers
5.1.2.3 Filtration Microplates
5.1.2.4 Syringeless Filters
5.1.2.5 Syringe Filters
5.1.2.6 Casule Filters
5.1.2.7 OtherFilteration Media
5.1.3 Filteration Assemblies
5.1.3.1 Microfiltration Assemblies
5.1.3.2 Ultrafiltration Assemblies
5.1.3.3 Reverse Osmosis Assemblies
5.1.3.4 Vacuum Filtration Assemblies
5.1.3.5 Other Filtration Assemblies
5.1.4 Filtration Accessories
5.1.4.1 Filter Holders
5.1.4.2 Filter Flasks
5.1.4.3 Filter Funnels
5.1.4.4 Filter Dispensers
5.1.4.5 Cartridge Filters
5.1.4.6 Filter Housings
5.1.4.7 Vacuum Pumps
5.1.4.8 Seals
5.1.4.9 Other Laboratory Filtration Accessories
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 Technology
5.2.1 Introduction
5.2.2 Ultrafiltration
5.2.3 Microfiltration
5.2.4 Nanofiltration
5.2.5 Reverse Osmosis
5.2.6 Y-o-Y Growth Analysis, By Technology
5.2.7 Market Attractiveness Analysis, By Technology
5.2.7 Market Share Analysis, By Technology
5.3 End User
5.3.1 Introduction
5.3.2 Pharmaceutical & Biopharmaceutical
5.3.3 Companies Academic & Research Institutes Food & Beverage
5.3.4 Companies Hospital
5.3.5 Diagnostic Laboratories
5.3.6 Y-o-Y Growth Analysis, By End User
5.3.7 Market Attractiveness Analysis, By End User
5.3.8 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Technology
6.1.3.4 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Technology
6.1.4.4 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Technology
6.1.5.4 By End User
6.2 Brazil
6.3 Mexico
6.4 Argentina
6.5 Rest of Latin America
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Merck Millipore and Pall Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 GE Healthcare
8.3 Sartorius Group
8.4 3M Purification Inc.
8.5 Thermo Fisher Scientific Inc.
8.6 Sigma-Aldrich Corporation
8.7 Cantel Medical Corporation
8.8 Dow Water & Process Solutions
8.9 FilmTec Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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