(EMAILWIRE.COM, February 20, 2018 ) Latin America Laboratory Filtration market is anticipated to grow at a 7.43% CAGR from 2016 to 2021 and it is estimated that the Latin-America market 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 market growth. The market 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 market.

The Latin-America market for Laboratory Filtration market is segmented into Technology and Product. On the basis of product, it is segmented into Ultrafiltration, Microfiltration, Nanofiltration and Reverse Osmosis. The membrane filters account for the largest market share in this segment of filtration media market, followed by filter papers and filtration microplate. The capsule filters segment, on the other hand, is projected to witness the highest growth in the coming years.

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On the basis of Technology, it is segmented into Assembly, Filter Paper, Membrane, Syringe Filters, Filtration Microplate and Accessories. Reverse osmosis, ultrafiltration, vacuum filtration, nanofiltration, and microfiltration are the key technologies of the laboratory filtration market. The microfiltration segment dominated this sector. Ultrafiltration is one of the fastest growing technologies and is anticipated to witness a significant CAGR over the forecast period. On the basis of End User, it is segmented into pharmaceutical & Biopharmaceutical, Companies Academic & Research Institutes Food & Beverage, Companies Hospital and Diagnostic Laboratories. The pharmaceutical and biopharmaceutical companies dominate the end users market with the highest growth rate.

On the basis of geography, the market is analyzed under various regions namely Argentina, Brazil and Mexico. Poor economies and strict government policies are going to impact the market growth negatively. However, heavy investment by private players in the untapped market are going to boost the market growth.

The major players in the laboratory filtration market 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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