The laboratory filtration market is consolidated at the top, wherein the top 10 players accounted for nearly 80% of the market share in 2013. Majority of the leading players in the market are based in the developed countries across North America and Europe.
In this market, Pall Corporation (U.S.) and Merck Millipore (U.S.) are the leading players with collective market share of around 35-40% in 2013. Pall Corporation has a diversified product portfolio, which includes a wide range of filtration products including filter capsules, membrane filters, filter funnels, filter holders, syringe filters, and laboratory water purification systems. Its leading position in 2013 in the market is attributed to its a strong geographical presence, broad product portfolio, core technological expertise in filtration technology, the various development strategies adopted like new product launches, acquisitions, and expansions. Merck Millipore has a strong brand equity and laboratory filtration product portfolio with geographical presence in over 67 countries. The company’s leading position in laboratory filtration market is mainly attributed to its strong R&D structure, high brand awareness among life sciences customers, and new product launch strategy.
The key strategies adopted by players in the global laboratory filtration market are new product launches, acquisitions, agreements and collaborations, and expansions. Apart from Pall Corporation (U.S.) and Merck Millipore (U.S.), some other leading players in this market are GE Healthcare (U.S.), Sartorius Group (Germany), 3M Purification Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Cantel Medical Corp. (U.S.), and Sigma Aldrich Corporation (U.S.).
In order to maintain their leadership position, many players in this market adopted the strategy of agreements, partnerships and collaboration. Some of the major players aspire either to expand their product portfolio or to increase their geographic presence. While organic expansion has been followed by some companies, majority of the top players have adopted mergers and acquisitions as their key growth strategy.