PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1669766
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1669766
The hospital filtration market size is projected to grow from USD 2.10 billion in 2024 to USD 3.19 billion by 2030, registering a CAGR of 7.2%. The rise in infections, stringent medical regulations, increased immunocompromised patients and advancements in filtration technology are driving the market for hospital filtration. Also, the huge investment in healthcare, government funding & regulations, and public awareness are propelling the demand. Hospital filtration products play a critical role by ensuring clean & safe environment for patients as well as doctors.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Million), Volume (Units) |
Segments | Type, Process Type, Application, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Point of use filters (POU)to be the fastest growing segment for forecasted period in terms of value."
POU filters are generally used to remove impurities from air and water at the point that it is being used. These filters are installed directly where water and air are being accessed. It works by capturing contaminants as the fluid passes through the filter. This system ensures high level of purification now of use, mainly for very critical applications such as patent care equipment, dialysis machines, surgical procedures and others. It is a very cost-effective system as compared to centralized filtration systems. Its affordability and easy installation make them attractive for healthcare facilities.
"RO System by process type, is projected to be the fastest growing in terms of value."
Reverse osmosis systems are highly efficient in water usage, and produce a high amount of purified water while minimizing waste, which is very crucial in areas facing water scarcity or in industries where water cost is a concern. The high efficiency can lead to high-cost savings over time, both in terms of reduced water intake and lower wastewater treatment expenses. This system contributes positively to environmental sustainability efforts by reducing the volume of wastewater discharged into ecosystems. Due to all these factors, it is very preferred in most of the end-use industries , which drives the demand.
"Europe is estimated to be the second largest in terms of value for the forecasted period."
Europe is the second-largest market for hospital filtration in terms of value due to its well-established healthcare infrastructure, stringent regulatory requirements, and strong focus on infection control. The region's aging population and increasing prevalence of chronic diseases drive the demand for advanced medical care, including the use of high-quality filtration systems to ensure clean and sterile environments. European countries also prioritize sustainability and energy efficiency, leading to the adoption of innovative filtration technologies that align with environmental goals. Furthermore, government initiatives and investments in healthcare advancements, combined with a high awareness of patient safety and healthcare-associated infection (HAI) prevention, contribute to the significant market value in the region.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the hospital filtration market, and information was gathered from secondary research to determine and verify the market size of several segments.
The hospital filtration market comprises major players such as Danaher (US), Veolia (France), Pentair (US), Merck KgaA (Germany), Daikin Industries (Japan), Camfil (Sweden), Freudenberg Technologies (Germany), Solventum (US), Sartorius AG (Germany), and Parker Hannifin Corp. (US). The study includes in-depth competitive analysis of these key players in the hospital filtration market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This report segments the market for hospital filtration market based on type, process type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for hospital filtration market.
Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the hospital filtration market; high-growth regions; and market drivers, restraints, opportunities, and challenges.