Press Releases
U.S. HEPA (High Efficiency Particulate Air) Vacuum Filters Market - Current and Projected Industry S

, 21 January 2019 -- U.S. HEPA (High Efficiency Particulate Air) Vacuum Filters Market - Current and Projected Industry Size in Terms of Volume and Value

According to Transparency Market Research, the U.S. HEPA (high-efficiency particulate air) vacuum filters market has a considerably consolidated landscape. 3M, Filtrauto S.A., and Pall Corporation were the major market leaders in 2010 and accounted for close to 70% of the market. The consolidated nature of the market has resulted in a limited scope for price differentiation, leading to product innovation emerging as the major factor influencing the future of the U.S. HEPA vacuum filters market.

However, the cost-intensive nature of the HEPA vacuum filters industry means the established industry giants are likely to retain their dominance in the U.S. market through the forecast period.

High Prevalence of Asthma, Allergies Drives U.S. HEPA Vacuum Filters Market

The prime driver for the U.S. HEPA vacuum filters market is the increasing incidence of asthma and allergies from common contaminants such as dust and pollen. Around 1 in 5 Americans, totaling close to 60 million people, suffer from asthma or allergies of some kind. The high efficacy of HEPA vacuum filters means they can remove even small allergens such as pollen, leading to their increasing demand. The number of people in the U.S. suffering from asthma and allergies is expected to rise to around 100 million by 2025, leading to an increase in the importance of this factor to the U.S. HEPA vacuum filters market.

The increasing public awareness about the risk of infectious diseases – helped in no small part by government initiatives – has also driven the demand for the advanced and effective HEPA vacuum filters. Airborne diseases are a major threat in the U.S., thanks to the increasing amount of air pollution, and individual end users as well as hospitals have started adopting HEPA vacuum filter systems in order to reduce the incidence of airborne diseases.

Get Brochure For More Industry Insights@

High Costs of HEPA Vacuum Filter Technology a Major Restraint on U.S. Market

In spite of the proven benefits of HEPA vacuum filters over conventional air filter technology, the high costs of the former are a major hurdle for the U.S. HEPA vacuum filters market. Due to the high technological sophistication of HEPA vacuum filters, manufacturers haven’t yet been able to achieve a viable cost-price balance. As demand from the healthcare sector grows, manufacturers in the U.S. market will find it easier to sell HEPA vacuum filters at lower prices.

However, due to product innovation being the major differentiator in the consolidated U.S. HEPA vacuum filters market, manufacturers will also need to keep adding functionalities to their products, forcing them to retain high costs. This will be a crucial issue in the U.S. HEPA vacuum filters market in the coming years, with manufacturers being forced to balance the increasing demand for functionalities such as removal of organic volatile compounds with the need to drop prices to increase their sales volume.

U.S. HEPA Vacuum Filters Market to be Valued at US$621.3 mn by 2018

The U.S. HEPA vacuum filters market was valued at US$484 mn in 2013. Exhibiting a steady 5.10% CAGR from 2013 to 2018, the market’s valuation is expected to rise to US$621.3 mn.

# # #

Submitted by K Singha on Monday, 21 January 2019 at 7:26 PM
Category: Science & Research
Related News

aerospace & life sciences, aerospace & life sciences TIC market report,aerospace & life sciences TIC
Tuesday, 25 Jun 2019

MRI Compatible Patient Monitoring System Market Supply Chain Trends Mapping the Latest Technological
Wednesday, 19 Jun 2019

Geopolymer Market Share, Size, Growth, Demand and Forecast Till 2024
Tuesday, 18 Jun 2019

Global Liquid Biopsy Market Outlook Report 2019-2023
Saturday, 15 Jun 2019

Ferrite Magnet Market Trends, Scope, Demand, Opportunity and Forecast by 2024
Friday, 14 Jun 2019

Related Events

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

Tips to Integrating a Bubble Gum Machine Into Your Retailer
Tuesday, 25 Jun 2019

Apartments in Bangkok
Tuesday, 25 Jun 2019

TogetherShare Introduces New Technology for iPhone Data Recovery
Tuesday, 25 Jun 2019 – Offering the Advanced Open Water Diver Course
Tuesday, 25 Jun 2019

RAPIDTOOL Offers Portable Rebar Benders to Increase the Efficiency in Rebar Handling Operations
Tuesday, 25 Jun 2019

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Tuesday, 25 June 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • International Metropolis Conference: Promise of Migration, Ottawa 2019
  • 18th Meeting of WSSFN, New York, June 24-27, 2019
  • GIIDS - GI Inflammatory Diseases Summit
  • 3rd CRISPR & NBT AgBio Congress 2019
  • Digital Pharma West

  • Latest Jobs
    Sorry, there are currently no entries posted here.