Global Medical Membranes Market is valued to reach USD 3.8 Billion by 2022, growing at CAGR of 8.6% over forecast period 2020-2026. Rising demand for high-purity selective parting, expanding pharmaceutical and healthcare industries, and growing number of end-stage renal disease (ESRD) patients are the factors driving the market growth.
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Market Trends, Drivers, Restraints, and Opportunities:
· Rising demand for medical membranes in developing economies is anticipated to boost market growth.
· Growing demand for artificial organs and the need for high-purity selective separation are factors driving market growth.
· Rising number of ESRD patients and increasing preference for dialysis procedures over renal transplants are expected to propel market growth in the coming years.
· Extended in-process authentication procedure is projected to impede market growth.
· Presently, medical membranes are broadly utilized in the medical area to maintain and produce extreme purity of products.
· Increasing lifespan of membranes and manufacturing superior products at inexpensive price are likely to create growth opportunities.
· The healthcare industry is booming in emerging economies, which is expected to offer several market growth opportunities.
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Scope of the Report:
The report on medical membranes market includes an assessment of the market, size, share, trends, segments and regional markets. Overview and dynamics have been included in the report.
Medical Membranes Market Segment Insights:
Increasing consumption of PSU & PESU and PVDF to fuel the growth of the segment
In terms of materials, the medical membranes market has been divided into polysulfone (PSU) & polyether sulfone (PESU), polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), polypropylene (PP), modified acrylics, polyethylene, and others. The polyvinylidene fluoride segment has been further bifurcated into hydrophobic PVDF membrane and hydrophilic PVDF membrane. Increase in the consumption of PSU & PESU and PVDF is projected to drive the growth of the segments by 2026.
Increasing usage of ultrafiltration technology is projected to propel the segment growth
Based on process technology, the market has been segregated into ultrafiltration (UF), microfiltration (MF), nanofiltration (NF), reverse osmosis (RO), dialysis, gas filtration, and others. Growing usage of ultrafiltration process technology in pharmaceutical filtration is projected to boost the growth of the ultrafiltration segment during the forecast period.
Market in Europe is anticipated to grow substantially in the coming years
On the basis of regions, the global medical membranes market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East &Africa. The market in Europe is estimated to grow significantly during the fore cast period due to growing elderly population and rising end-stage renal disease (ESRD) patient pool. Furthermore, growing occurrence of chronic ailments for instance, hypertension and diabetes in the region is anticipated to boost regional market growth.
Major companies in the global medical membranes market include 3M, Asahi Kasei, Koch Membrane Systems, Merck Millipore, Pall Corporation, and Sartorius. These companies are implementing numerous strategies such as acquisitions, product launches, agreements, collaborations, technological upgrades, mergers, and partnerships to gain maximum market share and sustain the competition in the market.
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Segments Covered in the Report
The global medical membranes market has been segmented based on materials, process technology, applications, and regions.
· Polysulfone (PSU) & Polyether Sulfone (PESU)
· Polyvinylidene Fluoride (PVDF)
· Hydrophobic PVDF Membrane
· Hydrophilic PVDF Membrane
· Polytetrafluoroethylene (PTFE)
· Polypropylene (PP)
· Modified Acrylics
By Process Technology
· Ultrafiltration (UF)
· Microfiltration (MF)
· Nanofiltration (NF)
· Reverse Osmosis (RO)
· Gas Filtration
· Pharmaceutical Filtration
· Drug Delivery
· IV Infusion & Sterile Filtration
· Bio-Artificial Processes
· North America
· Asia Pacific
· Latin America
· Middle East & Africa
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