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Pharmaceutical Membrane Technology Market 2023 by Key Players Danaher Corporation, 3M, Graver Technologies, LLC
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Based on product, the pharmaceutical membrane technology market is sub-segmented into coated cellulose acetate, nylon, mixed cellulose ester (MCE) membrane filters, polytetrafluoroethylene (PTFE) membrane, polyvinylidene fluoride (PVDF) membrane, and other membrane filters. Of these, MCE membrane filters hold the largest share in the global market, as they are biologically inert and most commonly used in analytical and research applications.
North America is expected to be the largest contributor in the global pharmaceutical membrane technology industry in the coming years, owing to the presence of large number of pharmaceutical companies, increasing prevalence of chronic diseases, and rising spending on R&D activities in the region.
Europe is expected to hold the second-largest share in the pharmaceutical membrane technology market. Increasing pharmaceutical production, presence of large number of pharmaceutical companies, and rising government support in the form of funds and grants are the major factors driving the growth of the market. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the pharmaceutical industry invested $41.8 billion on the R&D annually, which in turn would boost the demand for pharmaceutical membrane technologies and products in the region.
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However, the market in Asia-Pacific is expected to witness the highest growth in demand for these membranes during the forecast period. This is mainly due to the rapid economic growth, growing pharmaceutical industry, presence of large number of small and medium-sized pharmaceutical companies, and increasing government initiatives in the pharmaceutical R&D activities.
Growing pharmaceutical industry, rising pharmaceutical production, increasing R&D investments, and growing demand of generic drugs are some of the major factors driving the growth of the global pharmaceutical membrane technology market.
Globally, increasing prevalence of chronic and infectious diseases is fostering the growth of the pharmaceutical industry by spurring the demand of pharmaceutical products, which further plays a substantial role in the growth of pharmaceutical membrane technology industry. According to the report “The Pharmaceutical Industry and Global Health, Facts and Figures 2017”, published by the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), the global pharmaceutical industry was valued at $997 billion in 2014.
Browse report at: https://www.psmarketresearch.com/market-analysis/pharmaceutical-membrane-technology-market
Some of the key players operating in the pharmaceutical membrane technology market include Merck KGaA, Sartorius AG, General Electric Company, 3M Company, Danaher Corporation, Lenntech BV, Koch Membrane Systems Inc., and Graver technologies LLC.
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