Press release
Virtual health assistants to keep the hopes high for Membrane Technology Market at a CAGR of 9.1%
According to a new market report published by Persistence Market Research "Global Market Study on Membrane Technology in Pharmaceutical, Biopharma and Life Sciences: North America to Witness Highest Growth by 2019" the global membrane technology market for pharmaceutical, biopharma and life sciences is estimated at USD 7,029.9 million in 2014 and is expected to grow at a CAGR of 9.1% from 2014 to 2019, to reach an estimated value of USD 10,886.0 million in 2019.
The membrane technology market refers to the market for products and services related to the design, development, and manufacturing of membrane-based systems. These systems are used in a wide range of industries, including water treatment, pharmaceuticals, food and beverage, and chemical processing, among others.
The membrane technology market is highly competitive, with a large number of players offering a variety of products and services. Some of the major players in the market include Dow Chemical, Hydranautics, Asahi Kasei, and Toray Industries. These companies have a strong global presence and offer a wide range of membrane-based products and services.
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However, the market faces some restraints such as effects of membrane fouling, high operational and investment cost and limitation of membrane materials. As a result, the market is expected to grow at a CAGR of about 9.1% during 2014-2019.
North America is the largest market for membrane technology in pharmaceutical, biopharmaceutical and life sciences industries. The U.S. is the world's largest market for pharmaceutical and biopharmaceutical products. According to the European Federation of Pharmaceutical Industries and Associations, North America accounted for about 41% of global pharmaceutical sales in 2012.
Similarly, in Europe, membrane technology is a rapidly growing sector with many associations, organizations and societies actively involved in expansion and implementation of this technology in various industries including pharmaceutical, biopharmaceutical and life sciences.
However, Asia is the fastest growing region in the membrane technology market due to continuous development in pharmaceutical and biopharmaceutical industries.
GE Healthcare Life Sciences and 3M are some of the leading players in the global membrane technology market in pharmaceutical, biopharma and life sciences. Other major players of the membrane technology market include Pall Corporation, Sartorius, Merck Millipore, Koch Membrane Systems Inc., Novasep, TriSep Corporation, Amazon Filters Ltd. and Advantec MFS.
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The global market of membrane technology in pharmaceutical, biopharma and life sciences is segmented as follows:
Membrane Technology Market in Pharmaceutical, Biopharma and Life Sciences, By Technology
Ultrafiltration
Microfiltration
Nanofiltration
Chromatography
Membrane Technology Market in Pharamceutical, Biopharma and Life Sciences, by Geography
North America
U.S.
Europe
Switzerland
Germany
Italy
U.K.
Ireland
France
Asia
China
India
Japan
Malaysia
Singapore
Rest of the World (RoW)
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