Increasing Use Of Medical Membranes Owing To Growing Need For High-Purity Selective Separation In Various End-Use Applications

The market for medical membranes worldwide was estimated to be worth US$ 2 billion in 2020 and is anticipated to reach US$ 3 billion by 2031, growing at a CAGR of 7%. The market for microfiltration membranes is expected to grow at a CAGR of 6% over the next ten years, while sales of ultrafiltration membranes are anticipated to reach US$ 1 Bn by 2031.

Medical membrane technology is essential for many medical applications, including several life-saving therapeutic approaches. Drug delivery, tissue regeneration, artificial organs, and diagnostic tools including medical device coatings and bio-separations are some of its main medical applications.

Some of the other uses of membrane technologies, like separation and purification, are in great demand in the pharmaceutical industry. Medical membranes' high-precision separation capabilities aid in the processing of very pure goods.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=6661?PS

As the world's population ages, the pharmaceutical, healthcare, and biotechnology sectors are expanding rapidly in developing nations. Furthermore, during the forecast period, the growth of the healthcare sector in emerging economies is anticipated to offer profitable prospects for corporate expansion.

Medical membrane technology is essential for a number of life-saving procedures as well as other medical applications. Among its most important medical applications are drug administration, tissue regeneration, artificial organs, and diagnostic tools like medical device coatings and bio-separations.

The FDA's complex standards present producers with a number of regulatory obstacles despite the huge demand for medical items and devices.The lifespan of a particular type of membrane used in a separation process for medical application is constrained and, therefore, needs replacement after a certain period of time.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:

• Europe accounts for 35% of the market share for medical membranes

• The medical membranes market in the U.S. is estimated to reach a valuation of US$ 735 Mn in the year 2021.

• China, the world's second-largest economy, is forecast to reach an estimated market valuation of US$ 350 Mn in the year 2031, trailing a market size at a CAGR of 9% through the analysis period.

• Japan and Canada, each forecast to expand market size at CAGRs of 4% and 6%, respectively, over the next ten years.

• By process technology, demand for nanofiltration medical membranes is expected to reach a valuation of US$ 730 Mn by 2031.

• By application, pharmaceutical filtration has garnered the largest share of around 30%, in terms of revenue.

𝗚𝗿𝗼𝘄𝘁𝗵 𝗗𝗿𝗶𝘃𝗲𝗿𝘀:

• Increase in prevalence of diseases globally, developments in biotechnology, life science, and healthcare industries, the surge in demand for high-purity products, and increase in medical membrane consumption in the medical industry are some of the key driving forces of the global industry for medical membranes.
• Inflated demand for medical products and devices, manufacturers are facing several regulatory barriers due to multi-layered regulations set by the FDA.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=6661?PS

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

The competitive landscape of the Medical Membranes Market focuses on benefiting from the rise in the need for high purity products for meeting the needs of biotechnological
advancements, increase in disease prevalence, and growth of the healthcare and life science industry.
• In 2017, 3M Company (US) made an investment of US$ 40 Mn to expand its dialysis membrane production facility. This expansion will help company to increase its customer base and strengthen its foothold in the market.

• In August 2017, Merck Millipore (US) acquired Natrix Separation (Canada), which is hydrogel membrane provider. This acquisition will help Merck Millipore (US) in increasing its product portfolio, customer base, and strengthen its foothold in North America.

• In December 2017, Asahi Kasei Medical announced the construction of a new plant for the spinning of cellulose hollow fiber membranes for its virus removal filters called Planova.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗯𝘆 𝗙𝗮𝗰𝘁.𝗠𝗥

• Koninklijke Philips N.V
• Inogen
• BOC Healthcare
• Precision Medical
• Luxfer Group
• Cryofab
• Responsive Respiratory
• Atlas Copco

𝗠𝗼𝗿𝗲 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗠𝗲𝗺𝗯𝗿𝗮𝗻𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁:

Fact.MR, in its report, offers a market analysis of the global Medical Membranes Market the forecast period through 2021 and beyond. This survey reveals the growth of health area in the Medical Membranes Market with detailed segmentation as follows

By Material

• Polysulfone PSU & Polyethersulfone PESU
• Hydrophilic polyvinylidene fluoride PVDF
• Polytetrafluoroethylene PTFE
• Polypropylene PP
• Polyethylene

By Process Technology

• Ultrafiltration
• Microfiltration
• Nanofiltration
• Reverse Osmosis
• Dialysis
• Gas Filtration

By Application

• Medical Membranes Used in Pharmaceutical Filtration
• Medical Membranes Used in Haemodialysis
• Medical Membranes Used in Drug Delivery
• Medical Membranes Used in IV Infusion & Sterile Filtration
• Medical Membranes Used in Bio-artificial Processes

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:
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𝗞𝗲𝘆 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗠𝗲𝗺𝗯𝗿𝗮𝗻𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁

• What is the global market worth of medical membranes?
• What are the factors boosting demand for medical membranes?
• Which are the top companies providing medical membranes?
• Which region will largely contribute to revenue growth of medical membranes?
• Which application is expected to increase demand for medical membranes over the assessment period?

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This release was published on openPR.