Medical Membranes Market is Projected to Reach a Valuation of Over US$ 3 Billion by 2031

Fact.MR's analysis of the medical membranes industry reveals that the global market was valued at $2 billion in 2020 and is projected to exceed $3 billion by 2031, expanding at a CAGR of 7%. Sales of ultrafiltration membranes are expected to reach $1 billion by 2031, growing at a CAGR of 7% over the next decade, while sales of microfiltration membranes are anticipated to increase at a 6% CAGR.

Medical membrane technology plays a crucial role in various medical applications, particularly in lifesaving treatment methods. Its major applications include drug delivery, tissue regeneration, artificial organs, and diagnostic devices, such as medical device coatings and bio-separations.

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Key Companies Profiled

Koninklijke Philips N.V
Inogen
BOC Healthcare
Precision Medical
Luxfer Group
Cryofab
Responsive Respiratory
Atlas Copco
GCE group
High Vacuum Maintenance (HVM) S.R.L.

Country-wise Analysis

United States: The medical membranes market in the U.S. is estimated to reach a valuation of $735 million in 2021.
China: The world's second-largest economy is forecasted to reach an estimated market size of $350 million by 2031, trailing a CAGR of 9% through the analysis period.
Japan and Canada: These markets are expected to expand at CAGRs of 4% and 6%, respectively, over the next ten years.
Europe: In Germany, the market is projected to grow at a CAGR of approximately 7%, while the rest of the European market is anticipated to reach $386 million by the end of 2031.
These markets are benefiting from the increasing demand for high-purity products to meet biotechnological advancements, the rising prevalence of diseases, and the growth of the healthcare and life science industries.

Category-wise Analysis

Polysulfone (PSU) and polyether sulfone (PESU) membranes have emerged as the largest segment in the global medical membranes market. Their widespread use for particulate removal during general filtration, coupled with their low protein and drug binding characteristics, makes them ideal for various end-user sectors such as biotechnology, pharmaceuticals, life sciences, and healthcare. This extensive applicability is the primary reason why polysulfone and polyether sulfone membranes significantly contribute to the revenue generated in the global market.

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Competitive Landscape

Key players in the medical membranes market are adopting various organic and inorganic growth strategies to strengthen their foothold. Many companies have expanded their production facilities and acquired other businesses to enhance their market position. Notable developments include:

3M Company (US): In 2017, 3M invested $40 million to expand its dialysis membrane production facility, aiming to increase its customer base and strengthen its market presence.
Merck Millipore (US): In August 2017, Merck Millipore acquired Natrix Separation (Canada), a hydrogel membrane provider. This acquisition expanded Merck Millipore's product portfolio and customer base, bolstering its position in North America.
Asahi Kasei Medical: In December 2017, Asahi Kasei Medical announced the construction of a new plant for the spinning of cellulose hollow fiber membranes for its Planova virus removal filters.
Sartorius: In September 2016, Sartorius launched a PES membrane, integrated into the sterile Sartocon benchtop and production-scale filtration assemblies.

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Key Market Segments Covered in Medical Membranes Industry Research

By Material
Polysulfone PSU & Polyethersulfone PESU
Hydrophilic polyvinylidene fluoride PVDF
Polytetrafluoroethylene PTFE
Polypropylene PP
Polyethylene
Modified Acrylics
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

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