Medical Filter Market is Forecasted to Reach US$ 2.7 billion in 2030, Says Stratview Research

The global Medical Filter Market is projected to witness a growth rate of 6.1% annually from 2024 to 2030, with an anticipated size of US$ 2.7 billion in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Medical Filter Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 2.7 billion
Growth (CAGR): 6.1% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Medical Filter Market:
The global Medical Filter Market is segmented based on application type, media type, medium type, usage type and region.

Based on Application Type- The medical filter market is segmented into high-value consumables, low-value consumables, medical equipment, and IVD. Low-value consumables are expected to be the dominant application of the market. Low-value consumable filters are used in large quantities across a wide range of medical procedures and treatments, and most of them are single-use due to contamination risks. They are cost-effective and play a critical role in routine medical procedures, and widespread applications across the medical industry. Key low-value consumable filters include IVC filters, dialysis filters, blood transfusion filters, surgical filters, etc.

Based on Media Type- The market is segmented into hydrophobic membranes, hydrophilic membranes, and others. Hydrophobic membrane is expected to remain the dominant and fastest-growing media of the market during the forecast period. Hydrophobic membranes have unique water-repellent properties which makes them ideal for filtering gases only. Its other properties include compatibility with biocompatible materials, durability, and the ability to block moisture drives its usage in a wide range of devices. Key applications of hydrophobic membranes include ventilator systems, CPAP machines, surgical filters, intravenous (IV) filters, and catheter filters, etc. Hydrophilic membranes have a high affinity for water, and it is used for filtering liquid only. PTFE is a majorly used material for manufacturing hydrophobic membranes, whereas PES is majorly used for hydrophilic membranes.

Based on Medium Type- The medical filter market is segmented into gas and liquid mediums. Gas medium is expected to lead the market during the forecast period owing to the requirement of clean, containment-fee air, and gases in various applications. They are widely used in ventilation systems, anesthesia machines, sterile gas filtration in surgical procedures, oxygen therapy devices, etc. Key applications of liquid medium filters are intravenous (IV) therapy, hemodialysis, infusion pumps, and blood transfusion.

Based on Usage Type- The medical filter market is segmented into disposable and reusable usage types. Disposable usage type is expected to hold a prominent position in the market during the forecast period. Disposable filters are widely used in critical care environments, home healthcare, and other important applications owing to their cost-effectiveness, ease of use, compliance with stringent regulations, infection control, and patient safety properties.The development of eco-friendly disposable filters made from biodegradable or recyclable materials is making disposable filters an attractive option in the market.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the dominant and fastest-growing region during the forecast period. This growth outlook is majorly attributed to the following-
• In terms of region, the medical filter market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
• Asia-Pacific is the largest market for medical filters owing to growing healthcare infrastructure; a rapidly growing aging population, which causes a higher rate of chronic diseases; rising medical device manufacturing in China and Japan; higher demand for disposable medical devices after COVID-19; an increase in healthcare expenditure; and technological advancement.
• North America is another major market for medical filters, particularly the USA and Canada, which boast an advanced healthcare infrastructure that requires high demand for medical filters.

Medical Filter Market Drivers:
• Key factors driving the demand for medical filters are an increase in demand for medical devices due to the emergence of the pandemic, the growing incidence of chronic diseases (cardiovascular diseases and chronic kidney disease), advancement in minimally invasive surgical techniques, increasing healthcare infrastructure, and growing emphasis on patient safety.

Top 10 Companies in the Medical Filter Market:
Stratview Research has identified the following companies as the top market players:
• Pall Corporation
• Asahi Kasei Medical Co., Ltd.
• GVS Filter Technology
• Merck Group
• Medtronic
• Medline Industries, Inc.
• ITW Medical

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Medical Filter Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.