Nearly One-third of Medical Membranes Sold Concentrates in Pharmaceutical Filtration Applications

2021-08-11

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At US$ 3 Bn by 2031, Medical Membranes Market Worth Will Increase by a Billion Dollar The study of the medical membranes testing market examines key factors affecting the growth trajectory of the market through 2031. The survey report discloses insights into the medical membrane demand outlook in terms of material, process technology, and application. As per Fact.MR, ongoing developments in the biotechnology and life science is driving the market Fact.MR – A Market Research and Competitive Intelligence Provider: As per a survey conducted by Fact.MR, the global medical membranes market totaled US$ 2 billion in 2020. Owing to increasing investment in the end-use industries such as biotechnology, healthcare, and pharmaceuticals, the market for medical membranes is anticipated to surpass a valuation of US$ 3 billion by 2031, surging at a CAGR of 7% over the forecast period 2021 to 2031. Rise in prevalence of chronic illnesses coupled with emergence of novel diseases such as coronavirus, Ebola virus, swine flu, Chikungunya virus, and influenza virus among others is a primal factor, driving the demand. To contain this, governments across various nations are investing in vaccination drives and novel treatment, besides associated research initiatives. Fact.MR sees this as a lucrative opportunity for the market. The rising incidence of various ailments also will cause a substantial rise in the demand for new therapeutics and drugs for the treatment. As medical membrane technology plays a significant role in various medical applications such as bio-separations and purification for drug development, the demand for medical membranes is expected to surge in the coming years. Maximum application will concentrate in pharmaceutical filtration. As a result of the focus on the expansion of pharmaceutical and healthcare industries, the segment is expected to account for nearly 30% of the revenue share by 2021. “Medical institutes and biotechnology firms are investing in research & development activities by to develop new drugs and vaccine amid the outbreak of the novel coronavirus. This will create remunerative opportunities for the market players,” says the Fact.MR analyst. For More Information On How To Improve Your Medical Membranes Market Footprint, Request A Sample Here Key Takeaways from Medical Membranes Market Survey The market for medical membranes in the U.S. is expected to reach a valuation of nearly US$ 735 million by the end of 2021. Owing to high prevalence of chronic diseases and the availability of better diagnostics infrastructure, the Europe market is estimated to account for nearly 35% of the global share. The market in China is anticipated to total US$ 350 million in 2031, expanding at a CAGR of 9% over the forecast period. Japan is projected to exhibit moderate growth, surging at a CAGR of 4% through, favored by the increasing investment in the end-use industries. Based on process technology, nanofiltration is likely to dominate the segment, contributing a valuation of US$ 730 million by 2031 in the market. Key Drivers Increasing prevalence of chronic diseases is a factor driving the growth of the medical membranes market. Rising demand for novel therapeutics drugs to curb the incidence of newly emerged diseases is spurring the demand for medical membranes. Surging application in pre-filtration, sterile filtration, sample preparation and infusion therapy, among other is accelerating the sales of medical membranes. Key Restraints Stringent regulatory validation process for medical membranes is negatively affecting the growth of the market. High maintenance cost for medical membranes is hampering the market growth. Short lifespan of the medical membranes as being used in filtration and purification is a factor affecting the sales. Request Methodology Here To Gain Significant Insights on the Medical Membranes Market Competitive Landscape Leading players operating in the medical membranes market are adopting number of organic and inorganic strategies such as expansion of manufacturing units and strategic merger & acquisition to strengthen their market footprint. For instance, In August 2017, Merck Millipore a company based in the U.S. acquired a hydrogel membrane provider based in Ontario, Canada named, Natrix Separation. The acquisition will assist the company in increasing its product portfolio, strengthening its footprint in North America. In December 2017, Asahi Kasei Medical, a Japanese based company, announced the constructing a new plant for the spinning of cellulose hollow fiber membranes for its virus removing filters called Planova™ BioEX Filters. Some of the prominent players in the medical membranes market profiled by Fact.MR are: 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. More Valuable Insights on Medical Membranes Market Fact.MR, in its new report, offers an unbiased analysis of the global medical membranes market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in the medical membranes market with detailed segmentation: 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 Key Questions Covered in the Medical Membranes Market Report The report offers insight into medical membranes demand outlook for 2021-2031 The market survey also highlights projected sales growth for the medical membranes market between 2021 and 2031 Medical membranes market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry Medical membranes market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others Explore Fact.MR’s Coverage on the Healthcare Domain Diabetes Diagnostics Market - In response to emerging hospitalization during the COVID-19 epidemic, the need for a diabetes diagnosis is predicted to increase. Diabetics with increased risk of becoming seriously ill if infected with the virus are being identified in studies which stimulate the demand for several associated products like diabetes tests. The growing incidence of diabetes is projected to generate demand for improved performance and smarter diabetes diagnostics between 2020 and 2030 according to Fact.MR. Microdermabrasion Devices Market - Increasing the number and awareness of skin diseases and these aesthetic procedures are several remarkable variables which are essential for increasing the growth of the market for global microdermabrasion. Globalization and social media also have a huge influence on demand for microdermabrasion devices. Due to the significant increase in cosmetics operations, North America manages the market share of microdermabrasion devices. 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Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner. Contact: Mahendra Singh US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E: sales@factmr.com Source: Fact.MR

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