Medical Membranes Market is projected to reach USD 3.31 Billion by 2022, at a CAGR of 9.2% from 2017 to 2022. The growth of the medical membranes market can be attributed to the increasing demand for high-purity selective separation, expanding healthcare and pharmaceutical industries, and increasing number of End-Stage Renal Disease (ESRD) patients. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022. Medical membranes are increasingly used in the healthcare, pharmaceutical, biotechnology, and life sciences industries. In the medical sector, the choice of membranes depends on various factors that include environments of the proposed application, degree of sterility required, chemical compatibility, biocompatibility, and the degree of hydrophobicity.
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The growth of the pharmaceutical and healthcare industries, especially in emerging economies, is a major factor projected to drive the demand for medical membranes. The increasing demand for high purity products is another factor driving the growth of the medical membranes market. APAC and Latin America provide several opportunities for growth of the medical membranes market.
Major Drivers:
• Increasing Demand for Artificial Organs
• Requirement for High-Purity Selective Separation
• Increasing Number of Esrd Patients
• Preference for Dialysis Procedures Over Renal Transplants
• Growing Healthcare and Pharmaceutical Industry
Key players operating in the medical membranes market include Pall Corporation (US), Merck Millipore (US), 3M (US), Sartorius (Germany), Koch Membrane Systems (US), and Asahi Kasei (Japan).
Europe is the leading market for medical membranes. The growth of the medical membranes market in Europe is driven by the increasing aging population (above 65 years), growing End-Stage Renal Disease (ESRD) patient pool, increasing availability of improved diagnosis facilities, and rising incidences of chronic diseases, such as diabetes and hypertension.
The main objective of the study is to define, describe, and forecast the medical membranes market on the basis of material, process technology, application, and region. The report includes detailed information regarding major factors, such as drivers, opportunities, restraints, and industry-specific challenges, influencing the growth of the medical membranes market. It strategically analyzes market segments with respect to individual growth trends, growth prospects, and contribution to the total market. The report includes an analysis of the medical membranes market by material (PSU & PESU, PVDF, PTFE, PP, modified acrylics, and others), process technology (ultrafiltration, microfiltration, nanofiltration, and others), application (pharmaceutical filtration, hemodialysis, drug delivery, IV infusion & sterile filtration, and others), and region (APAC, Europe, North America, and Rest of the World). The market size of medical membranes has been estimated in terms of value.
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