The medical membrane market is likely to secure a CAGR of 10% during the forecast period. The market is projected to be valued at US$ 3.63 Bn in 2022 and likely to be valued at US$ 9.42 Bn by 2032.
Attributes
Details
Medical Membrane Market CAGR (2021 to 2032)
10%
Medical Membrane Market Value (2021)
US$ 3.63 Billion
Medical Membrane Market Value (2032)
US$ 9.42 Billion
The medical membrane is a crucial technology developed by key manufacturers to be used for several medical applications such as infusion filters, drug delivery systems, artificial organs and sterile filtration. The medical membrane market size is growing due to rising end-use industries' demand during the forecast period. The medical membrane market share is upsurging high by the increasing adoption of medical membrane in the industries such as healthcare, biotechnology, life science, and pharmaceuticals, among others.
The development of membrane technology by healthcare manufacturers is easy to assist the process of high-purity products, which is anticipated to increase the demand for medical membrane during the forecast period. Healthcare manufacturers develop medical membrane which provides several advantages which, includes permeability, hemodialysis and high selectivity. In this, hemodialysis is widely used to remove toxins from the blood and is likely to increase the demand for hemodialysis technology among patients.
In addition, the demand for hemodialysis is rising rapidly due to surging numbers of patients with diabetes and kidney failure during the forecast period. However, medical membrane manufacturers are developing life-saving treatments for patients, such as bio-separations and medical device coating, among others. Moreover, the demand for medical membrane is growing due to finding applications in medical membrane products for bio-artificial pancreas, diagnostic assays, bio-artificial and biosensors.
The growing consumption of medical membrane due to increasing disease among patients are accelerating the medical membrane market size during the forecast period. Several top manufacturing companies all are the globe are upsurging the market growth by growing the medical membrane devices in the healthcare sectors.
The US medical membrane market is one of the leading markets all around the globe due to rising healthcare infrastructure, growing prevalence of diseases such as kidney failure, diabetes and rising demographics during the forecast period. The AXEON water technology in the US is leading the market size by offering high-quality performance, which is anticipated to boost the medical membrane market growth during the forecast period.
The presence of medical membrane manufacturers is focusing on patients' requirements and innovation of several technologies and devices to meet patients' satisfaction in recent years. These prominent players are contributing a key role in raising the medical membrane market opportunities through their innovations and new product launches. Some of the market methodologies adopted by these prominent players are collaborations, mergers, acquisitions, partnerships, agreements, and product launches, among others.
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Medical Membrane Market: Global Industry Analysis and Opportunity Assessment 2015-2025 Overview
Medical membrane market has witnessed unprecedented growth over the last few decades owing to its increased uses in various industries such as pharmaceuticals, biotechnology, healthcare and many more. Currently, Medical membranes are widely used in medical industry to maintain and produce the product with high purity.
Permeability and high selectivity are the dominant advantages offered by the medical membranes.
The growth in pharmaceutical and healthcare industries primarilydue to the prevalence of various diseases like diabetes all over the world are expected to fuel the demand for Global medical membrane market during the forecast period 2015-2025.
Medical membranes are being used in numerous medical applications of which drug delivery system, infusion filters & sterile filtration and hemodialysis are most common applications and are expected to build up a strong potential for this market in next 4-5 years.
Hemodialysis is an effective and advanced application of medical membrane in which toxins are removed from blood to purify it.
Moreover, medical membranes also find its application in diagnostic assays, biosensors, bio-artificial pancreas, bio-artificial liver etc. which in turn has led to the increase in demand for this market.
Medical Membrane Market: Drivers & Restraints
The global medical membrane market is estimated to grow with a substantial CAGR during the forecast period 2015-2025. Globally increasing diseases, advancement in biotechnology, growing life science and healthcare industry, demand for high purity products, growing consumption of medical membrane in medical industry are some major driving forces which are anticipated to drive the global medical membrane market to a great extent.
In Addition, rising incidences of diabetes and kidney failure are forecasted to drive medical membrane market with an effective growth rate in Hemodialysis application. Also, various advantages offered by medical membrane such as filtration process to recover materials like enzymes and concentrated proteins are set to fuel the demand for this market.
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Medical Membrane Market: Regional Outlook
Global medical membrane market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market in global medical membrane market in terms of market revenue followed by Western Europe and Asia pacific region. U.S. and Germany are the prominent markets for medical membrane in North America and Western Europe region respectively.
Asia-Pacific is expected to witness robust growth than other regions. This is mainly attributed to significant growth of membrane market in countries such as India and China.
Prevalence of diseases like diabetes, growing demographics and growth of medical care industry are expected to drive the medical membrane market in these countries.
Medical Membrane Market: Market Players
The key players operating in global medical membrane market are Pall Corporation (USA), Gore (USA), Sorin Group (Italy), Maquet Company (Germany), Nipro Corporation (Japan), Amniox and others
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The report covers exhaustive analysis on
Medical MembraneMarket Segments
Medical MembraneMarket Dynamics
Medical MembraneMarket Size
Supply & Demand
Medical MembraneMarket Current Trends/Issues/Challenges
Medical MembraneMarket Competition & Companies involved
Medical MembraneMarket Technology
Medical MembraneMarket Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Medical Membrane Market: Segmentation
The medical membrane market is broadly classified into five segments on the basis of its applications:
Drug Delivery
Bio-artificial pancreas
Hemodialysis
IV Infusion Filters & Sterile Filtration
Others
The medical membrane market is broadly classified into six segments on the basis of technology:
Microfiltration
Reverse Osmosis
Ultrafiltration
Dialysis
Gas Separation
Others
The medical membrane market is broadly classified into five segments on the basis of Chemistry:
