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.
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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.
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
- IV Infusion Filters & Sterile Filtration
The medical membrane market is broadly classified into six segments on the basis of technology
- Reverse Osmosis
- Gas Separation
The medical membrane market is broadly classified into five segments on the basis of Chemistry
- Polytetrafluoroethylene (PTFE)
- Polyvinylidene fluoride (PVDF)
- Polyethylene (PE)
- Modified Acrylics
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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.