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Membrane Technology Market Is To Be Driven By Healthcare Personnel Being Assisted By AR At A CAGR Of 9.1%

The global Membrane Technology Market is likely to jump the innovation gun by the year 2031. The CAGR would be 9.1%. With mental health being the prerogative, there is telepsychiatry in place. It has been a proven fact that physical ailments would get cured speedily if the psyche is in place. With geographical barriers getting transcended, telephychiatry would be an indispensable part of the healthcare vertical. This would be the fact pertaining to healthcare vertical in future.

According to a new market report published by Persistence Market Research “Global Market Study on Membrane Technology in Pharmaceutical, Biopharma and Life Sciences: North America to Witness Highest Growth by 2027” the global membrane technology market for pharmaceutical, biopharma and life sciences is estimated at USD 7,029.9 million in 2022 and is expected to grow at a CAGR of 9.1% from 2022 to 2019, to reach an estimated value of USD 10,886.0 million in 2027.

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The membrane technology market in pharmaceutical, biopharma and life sciences is growing due to increased research and development and production in pharmaceutical, biopharmaceutical and life sciences industries. Moreover, stringent regulations and usage of single-use disposable technique are also playing a major role in growth of the membrane technology market.

Presence of various filtration techniques such as ultrafiltration, nanofiltration and microfiltration under membrane technology has increased its acceptance in pharmaceutical, biopharmaceutical and life science industries for separation and purification of components and biomolecules, over conventional techniques.

Company Profiles:

  • Pall Corporation.
  • Sartorius.
  • 3M.
  • Merck Millipore.
  • GE Healthcare Life Sciences.
  • Koch Membrane Systems Inc.
  • Novasep.
  • TriSep Corporation.
  • Amazon Filters Ltd.
  • Advantec MFS.

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However, the market faces some restraints such as effects of membrane fouling, high operational and investment cost and limitation of membrane materials. As a result, the market is expected to grow at a CAGR of about 9.1% during 2014-2019.

North America is the largest market for membrane technology in pharmaceutical, biopharmaceutical and life sciences industries. The U.S. is the world’s largest market for pharmaceutical and biopharmaceutical products. According to the European Federation of Pharmaceutical Industries and Associations, North America accounted for about 41% of global pharmaceutical sales in 2012.

Similarly, in Europe, membrane technology is a rapidly growing sector with many associations, organizations and societies actively involved in expansion and implementation of this technology in various industries including pharmaceutical, biopharmaceutical and life sciences.

However, Asia is the fastest growing region in the membrane technology market due to continuous development in pharmaceutical and biopharmaceutical industries.

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The global market of membrane technology in pharmaceutical, biopharma and life sciences is segmented as follows:

Membrane Technology Market in Pharmaceutical, Biopharma and Life Sciences, By Technology

  • Ultrafiltration
  • Microfiltration
  • Nanofiltration
  • Chromatography

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