Membrane Technology Market 2022
Technologies are driving the healthcare vertical through numerous innovations in the way diseases are diagnosed, prevented, and cured. With AI-driven technologies witnessing excessive incorporation in healthcare workflows, quality medical services are expected to get unleashed in higher proportion in the years to come. AI-based innovations help to foster mental health as well. Diagnostics are also expected to get better going with healthcare technology in the forecast period. This would be the way of operation of healthcare technology going forward.
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 2019” the global membrane technology market for pharmaceutical, biopharma and life sciences is estimated at USD 7,029.9 million in 2014 and is expected to grow at a CAGR of 9.1% from 2014 to 2019, to reach an estimated value of USD 10,886.0 million in 2022.
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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.
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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GE Healthcare Life Sciences and 3M are some of the leading players in the global membrane technology market in pharmaceutical, biopharma and life sciences. Other major players of the membrane technology market include Pall Corporation, Sartorius, Merck Millipore, Koch Membrane Systems Inc., Novasep, TriSep Corporation, Amazon Filters Ltd. and Advantec MFS.
Membrane Technology Market in Pharmaceutical, Biopharma and Life Sciences, By Technology
- Ultrafiltration
- Microfiltration
- Nanofiltration
- Chromatography
The Membrane Technology market is segmented as follows:
Delivery Mode
- Cloud based Membrane Technology
- Web based Membrane Technology
- On-premise Membrane Technology
Type
- Enterprise based Membrane Technology
- Site based Membrane Technology
End user
- Pharmaceuticals
- Clinical Research Organizations
- Healthcare providers
Component
- Software
- Hardware
- Services
Membrane Technology Market, by Geography
North America
- S.
- Canada
Europe
- Germany
- France
- K.
- Belgium
- Spain
- Italy
- Sweden
Asia Pacific
- China
- Australia
- Japan
- India
Rest of the World (Row)
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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