Global Medical Membranes Market – Top Manufacturers, Region, Growth Drivers and Global Forecast to 2029

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Published Date: October 2020

The global medical membranes market accounted for US$ 7.2 billion in 2019 and is estimated to be US$ 16.8 billion by 2029 and is anticipated to register a CAGR of 9.0%.

The report "Global Medical Membranes Market, By Basis of Material (PSU & PESU, PVDF, PTFE, PP, Polyethylene, Modified Acrylics, and Others), By Technology (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis, Dialysis, Gas Filtration, and Others), By Application (Pharmaceutical Filtration, Hemodialysis, Drug Delivery, IV Infusion & Sterile Filtration, Bio-Artificial Processes, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In August 2020, Pall Corporation, a global leader in filtration, separation and purification, was selected by the United States Department of Defense (DoD) to receive a $4.9M contract to build a new breathing filter manufacturing line within an existing U.S.-based Pall manufacturing facility to increase ventilator filter production. When the new line opens in the fall 2021, Pall’s ventilator filter production capacity will increase from 485,000 units per month to 650,000 units per month – allowing Pall to help meet the growing demand in the U.S. for ventilator filters driven by COVID-19.
In April 2019, 3M announced that it has added 3M Extended Wear Medical Transfer Adhesive, 4075 to its lineup of advanced adhesives for medical devices. Designed to laminate many substrates, 3M medical transfer adhesive, 4075 features an extended wear pressure sensitive transfer adhesive and allows design engineers to use a variety of backings. 3M medical transfer adhesive, 4075 offers excellent initial skin adhesion with up to a 14-day wear time, depending on the backing material used.

Analyst View:

Increasing demand for artificial organs

The number of patient demanding organ transplant is continuously increasing compared to the number of donors donating organs. The demand and supply gap of organ transplant is increasing rapidly. According to US Department of organ donation and transplantation, more than 116,000 patients are on the waiting list as of August 2017, out of which approximately 30% are actually getting transplant performed. Though about 95% of US adults support organ donation, only 54% actually donates. According to the Centers for Disease Control and Prevention, in 2016, one in 10 American, that is more than 26 million people in the US have some level of chronic kidney disease. More than 2 million people are being kept alive by renal replacement therapy worldwide.

Growing demand for medical membranes in emerging economies

The need for ultra-pure water for pharmaceutical manufacturing and hemodialysis is driving the demand for medical membranes in emerging regions. Emerging markets such as China, India, Brazil, and other developing countries present significant opportunities for players involved in pharmaceutical production and in the dialysis treatment sector. The demand for dialysis products and services in these countries is increasing due to rising incidence of ESRD.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Medical Membranes Market”, By Basis of Material (PSU & PESU, PVDF, PTFE, PP, Polyethylene, Modified Acrylics, and Others), By Technology (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis, Dialysis, Gas Filtration, and Others), By Application (Pharmaceutical Filtration, Hemodialysis, Drug Delivery, IV Infusion & Sterile Filtration, Bio-Artificial Processes, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global medical membranes market accounted for US$ 7.2 billion in 2019 and is estimated to be US$ 16.8 billion by 2029 and is anticipated to register a CAGR of 9.0%. The market report has been segmented on the basis of basis of material, technology, application, and region.

By basis of material, the Polysulfone (PSU) & Polyether Sulfone (PESU) segment generated the highest revenue of USD 0.68 Billion in 2018 with a growth rate of 7.6% during the forecast period. The high demand for PSU & PESU is due to the excellent properties offered by these materials and its increasing demand in pharmaceutical filtration and hemodialysis application.
By technology, the Nanofiltration (NF) segment is projected to witness the fastest growth rate of 8.9% during the forecast period, which is expected to occupy 19.0% of the market by 2026. Various potential medical and biological applications of this type of filtration that includes isolating, sensing, sorting & releasing biological molecules and increasing awareness about its applicability contributes to its growth rate.
By application, the pharmaceutical filtration segment occupies the largest market share of 38.0% in 2018, with the third-highest growth rate of 7.5% during the forecast period. Pharmaceutical filtration is dominating the segment owing to increasing incidences of diseases, advancement in medicines, growing pharmaceutical and healthcare industry, demand for high purity products and medicines.
By region, 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.

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Competitive Landscape:

The prominent player operating in the global medical membranes market includes Pall Corporation, Asahi Kasei, 3M, Koch Membrane Systems, Merck Millipore, GE Healthcare, Sartorius AG, Hangzhou Cobetter Filtration Equipment, Microdyn-Nadir, and W. L. Gore & Associates.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period