Track Etched Membrane Market Size, Shar, By Product (Membrane Filters, Capsule & Cartridge Filters, and Other Track Etched Membrane Products), By Material (Polycarbonate, Polyethylene Terephthalate, and Polyimide), By Application (Cell Biology, Microbiology, Analytical Testing, and Other Applications), By End-user (Pharmaceutical and Biopharmaceutical Companies, Academic and Research Institutes, Food and Beverage Companies, and Hospital and Diagnostic Centers), and By Region - Trends, Analysis, and Forecast till 2029

Track Etched Membrane Market accounted for USD 526.7 Million in 2019 and is estimated to be USD 1489.1 Million by 2029 and is anticipated to register a CAGR of 11.1%.

The track-etched membrane is a thin crystalline layer, metal films or foils, usual polymer with a thickness of 5 to 25 microns. The well-defined pore stricture of the track-etched membrane is formed by irradiation of initial non-porous materials with high-energy particles. The major properties of track-etched membranes are distinct cylindrical geometry of pores, low protein binding, and smooth particle collection surface for observation under microscopes. The track membrane is applicable in medicine. For example, in the drug purification and viral suspensions (vaccines), in obtaining blood plasma, and in bacteriological quality control of food and water. In addition, they are also applicable for cleaning air and liquids. For example, in the drinking water purification systems, in creating clean rooms, as well as in systems of analytical control of substances. 

COVID-19 Impact on the Market:

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the production segment. Government across the countries has imposed strict lockdown to limit the spread of disease. However, increasing investments by prominent players and other industries has created growth opportunities, during this chaotic situation, to fulfill the demand of suppliers. This report will quantify the impact of this pandemic on the track etched membrane market.

Factors such as an increase in research, an increase in demand for therapeutics, and technological advancements are the major drivers for the track-etched membrane market. In addition, mergers and acquisitions, rise in collaboration between private and public organizations, and an increase in the adoption of track-etched membranes in the food industry are other factors boosting the growth of the target market.

Conversely, stringent manufacturing regulations, high cost associated with the large-scale separation processes, competition from low-cost depth filters, poor resistance to organic solvents, and limited stability at high temperatures are the major restraining factors of the track-etched membrane market.

The track etched membrane market is segmented based on the product, material, application, end-user, and region.

Depending upon the product, the global business is categorized into membrane filters, capsule & cartridge filters, and other track etched membrane products. In terms of material, the worldwide industry is categorized into polycarbonate, polyethylene terephthalate, and polyimide. Based on the application, the target market is segmented into cell biology, microbiology, analytical testing, and other applications. Based on the end-user, the target market is segmented into pharmaceutical and biopharmaceutical companies, academic and research institutes, food and beverage companies, and hospital and diagnostic centers.

Regional Insights:

Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for the highest share of the overall track-etched membrane market in the upcoming years, followed by Europe. This is mainly because of the presence of major manufactures in the regions. In addition, a rise in the number of research centers, growth in mergers and acquisition among analytical instrumentation companies, and an increase in applications of track-etched membranes in the food industry for improving quality are influencing the growth of the market in these regions. On the other hand, Asia Pacific is projected to grow at a higher rate over the forecast period. The rapid expansion of the biopharmaceutical industry, different strategies of prominent players with regional manufacturers and distributors to strengthen their geographical footprint are promoting the growth of the market in the Asia Pacific.  Latin America and the Middle East & Africa track- etched membrane market is anticipated to grow owing to growth in health care expenditure and expansion in the health care industry during the forecast period.

Track Etched Membrane Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the track etched membrane market report based on product, material, application, end-user, and region.

Track Etched Membrane Market, By Product:

• Membrane Filters
• Capsule & Cartridge Filters
• Other Track Etched Membrane Products

Track Etched Membrane Market, By Material:

• Polycarbonate
• Polyethylene Terephthalate
• Polyimide

Track Etched Membrane Market, By Application:

• Cell Biology
• Microbiology
• Analytical Testing
• Other Applications

Track Etched Membrane Market, By End-user:

• Pharmaceutical and Biopharmaceutical Companies
• Academic and Research Institutes
• Food and Beverage Companies
• Hospital and Diagnostic Centers

Track Etched Membrane Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the track etched membrane market include GE Healthcare, Danaher, Merck, Corning, it4ip SA, BRAND GMBH, Sterlitech, Oxyphen AG, Sarstedt, Sartorius, and SABEU. Companies involved in the track etched membrane market adopt various strategies such as mergers and acquisitions to expand its geographical presence. For instance, in February 2019, Danaher Corporation announced that it has entered into a definitive agreement with General Electric Company to acquire the Biopharma business of GE Life Sciences. GE Biopharma is a leading provider of instruments, consumables, and software that supports the research, discovery, process development, and manufacturing workflows of biopharmaceutical drugs.

• GE Healthcare
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies

• Danaher
• Merck
• Corning
• it4ip SA
• BRAND GMBH
• Sterlitech
• Oxyphen AG
• Sarstedt
• Sartorius
• SABEU

 “*” marked represents similar segmentation in other categories in the respective section.