Medical Membranes Market Worth 7.4 Billion USD by 2020
PUNE, India, January 26, 2016 /PRNewswire/ --
The report "Medical Membranes Market Chemistry (PTFE, PVDF, PE, Modified Acrylics and Others), by Technology (Ultrafiltration, Microfiltration, Reverse Osmosis, Dialysis, Gas Separation, Others), by Application (Hemodialysis, Drug delivery, IV Infusion Filters & Sterile Filtration, Others), and Geography - Trends & Forecast to 2020", published by MarketsandMarkets. The global market is projected to be worth USD 7.4 Billion by 2020, registering a CAGR of 9.9% between 2015 and 2020.
Browse 77 market Tables and 49 Figures spread through 128 Pages and in-depth TOC on "Medical Membranes Market"
http://www.marketsandmarkets.com/Market-Reports/medical-membrane-advanced-technologies-and-global-market-86.html
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Growth in biopharmaceuticals and new therapeutics markets is leading the growth of this market in North America and Europe
Membranes are used in the medical industry to meet the increased demand of high purity components. Membranes offer high selectivity and permeability, thus providing additional advantage. The drivers of the medical membranes market in North America and Europe are the rising cost of product development and manufacturing, pharmaceutical price control and competition with generics, more severe clinical trial hurdles, and more stringent environmental regulations.
Germany is the largest market for medical membranes in Europe that is projected to register significant growth between 2015 and 2020. The U.S. is the largest market for medical membranes in North America and it is projected to witness a high growth between 2015 and 2020.
Asia-Pacific countries such as China and India are projected to account for the highest share in the medical membranes market, in terms of value, by 2020
Asia-Pacific is projected to register high growth rate in the medical membranes market in the next five years mainly due to the growing medical market and increasing regulations in the region. Medical membranes are widely used in hemodialysis application. In Asia-Pacific, India and China are two countries with the highest prevalence of diabetes. Higher prevalence of diabetes leads to high incidences of kidney failures; thus, leading to higher demand for hemodialysis in the region. This along with more companies adopting good manufacturing practices for manufacturing pharmaceuticals is driving the demand of medical membranes in the region.
The growth in the healthcare market is majorly driving the Medical Membranes Market in India.
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Increasing incidents of diabetes and end-stage renal disease (ESRD) in developing regions such as Asia-Pacific and RoW
The incidents of diabetes and end-stage renal disease (ESRD) are increasing due to the rise in the aging population and the increase in the number of obese people. With this rise, the healthcare, pharmaceutical, and biotechnology industries are also witnessing significant growth in countries such as India and China. India has the world's largest number of diabetic population and China has the world's second-largest number of diabetic population. The medical membranes market is projected to register high growth in the Middle East & Africa and Latin America in the next five years due to increased rates of diabetes and advancement of the healthcare market.
The major players such as Asahi Kasei Co. (Japan), Hyflux Ltd. (Singapore), Koch Membranes System (U.S.), Merck Millipore (Canada), Pall Corporation (U.S.), 3M Company (U.S.), and others have adopted development strategies such as acquisitions and product developments to achieve growth in the global medical membranes market.
This report covers the market, by value, for medical membranes and forecasts the market size till 2020. The report includes the market segmentation by chemistry, by applications, by technology, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global medical membranes market.
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