Microfiltration Membrane Market Size, Opportunities, Key Growth Factors, Revenue Analysis, For 2022–2028

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The global medical membranes market is forecast to reach USD 4.93 Billion by 2028, according to a new report by Reports and Data.

The global Microfiltration Membrane Market  size is expected to reach USD 4.93 Billion by 2028, registering a CAGR of 0.0743 over the forecast period, according to a new report by Reports and Data. Major factors driving Microfiltration Membrane Market revenue growth the rising popularity of dialysis procedures over renal transplants, expansion of healthcare and pharmaceutical industry and the increase in the demand for high-purity selective separation. The primary use of medical membranes is in separation techniques, in which, it is used for separation, concentration, and purification purposes.

Organ failures are becoming more common as people's lifestyles change. As a result, there is a significant need for organ transplants. However, the demand for organ transplants is rapidly outpacing supply. Renal replacement therapy has saved the lives of almost 2 million people around the world and approximately 1.5 million of these 2 million people have needed dialysis. Medical membranes are in high demand due to the increased need of dialysis and this has in turn driven the growth of Microfiltration Membrane Market . Medical membranes are also being driven by the demand for artificial organs that utilize membranes such as pancreases and livers.

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The report further provides a thorough estimation of market share and size in each key geographical region along with key factors such as regulatory framework, investment and funding, technological advancements, import/export, and consumer demand in each region. In addition, the report also present a complete coverage of key companies in each region along with their company profiles, production and manufacturing capacities, product portfolio, and business expansion plans.

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Increasing affordability of drugs and therapeutics, growing awareness regarding advanced surgical and treatment approaches, increasing number of government programs to support healthcare facilities and medical treatments, growing population suffering from chronic and lifestyle induced diseases, and rising level of disposable income to drive market growth over the forecast period. The pharma and healthcare industry has witnessed significant revenue growth with the emergence of COVID-19 pandemic. Increasing regulatory approvals, robust pipeline of drugs and therapeutics, growing RD activities, and rising investment to accelerate clinical research are some other factors driving market growth.

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Further key findings from the report suggest

  • On the basis of material, the Polysulfone (PSU) Polyether Sulfone (PESU) segment generated the highest revenue in 2020 in the Microfiltration Membrane Market with a growth rate of 7.6% during the forecast period. The extensive use of PSU and PESU in the functioning of different end-use industries like pharmaceutical, biotechnology, life sciences, and healthcare sectors contribute to the higher revenue generated by this segment.
  • On the basis of scope, the therapeutic use segment yielded a higher revenue in 2020 in the Microfiltration Membrane Market with a growth rate of 6.3% during the forecast period. The increasing incidence of chronic diseases like cardiovascular, renal diseases and increased awareness among healthcare providers about applicability of therapeutic use of medical membranes in disease management contributes to the segment's higher revenue.
  • On the basis of process technology, the nanofiltration (NF) segment is projected to register the fastest growth rate during the forecast period. Various potential medical and biological applications of nanofiltration such as includes isolating, sensing, sorting and releasing biological molecules contributes to its higher growth rate.
  • On the basis of application, the pharmaceutical filtration segment accounted for the largest market share in 2020 in the Microfiltration Membrane Market , with the third-highest growth rate during the forecast period. Factors like expansion in pharmaceutical sector and increase in medicated drug's production contribute to the segment's large market share.
  • Asia Pacific region is expected to register the fastest CAGR of 8.5% during the forecast period, accounting for the third-largest share in the Microfiltration Membrane Market in 2020. Factors like increasing number of chronic diseases, rise in foreign direct investment in the healthcare sector, increase in the number of dialysis center and higher disposable income are some of the contributing factors spurring market expansion in this region.
  • Key participants in the Microfiltration Membrane Market include Sartorius AG, Asahi Kasei Corporation, 3M Company, Pall Corporation, Merck Millipore (Emd Millipore), Hangzhou Cobetter Filtration Equipment, GE Healthcare, Microdyn-Nadir GmbH, Koch Membrane Systems and W. L. Gore Associates, Inc.

Segments Covered in the Report:

For the purpose of this report, Reports and Data has segmented the Microfiltration Membrane Market according to material, scope, process technology, application, and region:

Material Type Outlook (Revenue, USD Billion; 2018 – 2028)

  • Polyvinylidene Fluoride (PVDF)
  • Polysulfone (PSU) Polyether Sulfone (PESU)
  • Polypropylene (PP)
  • Polytetrafluoroethylene (PTFE)
  • Modified Acrylics
  • Others

Scope Outlook (Revenue, USD Billion; 2018 – 2028)

  • Diagnostic use
  • Therapeutic use

Process Technology Outlook (Revenue, USD Billion; 2018 – 2028)

  • Microfiltration (MF)
  • Ultrafiltration (UF)
  • Nanofiltration (NF)
  • Others

Application Outlook (Revenue, USD Billion; 2018 – 2028)

  • Diagnostic use
  • Therapeutic use
  • Hemodialysis
  • Pharmaceutical Filtration
  • Iv Infusion Sterile Filtration
  • Drug Delivery
  • Others

Regional Outlook (Revenue, USD Billion; 2018 – 2028)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East Africa

Press Release Available@ https://www.reportsanddata.com/press-release/global-medical-membranes-market 

Key Questions Address in the Report:

  • What is the growth rate of the Microfiltration Membrane Market ? What is the market size the Microfiltration Membrane Market is expected to reach by 2028?
  • What are the key growth driving and restraining factors of the Microfiltration Membrane Market ?
  • Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
  • What are key opportunities and growth prospects of the Microfiltration Membrane Market over the forecast period?
  • Which region is expected to show significant growth in the coming years?
  • Which application segment is expected to be the most lucrative over the forecast period?

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