Medical Membranes Market Growth Analysis | 2022-28

Market Insights

The medical membranes market is likely to grow from USD 3.02 billion in 2021 to reach USD 5.59 billion by 2028 at a healthy CAGR of 9.18 % during the forecast period.

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What is Medical Membrane?

Medical membranes are the devices that are used extensively in medical treatments. They are made from organic and inorganic polymers and offer high selectivity and permeability in medical applications.

Medical Membranes are made up of different material types, such as PTFE, PVDF, PP, PSU, PESU, modified acrylics, and others, that are used in various applications, such as pharmaceutical filtration, haemodialysis, drug delivery, IV infusion & sterile filtration, bio-artificial processes, others.

Market Driver

The impressive growth of the market is attributable towards:

• The rise in demand for high-purity selective separation.
• Expanding healthcare and pharmaceutical industries.
• Increasing number of End-Stage Renal Disease (ESRD) patients.

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Key Players

Some of the major manufacturers are-

• Pall Corporation
• Merck Millipore
• Koch Membrane Systems
• Asahi Kasei Corporation
• Toray Medical
• Baxter International
• Ge Healthcare
• GEA Group
• W.L Gore and Associates Inc.
• Akzoss Nobel

Segment Analysis

By Process Technology Type

The market is segmented as ultrafiltration, microfiltration, nanofiltration, reverse osmosis, dialysis, gas filtration and others. The ultrafiltration process technology is expected to lead the medical membranes market owing to the increasing use of ultrafiltration process technology in pharmaceutical filtration.

By Application Type

The market is segmented as pharmaceutical filtration, hemodialysis, drug delivery, IV infusion & sterile filtration, bio-artificial processes, and others. The pharmaceutical filtration application segment is likely to command the medical membranes market during the forecast period. This growth is attributed to the growing production of medicated drugs and expansion of healthcare facilities.

By Region

Europe is the leading market for medical membranes. The prime factor in the growth of the medical membranes market in Europe is the increasing aging population (above 65 years), growing End-Stage Renal Disease (ESRD) patient pool, increasing improved diagnostic facilities, and rising incidences of chronic diseases, such as diabetes and hypertension. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories. 

By Material Type:

• Polysulfone (PSU) & Polyether Sulfone (PESU)
• Polyvinylidene Fluoride (PVDF)
  • (By Material Type Analysis: Hydrophobic PVDF Membrane and Hydrophilic PVDF Membrane)
• Polytetrafluoroethylene (PTFE) 
• Polypropylene (PP) 
• PESU 
• Modified Acrylics 
• Polyethylene 
• Others 

By Process Technology Type:

• Ultrafiltration
• Microfiltration 
• Nanofiltration 
• Reverse Osmosis 
• Dialysis 
• Gas Filtration 
• Others 

 By Application Type:

• Pharmaceutical Filtration 
• Hemodialysis 
• Drug Delivery 
• IV Infusion & Sterile Filtration 
• Bio-Artificial Processes 
• Others 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com