Medical membranes: Key market research findings
- APAC dominates the market geographically
- Protein purification accounts for a majority of the market’s revenue
- Key vendors – GEA, GE Healthcare, EMD MILLIPORE, Koch Membrane, and Sartorius AG
Technavio’s market research analysts predict the global market for medical membranes to grow at a CAGR of almost 10% between 2016 and 2020. The growth of the market is augmented by the prominence of single-use and disposable technologies in bio-pharmaceuticals. These technologies eliminate the chance of cross-contamination, assure sterility, increase process efficiencies, and protect the operators from diseases. A large number of disposable technologies for downstream processing are also emerging, such as disposable stacked depth filters, disposable membrane absorbers, and disposable tangential flow filtration cassettes. In 2015, the market was dominated by APAC with a market share of around 43%. Factors such as increasing population, rising use of pharmaceutical products, and the growing pharmaceutical industry in developing countries such as India and China will contribute to the growth of the medical membrane market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the medical membrane segments based on the application.
“Nanofiltration membrane is gaining a lot of traction in the market currently. Nanofiltration membranes have better-operating features and accuracy than other membranes. Besides, they operate at low pressure and provide a higher filtration rate than that of reverse osmosis membranes. As a result, many vendors and end-users like process water purification and wastewater treatment have begun to adopt nanofiltration membranes over reverse osmosis membranes in numerous applications,” says Brijesh Kumar Choubey, Lead Analyst, Consumer & Retail, Technavio Research.
By 2020, the protein purification segment will account for 41% of the overall market revenue to continue its dominance as the key revenue generator in the global medical membranes market. Protein purification is the process of isolating a specific type of protein from a complex protein mixture. It is used in the medical industry to characterize the structure, function, and interactions of the protein to be used in a medicine or a supplement. Protein purification can be done on the basis of size, binding affinity, physio-chemical properties, and biological activity of the proteins. Membrane technology uses differences in protein size for protein purification.
The key vendors in the global medical membranes market include GEA, GE, EMD MILLIPORE, Koch Membrane, and Sartorius AG. The market is fragmented with the presence of several small and large vendors, resulting in high competition. These players have a vast geographical presence with large production facilities located across the world. The possibility of new players entering this market is very less because of the strong position of the leading players in the market who have sizeable market shares and extensive geographic reach.
A more detailed analysis is available in the Technavio report, Global Medical Membranes Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
