According to the report published by
Allied Market Research, the global medical membrane market generated $2.73 billion in 2019, and is estimated to garner $5.81
billion by 2027, witnessing a CAGR of 9.8% from 2020 to 2027. The report
provides a detailed analysis of changing market trends, key investment pockets,
major segments, value chain, and competitive scenario.
Increase in prevalence of diseases
worldwide, developments in the life science, biotechnology, and healthcare
industries, and rise in demand for high-purity products drive the growth of the
global medical membrane market. In addition, rise in consumption from the
medical industry and increase in cases of end-stage renal disease and diabetes
supplements the growth. However, long in-process validation processes hinder
the market growth. Contrarily, the development of the healthcare industry in
emerging countries presents new opportunities in the coming years.
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Covid-19
Scenario:
- Medical membranes have been used majorly in
applications such as pharmaceutical filtration, drug delivery, IV infusion
& sterile filtration, and hemodialysis. As these applications have
been stopped or postponed, the demand for medical membrane has been
reduced.
- Research and development activities have been
stopped in many countries. In addition, manufacturing activities have been
hindered due to lockdown measures taken in many countries.
- The demand-supply gap, shortage of raw
material procurement, and price volatility of raw materials are some of
the issues that have been occurred during the Covid-19 pandemic.
The report provides detailed
segmentation of the global medical membrane market based on material,
technology, application, and region.
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detailed COVID-19 impact analysis on the Medical Membrane
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Based on material, the polysulfone
(PSU) & polyether sulfone (PESU) segment accounted for the highest market
share in 2019, holding for more than one-third of the total market share, and
is expected to maintain its lead position during the forecast period. However,
the polytetrafluoroethylene (PTFE) segment is estimated to portray the highest
CAGR of 10.9% from 2020 to 2027.
Based on application, the
pharmaceutical filtration segment accounted for the largest market share,
contributed to nearly one-third of the total share of the global medical
membrane market in 2019, and is estimated to maintain its leadership status by
2027. However, the drug delivery segment is projected to witness the highest
CAGR of 10.7% from 2020 to 2027.
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Based on region, Europe contributed
to the largest share of the market, accounting for more than one-third of the
total share in 2019, and will maintain its dominant share during the forecast
period. However, Asia-Pacific is expected to witness the fastest CAGR of 10.3%
from 2020 to 2027.
Leading players of the global medical
membrane market analyzed in the research include Amniox Medical, Danaher
Corporation, Asahi Kasei, Koch Membrane Systems, Hangzhou Cobetter Filtration
Equipment, Mann+Hummel, Merck Group, W. L. Gore & Associates, Sartorius AG,
and 3M Company.
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Full Summary@ https://www.alliedmarketresearch.com/medical-membrane-market-A06916
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