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NEW YORK : Particularly in biopharma, pharmaceuticals, and life sciences, the market is expected to expand at a healthy CAGR of 9.1% over a five-year forecast period, 2014-2019. PMR projects the global membrane technology market revenues to reach up to US$ 10.88 Bn by the end of 2019, up from US$ 7.02 Bn in 2014.
The membrane filter technology has several applications, including production of portable water from sea, cleaning of industrial effluents, and recovery of valuable constituents. Although major applications of the technology are observed in pharmaceuticals, biopharmaceuticals, and life sciences; a growing application base is currently driving the global membrane technology market.
Membrane technology is a process of separating and purifying various components of a solution using membranes. These membranes can be of different types, such as microfiltration, ultrafiltration, nanofiltration, and reverse osmosis. The membrane technology market is growing at a rapid pace due to its increasing use in various industries such as water and wastewater treatment, food and beverage, pharmaceuticals, and biotechnology. This report aims to provide an overview of the membrane technology market, its current trends, and future prospects.
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However, the market faces some restraints such as effects of membrane fouling, high operational and investment cost and limitation of membrane materials. As a result, the market is expected to grow at a CAGR of about 9.1% during 2014-2019.
North America is the largest market for membrane technology in pharmaceutical, biopharmaceutical and life sciences industries. The U.S. is the world’s largest market for pharmaceutical and biopharmaceutical products. According to the European Federation of Pharmaceutical Industries and Associations, North America accounted for about 41% of global pharmaceutical sales in 2012.
Similarly, in Europe, membrane technology is a rapidly growing sector with many associations, organizations and societies actively involved in expansion and implementation of this technology in various industries including pharmaceutical, biopharmaceutical and life sciences.
However, Asia is the fastest growing region in the membrane technology market due to continuous development in pharmaceutical and biopharmaceutical industries.
GE Healthcare Life Sciences and 3M are some of the leading players in the global membrane technology market in pharmaceutical, biopharma and life sciences. Other major players of the membrane technology market include Pall Corporation, Sartorius, Merck Millipore, Koch Membrane Systems Inc., Novasep, TriSep Corporation, Amazon Filters Ltd. and Advantec MFS.
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The global market of membrane technology in pharmaceutical, biopharma and life sciences is segmented as follows:
Membrane Technology Market in Pharmaceutical, Biopharma and Life Sciences, By Technology
Membrane Technology Market in Pharamceutical, Biopharma and Life Sciences, by Geography
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