Press release
Membrane Technology Market Augmentation and Improvement Forecast to 2022| Reach USD $10.8 billion
Membrane Technology Market 2022
Membrane Technology Market in Pharmaceutical, Biopharma and Life Sciences Will Reach $10.80 billion in 2022.
According to a new market report published by Persistence Market Research "Global Market Study on Membrane Technology in Pharmaceutical, Biopharma and Life Sciences: North America to Witness Highest Growth by 2022" the global membrane technology market for pharmaceutical, biopharma and life sciences is estimated at USD 7,029.9 million in 2019 and is expected to grow at a CAGR of 9.1% from 2019 to 2022, to reach an estimated value of USD 10,886.0 million in 2022.
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The membrane technology market in pharmaceutical, biopharma and life sciences is growing due to increased research and development and production in pharmaceutical, biopharmaceutical and life sciences industries. Moreover, stringent regulations and usage of single-use disposable technique are also playing a major role in growth of the membrane technology market.
Presence of various filtration techniques such as ultrafiltration, nanofiltration and microfiltration under membrane technology has increased its acceptance in pharmaceutical, biopharmaceutical and life science industries for separation and purification of components and biomolecules, over conventional techniques.
Company Profiles:
Pall Corporation.
Sartorius.
3M.
Merck Millipore.
GE Healthcare Life Sciences.
Koch Membrane Systems Inc.
Novasep.
TriSep Corporation.
Amazon Filters Ltd.
Advantec MFS.
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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.
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
Ultrafiltration
Microfiltration
Nanofiltration
Chromatography
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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