Membrane Technology Market 2022
The global Membrane Technology Market is bound to witness a CAGR worth satiating In Upcoming Years. In the era of cloud computing, the cloud revolution is there to break the stereotypes. Several key stakeholders are going for cloud hosting solutions providers to enhance their accounting services. This migration to cloud technology is making way for the enterprises to simplify their daily tasks, that too, conveniently and cost-effectively. As such, the industry could be on the “cloud computing nine” in the forecast period.
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 2027” the global membrane technology market for pharmaceutical, biopharma and life sciences is estimated at USD 7,029.9 million in 2022 and is expected to grow at a CAGR of 9.1% from 2022 to 2019, to reach an estimated value of USD 10,886.0 million in 2027.
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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 the Membrane Technology Market Report
How is the Membrane Technology market expected to grow over the projected period?
What direction is the Membrane Technology market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Membrane Technology market in future?
What are the key market drivers in the Membrane Technology market?
What are significant opportunities and improvement areas for Membrane Technology manufacturers?
What are the key developments and trends taking over the Membrane Technology market?
Which are the emerging countries that are expected to create significant growth opportunities in the Membrane Technology market?
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