DALLAS, June 9, 2015 /PRNewswire/ --
The report "Medical Membranes Market by Chemistry (PTFE, PVDF, PE, Modified Acrylics and Others), by Technology (Ultrafiltration, Microfiltration, Reverse Osmosis, Dialysis, Gas Separation, Others), by Application (Hemodialysis, Drug delivery, IV Infusion Filters & Sterile Filtration, Others), and Geography - Trends & Forecast to 2020" published by MarketsandMarkets, The global Medical Membranes Market projected to register approximately $7.2 Billion by 2020, in terms of value at a CAGR of 9.7% between 2015 and 2020.
Browse 63 market data Tables and 48 Figures spread through 166 Pages and in-depth TOC on "Medical Membranes Market"
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The market report defines and segments the medical membranes market with an analysis and forecast of value and volume. Along with this, the value and volumes of medical membranes market by chemistry, by technology, by application and by region are also discussed in the report.
The report also identifies the driving and restraining factors for medical membranes market with an analysis of drivers, restraints, opportunities, and strengths. The market is segmented and the value has been forecasted on the basis of important regions, such as Asia-Pacific, North America, Europe, and Rest of the World (RoW). Further, the market is segmented and the demand and value are forecasted on the basis of various key applications of medical membranes, such as hemodialysis, drug delivery, IV Infusion Filters & Sterile Filtrations, and other applications.
Growth in biopharmaceuticals and new therapeutics market is leading the growth of this market in North America and Europe
Membranes are used in medical industry to meet the high requirements of purity of components. Membranes offer high selectivity and permeability, thus providing additional advantage. Membranes used for filtration purpose also help to recover materials such as concentrated proteins, enzymes and others. Some of these materials such as enzymes can be reused. The drivers of the medical membrane market in North America and Europe can be pointed out as rising cost of product development and manufacturing, pharmaceutical price control and competition with generics, more severe clinical trial hurdles and specialized labeling, and more stringent environment regulations.
Germany is the largest market for medical membranes in Europe that is projected to register over 6% CAGR growth between 2015 and 2020. The U.S. is the largest market for medical membranes in North America and it is projected to grow with 8.10% between 2015 and 2020. The developing economies of Asia namely China and India are also projected to register high growth rate in the medical membranes market in the next five years. The hemodialysis application registered strong growth in 2014 as incidents of diabetes and kidney failures are increasing and this trend is projected to continue for the next five years.
The medical membranes market is a flourishing market as manufacturers continue to explore new opportunities and launch new products to cater to the rising demand from their consumers.
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Asia-Pacific countries such as China and India are projected to account for highest medical membranes market, in terms of value, by 2020
Asia-Pacific is projected to register high growth rate in the medical membranes market in the next five years mainly due to increasing medical care market and rise regulations in the region. Medical membranes are widely used in hemodialysis application. In Asia-Pacific, India and China are two countries with the highest prevalence of diabetes. Higher prevalence of diabetes leads to high incidences of kidney failures; thus, leading to higher demand for hemodialysis in the region. This along with more companies adopting good manufacturing practices for manufacturing pharmaceuticals is driving the demand for medical membranes in the region.
China and India, the growing economies and demographics of the Asia-Pacific region are projected to have high growth potential in the medical membranes market in the next five years. The rise in healthcare market is the major reason leading to the growth medical membranes market in India.
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