Membrane Technology Market

Membrane Technology Market to Represent a Value of $10,886.0 million in 2019
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 2019” the global membrane technology
market for pharmaceutical, biopharma and life sciences is estimated at USD 7,029.9 million
in 2014 and is expected to grow at a CAGR of 9.1% from 2014 to 2019, to reach an
estimated value of USD 10,886.0 million in 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.
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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.