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Membrane Technology Market Expected To Reach USD 7,029.9 Mn By 2019

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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
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.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.
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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.
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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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https://www.persistencemarketresearch.com/checkout/3024
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