The latest research study “Medical Membrane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global medical membrane market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 5.9 Billion by 2028, exhibiting a CAGR of 8.35% during 2023-2028.
What is Medical Membrane?
Medical membrane represents synthetic membranes that are utilized in several medical applications for filtration and separation. Based on materials, they can be categorized into acrylics polypropylene (PP), polysulfone (PSU), polyvinylidene fluoride (PVDF), polyether sulfone (PESU), etc. These medical membrane variants are designed to filter out bacteria, fungi, fine particles, and various toxins from the blood through aqueous solutions and superior flow rates. They prove to be instrumental in the concentration, separation, and purification of multiple medical processes. Medical membrane materials even act as selective barriers for preventing immune system components from inadvertently interacting with implants while permitting nutrients and metabolites to enter cells freely. They play an important role in the production of an extensive range of diagnostic devices. Consequently, medical membrane products find widespread utilization in pharmaceutical filtration, bio-artificial processes, IV infusion and sterile filtration, drug delivery, hemodialysis, etc.
What Are The Key Factors Driving The Global Medical Membrane Market?
The growing prevalence of numerous chronic diseases, including renal failure, diabetes, atherosclerosis, etc., across the globe, is among the key factors driving the medical membrane market. In line with this, the rising use of membranes in dialysis for filtration and blood purification and in the recovery of concentrated proteins and enzymes is acting as another significant growth-inducing factor.
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Moreover, the escalating requirement of medical membrane devices, which include microfiltration and intravenous (IV) infusion filters for curing multiple ailments, is also positively influencing the market growth. Apart from this, the inflating demand for artificial organ implants, owing to organ failure, is further stimulating the global market. Additionally, the expanding product usage for wastewater treatment, on account of its higher selectivity towards critical components, is expected to bolster the medical membrane market over the forecasted period.
The report has been segmented the market into following categories:
Breakup by Technology:
Breakup by Material:
Breakup by Application:
Competitive Scenario with Key Players:
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