Global Membrane Technology in Pharma, Biopharma,
And Life Sciences Market Report, published by Variant Market Research, forecast that
the global market is expected to reach $16 Billion by 2024 from $8 Billion in
2016, growing at a CAGR of 9.3% from 2016 to 2024. By geography, Asia Pacific
and Europe are expected to grow at a CAGR of 10.4% and 9.8%, respectively,
during the forecast period.
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Increased usage of single-use disposable membrane, and rising
use of purification and membrane technologies in food and drug industries are
the factors boosting growth of the global membrane technology in pharma, biopharma,
and life sciences market. Moreover, stringent rules & regulations, and
adoption of advanced technologies has also supplemented the growth of the
market. Rising investment in R&D in the field of bioscience, pharmaceutical,
and life sciences are expected to generate new opportunities for the market
players.
Global membrane technology in pharma, biopharma and life
sciences market has been bifurcated into application, technology, and geography.
Pharmaceuticals, biopharmaceuticals, and life sciences are the various
classifications of the application segment. By technology, the market is
further categorized into ultrafiltration, microfiltration, nanofiltration,
chromatography, and others. Biopharmaceuticals dominated the application
segment in the year 2016. Nanofiltration is the fastest growing segment in the
overall technology segment.
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North America, Europe, Asia-Pacific, and Rest of the World
(RoW) are the various geographical classifications of the market. In 2016, North
America accounted for the largest market share of 41.7%. In the same year,
Asia-Pacific accounted for around one-fourth of the global market share. Moreover, the region is projected to grow at
the fastest CAGR from 2016 to 2024. The growth is majorly attributed to
increased adoption of advanced technology, increasing investments in R&D,
and increasing applications in food & beverage industry.
Key players in the global membrane technology in pharma,
biopharma and life sciences market include, Amazon Filters Ltd., GE Healthcare Life
Sciences, Merck Millipore, TriSep Corporation, Pall Corporation, Advantec MFS
Inc., Sartorius AG, 3M Company, Novasep, Inc., and Koch Membrane Systems Inc.,
among others.
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