Global
Membrane
Technology in Pharma, Biopharma, And Life Sciences Market Report, published by Variant Market Research,
forecast that the global market was valued at $8,025 Million in 2016 and is
expected to reach $16,375 Million by 2024, growing at a CAGR of 9.3% from 2016
to 2024. In geographical segments, Asia Pacific and Europe are expected to grow
at a CAGR of 10.4% and 9.8%, respectively, during the forecast period
2016-2024.
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Factors such as advancement of process
technologies and material science, environmental regulations, challenges
related to sanitation and water supply, and exploration of new applications are
driving the growth of the market. However, limitation of membrane materials, effects
of membrane fouling, high operational and high investment cost may limit the
market from growing. Moreover, presence of various filtration techniques such
as microfiltration, ultrafiltration, and nanofiltration beneath membrane
technology which has augmented its acceptance in biopharmaceutical,
pharmaceutical, and life science is projected to have several growth
opportunities for the market in the coming years.
The global membrane technology in
pharma, biopharma and life science market is majorly categorized into application,
technology and geography. Wherein, application segment comprises of biopharmaceuticals,
pharmaceuticals, and life sciences. Among which, biopharmaceuticals dominated
the market with largest share, followed by pharmaceuticals in the year 2016. The
technology segment is further classified into microfiltration, ultrafiltration,
nanofiltration, chromatography and others. Nanofiltration is estimated to achieve
the fastest CAGR during the forecast period 2016 - 2024.
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Geographically, the global membrane
technology in pharma, biopharma and life science market is classified into
North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2016,
North America accounted for the largest market share of 41.7%, followed by
Asia-Pacific with 24.8%. While, Asia-Pacific is projected to grow with fastest
CAGR during the forecast period i.e. 2016-2024, owing to, adoption of advanced
technologies, and increasing applications in food & beverage industries.
Major market players comprise of Merck
Millipore, TriSep Corporation, GE Healthcare Life Sciences, 3M Company, Pall
Corporation, Amazon Filters Ltd., Sartorius AG, Novasep, Inc., and Koch
Membrane Systems Inc., Advantec MFS Inc., among others.
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