Membranes for Medical Devices Market Size, Industry Trends, Demand and Future Opportunities and Forecast Period


Posted June 19, 2024 by Jameslin

Membranes for Medical Devices Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period

 
Membranes for Medical Devices market was valued at over USD 3.6 billion in 2023 and is expected to reach USD 8.7 billion in 2034, with a compound annual growth rate (CAGR) of 7.5% over the course of the 2024–2034 forecast period. Medical device membranes play a crucial role in a variety of healthcare applications by performing vital functions such as filtration, separation, and purification. The market is increasing and sustainable since it is in line with the healthcare industry.
medicinal device membranes are specialized barriers intended to separate, filter, and purify substances for a range of medicinal uses. These membranes are essential parts of the apparatus used in medication delivery, dialysis, filtration, and other medical procedures. Materials such as polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), polypropylene (PP), modified acrylics, polyethylene, and polysulfone (PSU) and polyether sulfone (PESU) are used in it.

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GROWTH DRIVERS
Dialysis and medication delivery systems are among the sophisticated medical equipment that are in high demand due to the increasing prevalence of chronic diseases such as diabetes, cardiovascular disease, and kidney disease. The World Health Organization (WHO) reports that noncommunicable diseases (NCDs), sometimes referred to as chronic diseases, are a rapidly expanding health issue that account for 41 million annual deaths worldwide, or 74% of all fatalities. Chronic respiratory conditions, diabetes, cancer, and cardiovascular problems are among these illnesses. Up to 1 in 3 diabetics and 1 in 5 hypertensive patients in high-income nations suffer from chronic renal disease.
The National Kidney Foundation estimates that 37 million persons in the US have chronic kidney disease (CKD), and 90% of them are unaware of their condition. The performance and efficiency of medical devices are improved by developments in membrane technology, such as membrane materials and fabrication techniques. The market is being driven by the development of biomimetic membranes and nanomaterials, which provide enhanced biocompatibility and filtering capabilities. The incidence of age-related disorders is rising due to the aging population worldwide.
MARKET SEGMENTATION:
· By Material- Polysulfone (PSU) & Polyether Sulfone (PESU), Polyvinylidene Fluoride (PVDF)- Hydrophobic PVDF Membrane and Hydrophilic PVDF Membrane, Polytetrafluoroethylene (PTFE), Polypropylene (PP), Modified Acrylics, Polyethylene and Others
· By Process Technology- Dialysis, Gas Filtration, Microfiltration (MF), Nanofiltration (NF), Reverse Osmosis (RO), Ultrafiltration (UF) and Others
· By Application- Bio-Artificial Processes, Drug Delivery, Hemodialysis, IV Infusion & Sterile Filtration, Pharmaceutical Filtration and Others
· By Distribution Channel- Direct and Indirect Sales
· By Type- IV Filters, Respiratory and Anesthesia Filters and others
· By Region- North America, Europe, Asia Pacific, The Middle East and Africa, South America

Global Key Players:
· Asahi Kasei Corporation
· Hangzhou Cobetter Filtration Equipment
· Koch Membrane Systems
· Merck Millipore (Emd Millipore)
· Microdyn-Nadir GmbH
· Pall Corporation
· Sartorius AG
· The 3M Company
· W. L. Gore & Associates, Inc.
· Other Players

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

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Last Updated June 19, 2024