The membrane filter technology has several applications, including production of portable water from sea, cleaning of industrial effluents, and recovery of valuable constituents. Although major applications of the technology are observed in pharmaceuticals, biopharmaceuticals, and life sciences; a growing application base is currently driving the global membrane technology market. Particularly in biopharma, pharmaceuticals, and life sciences, the market is expected to expand at a healthy CAGR of 9.1% over a five-year forecast period, 2014-2019. PMR projects the global membrane technology market revenues to reach up to US$ 10.88 Bn by the end of 2019, up from US$ 7.02 Bn in 2014.
Key Market Dynamics
Coupled with production of portable water and industrial effluent cleaning process, the membrane filter technology is widely used for concentration, purification, and fractionation of macromolecular mixtures in food and drug industries. In addition, it also finds application in separation of vapors and gases. Attributed to growing production levels and R&D investments in pharmaceutical, biopharmaceutical, and life sciences industries, the membrane filter technology is anticipated to gain traction over the forecast period. The market is especially expected to observe higher sales in separation and purification of drug components, in pharmaceutical, biopharmaceutical, and life sciences industries. From drug research in laboratories to production of pharmaceuticals on a large scale, the demand for membrane technology in various stages of drug development is foreseen to remain high, providing an impetus to the market throughout the forecast period as well. There are several other applications of membrane technology, such as lab-scale DNA and protein separation, analysis, drug screening, cell culture and examination, and virus removal, which are likely to fuel the market growth. Moreover, the membrane filter technology offers a wide range of products, including microarray products, multi-well filters, syringe membranes filters, and bottle top filters. This is another strong factor that will continue to favor the market growth through to 2019. Stringent environmental regulations, and strict quality and safety standards in pharmaceutical and biopharmaceutical industries, including Good Manufacturing Practices (GMP) will sustain the demand for membrane technology in pharmaceutical, biopharma, and life sciences industry. Periodical replacement need will continue to favor the sales of membrane filters, as more efficient alternatives are not currently available in the market.
Limitation of the materials used in making membranes, high investment and operational costs, chances of membrane fouling, are a few of the key restraints that are predicted to detain the market growth during 2014-2019.
By technology, the global membrane technology market is segmented into ultrafiltration, microfiltration, nanofiltration, and chromatography. Microfiltration represents a major segment, owing to its applications in water treatment, turbidity removal, disinfection, and sterilization of beverages. Applications of ultrafiltration in food and beverage processing will create burgeoning demand for the technology. However, emergence and rising expenditure on nanofiltration are expected to augment the proliferation this segment in amino acids extraction process in the healthcare industry, and tar removal process in the oil and gas industry.
The global membrane technology market is geographically segmented into North America (the U.S.), Europe (Switzerland, Germany, Italy, the U.K., Ireland, France), Asia (China, India, Japan, Malaysia, Singapore), and rest of the world. In 2012, North America accounted for over 40% of the global pharmaceutical sales. North America, led by the U.S., will remain the largest market for membrane technology, globally. Europe is expected to witness substantial growth during the forecast period, owing to active support from several societies, organizations, and associations to market expansion. Asia will however represent the fastest growing regional market due to rapidly growing pharma and biopharma sectors.
Key Market Players
Some of the most prominent players in the global membrane technology market for pharma, biopharma, and life sciences industries, are GE Healthcare Life Sciences, 3M, Pall Corporation, Sartorius, Merck Millipore, Koch Membrane Systems Inc., Novasep, TriSep Corporation, Amazon Filters Ltd., and Advantec MFS.
The global membrane technology market has gained solid momentum in the recent past, and is estimated to attain remarkable growth in the near future. Persistence Market Research’s newly published report on the global membrane technology market provides in-depth analysis and estimation of the global membrane technology market in pharmaceutical, biopharma and life sciences for a five-year forecast period, 2014-2019. Considering 2013 as the base year for calculation of market values, the report provides estimated values of the market size, revenues, and growth rates.
Additionally, data pertaining to current market dynamics including key market drivers and major restraints has been provided only after extensive market research. The report also elaborates on notable recent trends in the industry that are likely to impact the market during the forecast period. It also throws light on the biggest market opportunities that the market will present in this five-year period. In segment analysis, the report extensively analyzes various segments of the global membrane technology market, based on the technology. There are four key segments, and the report assesses each of them in terms of market share, growth rate, drivers, challenges, and applications.
Under regional analysis, the global membrane technology market report comprises an exhaustive examination of all the key regional markets across the globe. Each market has a leading region, and a set of positive and negative factors influencing the market growth. The report provides valuable data on this and estimates leading and other market values during the forecast period. In the next section, all the key market players are assessed on the basis of their market shares, expected revenues, product portfolios, development strategies, and anticipate growth pattern. This part helps to understand the competitive landscape of the global membrane technology market.
and recent developments has been provided in the report Some of the major players in the membrane technology market for pharmaceutical, biopharma, and life sciences industry are GE Healthcare Life Sciences, Pall Corporation, Sartorius, Merck Millipore and 3M. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability and financial overview.
To deduce the global membrane technology market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, vehicle type, and distribution channel; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global membrane technology market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global membrane technology market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the global membrane technology market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global membrane technology market. Further, to understand key segments in terms of their growth and overall global membrane technology market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global membrane technology market.