SAN FRANCISCO, Aug. 09, 2017 (GLOBE NEWSWIRE) -- 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 have also supplemented the growth of the market. Rising investment in R&D in the field of bioscience, pharmaceutical, and life sciences is 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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Scope of Global Membrane Technology in Pharma, Biopharma, And Life Sciences
Application Segments
- Pharmaceuticals
- Biopharmaceuticals
- Life Sciences
Technology Segments
- Ultrafiltration
- Microfiltration
- Nanofiltration
- Chromatography
- Others
Geography Segments
- North America
○ U.S.
○ Canada
○ Mexico - Europe
○ U.K.
○ Germany
○ France
○ Spain
○ Others - Asia-Pacific
○ China
○ India
○ Japan
○ South Korea
○ Others - RoW
○ South America
○ Middle East
○ Africa
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Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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