What is Global Medical Membranes Market?
The Global Medical Membranes Market is a vast and dynamic sector that plays a crucial role in the healthcare industry. These membranes are specialized materials used in various medical applications, including pharmaceutical filtration, hemodialysis, IV infusion, and sterile filtration. The market's value stood at US$ 2154 million in 2023, and it's projected to reach US$ 3471.7 million by 2030, growing at a CAGR of 7.0% during the forecast period 2024-2030. This growth is driven by the increasing demand for high-quality medical products and the continuous advancements in membrane technology. The market is dominated by key players such as Cytiva, Danaher, Merck Millipore, and 3M, with Cytiva holding an 18% market share.
PSU & PESU, PVDF, Others in the Global Medical Membranes Market:
The Global Medical Membranes Market is segmented based on materials into PSU & PESU, PVDF, and others. PSU & PESU medical membranes hold a significant market share of over 30%, owing to their superior properties such as high thermal stability, excellent mechanical strength, and good chemical resistance. On the other hand, PVDF medical membranes, which hold a market share of about 25%, are favored for their high purity, excellent chemical compatibility, and outstanding permeability. These materials are extensively used in various medical applications, contributing to the overall growth of the market.
Pharmaceutical Filtration, Hemodialysis, IV Infusion & Sterile Filtration, Others in the Global Medical Membranes Market:
The Global Medical Membranes Market finds its applications in various areas such as pharmaceutical filtration, hemodialysis, IV infusion & sterile filtration, among others. Pharmaceutical filtration holds the largest application segment with a share of about 30%. This is due to the increasing demand for high-quality pharmaceutical products and the need for efficient filtration processes in the pharmaceutical industry. Hemodialysis and IV infusion & sterile filtration are other significant application areas, contributing to the market's growth. These applications require high-quality medical membranes to ensure effective treatment and patient safety.
Global Medical Membranes Market Outlook:
The market outlook for the Global Medical Membranes Market is promising. In 2023, the market was valued at US$ 2154 million, and it is expected to reach US$ 3471.7 million by 2030, growing at a CAGR of 7.0% during the forecast period 2024-2030. The market is dominated by key players such as Cytiva, Danaher, Merck Millipore, and 3M, with Cytiva holding an 18% market share. North America is the largest market, accounting for around 36% of the market share, followed by Europe with 35% and Asia-Pacific with 23%. In terms of materials, PSU & PESU medical membranes hold a market share of over 30%, and PVDF medical membranes hold a market share of about 25%. In terms of applications, pharmaceutical filtration holds a market share of about 30%.
| Report Metric | Details |
| Report Name | Medical Membranes Market |
| Accounted market size in 2023 | US$ 2154 million |
| Forecasted market size in 2030 | US$ 3471.7 million |
| CAGR | 7.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| By Region |
|
| By Company | Danaher, Merck Millipore, 3M, Sartorius, Koch Membrane Systems, Asahi Kasei, Cytiva, Thermo Fisher Scientific, DuPont, Parker Hannifin |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
