Membrane technology is a mechanical separation process that involves the separation of liquid or gaseous stream by using permeable membranes. It is superior to conventional separation process as it doesn’t require heat for separation and consumes less energy. It provides better separation of components either by retention or permeation. Membrane technology has wide applications in pharmaceutical, biopharmaceutical, life sciences and food industry. These applications involve separation and analysis of genetic components, cell culturing, separation of viruses and drug screening. Due to increasing popularity of this technique, it is anticipated to register a healthy CAGR during forecast period. Deep-dive analysis of global membrane technology market focuses on major market dynamics such as drivers, restraints and opportunities. Profound analysis of segments would be helpful to understand the product distribution trends in each segment within global membrane technology market. Competitive landscape section profiles the key players on the basis of business performance, strategic moves and SWOT analysis.
Global membrane technology market is majorly driven by increasing research activities in pharmaceutical, biopharmaceutical, life sciences and food industry, worldwide. These research activities highly demand advanced separation and analysis techniques. Hence, it has resulted in technological advances in membrane sizes and membrane strength. Additionally, high demand for disposable membranes and strict government regulations for membrane quality and safety has enhanced the growth of this market. However, membrane fouling and high operational cost hinder the growth of this market. Superior technology that will address the problem of membrane fouling would be the promising opportunity for manufacturers. Emerging markets are also promising locations for this market to grow and expand.
Global Membrane Technology Market by Technology
The global membrane technology market is segmented into different categories, namely Ultrafiltration, Chromatography, Microfiltration, Nanofiltration, Reverse osmosis and Electrodialysis. Nanofiltration is the rapidly growing technology in global market as it offers better resolution of component mixtures and exhibits the efficient separation process. Electrodialysis is also efficient method of separation based on electric potential gradient.
Global Membrane Technology Market by Geography
Geographically, global membrane technology market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America dominates the global membrane technology market due to high research investment and exhaustive research activities that resulted in better membrane modifications. Asia-Pacific is the fastest growing market due to favorable government initiatives and growing research activities in pharmaceutical and biopharmaceutical sectors.
The key players within global membrane technology market include Pall Corporation, Merck Millipore, 3M Healthcare, Sartorius, Sigma Aldrich Corporation, Koch Membrane Systems and GE Healthcare. Key players are focusing to bring the advanced and modified membrane techniques to fulfill the market demand. However, increasing the life span of membrane and reduction in operational cost is the potential challenge for manufacturers.
High Level Analysis
The comprehensive analysis of global membrane technology market provides an in-depth understanding of the market and its key concerns. It majorly focuses on advanced membrane separation techniques. Market segmentation focuses on product distribution trends for each segment that would help the strategist. Market dynamics covers market drivers, restraints and opportunities, which would help to understand the market behavior. Porter’s five forces analysis would be helpful to determine the market profitability. Membrane techniques are costlier and involve high operational cost. Despite of its costing issues, there is high a growing demand for these techniques from buyers due to its varied applications in research activities. Hence, bargaining power of supplier is moderate. Membrane techniques are highly advanced and provide precise and accurate results. Hence, it cannot be easily substituted and thus, threat from substitute product is low. Industrial rivalry is intense due to numerous competitors present in the market competing to provide cost effective products and technologies.
This report offers the following benefits in particular:
The global membrane technology market is segmented into two major categories such as technology and geography.
MARKET BY TECHNOLOGY
MARKET BY GEOGRAPHY
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