Demand for Pharmaceutical Membrane Technology to Grow due to Rising Prevalence of Chronic Diseases

The pharmaceutical industry has been registering steady growth since the past few years, which can primarily be attributed to the surging prevalence of chronic diseases all across the globe. As the number of patients is growing, the demand for new and effective drugs is growing as well. As per the report “ The Pharmaceutical Industry and Global Health, Facts and Figures 2017”, by the International Federation of Pharmaceutical Manufacturers and Associates, the pharmaceutical industry generated a revenue of $997 billion in 2014. As pharmaceutical membranes are widely utilized in these industries, their demand is growing as well.

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According to a report by P&S Intelligence, the global pharmaceutical membrane technology market size is projected to advance at a considerably rate in the coming years. Membrane technologies are utilized for purification and separation applications involving gaseous mixtures and liquid phases. Different product types of pharmaceutical membrane technology are mixed cellulose ester (MCE) membrane, coated cellulose acetate, polyvinylidene fluoride, nylon, and polytetrafluoroethylene, membrane. Among all these, the demand for MCE membrane was the highest in the past, which can be owing to the fact that these are biologically inert. These membranes are further utilized most commonly in research and analytical applications.

Geographically, North America emerged as the largest pharmaceutical membrane technology market in the past and the situation is predicted to remain the same in the coming years as well. This is because of the growing prevalence of chronic diseases, presence of major pharmaceutical companies, and increasing spending on research & development activities in the region. Other than this, the demand for these technologies is also expected to rise significantly in Europe in the near future, owing to the growing pharmaceutical production in the region.

This Study Covers

• Historical and the present size of the pharmaceutical membrane technology market
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Major players operating in the market and their service offerings
• Recent strategic developments by the major players in the market