Global revenue for medical membrane devices is expected to reach $29.4 billion by 2020.
(PRWEB) September 15, 2015
Wellesley, Mass., September 15, 2015 – Changes in the global health scenario have led to increased demand for novel, efficient and cost- effective devices in the membrane products industry. BCC Research reveals in its new report that the trend for industry mergers, acquisitions and other corporate consolidation at all scales will continue in the near future.
The global revenue for medical membrane devices is expected to reach $29.4 billion by 2020, growing at a compound annual growth rate (CAGR) of 2.3% from 2015 to 2020. The membrane diagnostic devices segment should continue to dominate the market, partly because of rising global incidence of chronic diseases such as diabetes, cardiovascular, and cancer. New novel diagnosing and testing product launches will foster moderate growth, as well.
By region, the U.S. remains the largest segment due to new innovations and techniques that continue to improve treatment quality. In the European market, strong currency exchange rates and rising socioeconomic status are driving moderate growth. In developing countries with emerging economies, research and development activities will key expansion.
Membranes are either natural or synthetic barriers that allow small molecules to pass through the membrane while blocking larger ones. This report presents five categories of membrane devices: hemodialyzers, membrane oxygenators, Intravenous infusion (IV) filters, membrane diagnostic devices and blood microfilters/apheresis systems.
During the forecast period, the membrane diagnostic device segment should continue to dominate the global market.
“Clinical applications of membrane-based diagnostics are widespread and growing in infectious disease detection, hormone testing, drug monitoring, cardiovascular and congenital disease marker testing and a number of other indications,” says BCC Research analyst Shalini Dewan. “Membrane also find their prominent use in other applications like IV filters. Other applications of membrane medical devices include renal therapies, cardiovascular treatments and therapeutic apheresis.”
Medical Membrane Devices: Markets and Technologies (MST043F) examines the global market in terms of growth, size and opportunities for different devices, applications and technologies. The report also provides forecasted trends and revenue through 2020.
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