According to a new market report published by Lucintel, the future of the track etched membrane market looks promising with opportunities in various end users, such as pharmaceutical & biopharmaceutical companies, academic & research institutes, food & beverage companies, and hospital & diagnostic centers. The global track etched membrane market is expected to grow with a CAGR of 11% from 2020 to 2025. The major drivers for this market are increasing R&D spending in pharmaceutical and biopharmaceutical industries and rising application of nanotechnology.
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Track etched membranes are used for the purification of drugs and vaccines, fluid clarification, microscopy, bioassays, environmental analysis, and in bacterial quality control of food and water. Membrane filters and capsule and cartridge filters are the major products used as the purification membrane in the track etched membrane market. Lucintel forecasts that membrane filters will remain the largest product segment over the forecast period due to increasing applicability of membrane filters in sterilizing, final filtration, sample preparation, filtration of aqueous and organic solutions, fluid monitoring, and venting and gas filtration.
Within this market, pharmaceutical & biotechnology companies will remain the largest end user segment over the forecast period due to the growing research towards the development of biological molecules, increasing manufacturing of generic drugs in emerging countries, and stringent regulations imposed by governments and regulatory agencies to enhance the quality of pharmaceutical and biopharmaceutical products.
North America will remain the largest region over the forecast period due to the increasing health and environmental concerns, increasing adoption of laboratory filtration equipment, surge in the development of new biologics, and growing pharmaceutical research in the region.
Thermo Fisher Scientific, GE Healthcare, Danaher, Corning, Merck, it4ip, Sterlitech, Oxyphen, and Sarstedt are among the major suppliers in the global track etched membrane market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global track etched membrane market by product, material, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Track Etched Membrane Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global track etched membrane market by product, material, application, end user, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Membrane Filters
Capsule & Cartridge Filters
Other Track Etched Membrane Products
By Material [Value ($ Million) shipment analysis for 2014 – 2025]:
Polycarbonate
Polyethylene Terephthalate
Polyimide
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Cell Biology
Microbiology
Analytical Testing
Other Applications
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Pharmaceutical and Biopharmaceutical Companies
Academic and Research Institutes
Food and Beverage Companies
Hospital and Diagnostic Centers
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.