Increasing demand for therapeutics with high purity, rising production of generic drugs, and growing adoption of track etched membrane in food and beverage industry are key factors driving market growth
Market Size – USD 595.4 Million in 2020, Market Growth – at a CAGR of 11.6%, Market Trends – Growing use of track etched membranes in pharmaceutical industry
The global track etched membrane market size is expected to reach USD 1,432.5 Million by 2028 and register a CAGR of 11.6%, according to the latest report by Reports and Data. Rising adoption of track etched membranes in pharmaceutical and food and beverage industry, rapid technological advancements, and growing demand for high purity therapeutics and drugs are key factors expected to drive market revenue growth over the forecast period. In addition, increasing research and dev
elopment activities in the pharmaceutical sector and rising investment and funding for accelerating biopharmaceutical research are some other factors expected to drive market growth going ahead.
Track etched membranes are porous systems made of thin polymer foils that have pores from one surface to another. Track etched membranes can have a unique pore structure and are generally produced by ion bombardment of polymer films with heavy ions and their subsequent chemical etching. These membranes offer unique advantages over traditional membranes because of their precisely determined structure. Extensive research has been carried out to develop track etched membranes with enhanced properties and functions and this is expected to contribute to revenue growth of the market over the forecast period.
Track etched membranes find extensive usage in medical and pharmaceutical industry in purification of drugs and vaccines, obtaining blood plasma, and for bacterial quality control of food and water. These membranes are also used in analytical control of substances because of benefits such as no contamination and improved particle visibility. These key factors are expected to further fuel market growth over the forecast period. However, high costs of production and stringent regulations regarding manufacturing of tracked etched membranes are expected to hamper market growth to a certain extent over the forecast period.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
GE Healthcare, Danaher Corporation, Merck KGaA, Sartorius AG, Corning, Inc., it4ip S.A., Sterlitech Corporation, Eaton Corporation, Brand GmbH, Sabeu Plastik and Membrane Technologie, Zefon International, and Advantec MFS, Inc.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Track Etched Membrane market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Track Etched Membrane industry, the market is segmented into:
Product Outlook (Revenue, USD Million; 2018-2028)
Material Outlook (Revenue, USD Million; 2018-2028)
Application Outlook (Revenue, USD Million; 2018-2028)
End-use Industry Outlook (Revenue, USD Million; 2018-2028)
The regional analysis covers:
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