Membrane Technology in Pharma, Biopharma, And Life Science Market Global Membrane Technology | Page 2

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Variant Market Research
Description: Global Membrane Technology in Pharma, Biopharma, and Life Science Market is estimated
to reach $16,375 million by 2024; growing at a CAGR of 9.3% from 2016 to 2024. Membrane technology
is a separation process by using specific semi-permeable membrane filters to fractionate or concentrate
a liquid converted into two liquids forms. It has transformed from laboratory development to
demonstrated industrial applications. Membranes are used extensively for, potable water production,
desalination, water reclamation, treating industrial effluents, and reuse. Applications of membrane
technology in pharmaceutical, biopharmaceutical and life sciences industries include, drug screening, cell
culturing, lab-scale DNA & protein analysis, separation & examination, and virus removal. Nowadays,
novel development in membrane technology has provided stimulus growth in membrane industry
essentially submerged filtration for treating municipal water.
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Global Membrane Technology in Pharma, Biopharma, And Life Sciences Market Size and Forecast,
2015 - 2024 (US$ Million)
Rising usage of single-use disposables technology, increasing use of membrane filtration, and purification
of macromolecular mixture in food as well as drug industries are the major factors driving the growth of
the membrane technology market. Moreover, stringent regulation, technological advancements also
boosts the growth of the market. However, high capital investments and operational cost may be
hindering the growth of the market. Furthermore, growing level of production, increasing financing in
R&D activities in the field of pharmaceutical, bioscience, and life science would provide attractive business
opportunity in the near future.