Despite featuring a largely fragmented vendor landscape, the global market for membrane separation witnesses a strong grasp of large players operating internationally, notes a recent market research report by Transparency Market Research. Small-scale vendors in the market have a good hold on a few end-use industries in regional pockets but large vendors, such as Koch Membrane Systems Inc. and The Dow Chemical Company continue to set their dominance with the help of vast product portfolios, well-established delivery channels, and good brand equities.
Companies are also ploughing in increased resources into R&D activities to come up with innovative and more reliable membrane separation systems to make the most of changing consumer demands and serve new application areas. Other leading vendors in the market are 3M, GE Healthcare, Pall Corporation, Novasep, Sartorius AG, Amazon Filters, Merck Millipore, Advantec MFS Inc., and TriSep Corporation.
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According to the report, the global membrane separation market will expand at a promising 9.3% CAGR from 2017 to 2025, rising to a revenue opportunity of US$61,801.9 mn by 2025 from US$28,134.4 mn in 2016.
Microfiltration Technology Acquires Maximum Revenue Share
In terms of technology, the report observes that the microfiltration technology accounted for the dominant share in the global revenue in 2016, thanks to the massive use of the technology in the biopharmaceutical industry. However, the segment is likely to show sluggish growth over the next few years owing to stagnant growth opportunities in developed regions and the introduction of newer and more effective varieties of membrane separation systems.
From a geographical standpoint, the market in Europe is presently the leading revenue contributor to the global membrane separation market and is likely to account for a promising share in the overall market over the forecast period as well. However, the market in Asia Pacific is expected to emerge as the regional market with the most promising growth avenues owing to the increased focus of municipalities on reusing the large quantities of wastewater generated from the region’s thriving industrial sector.
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Increased Focus of Municipal Bodies on Wastewater Management to Drive Market
One of the key factors working in favor of the global membrane separation market is the increased focus of municipal corporations across the globe on the establishment of wastewater treatment plants to save the wastage of industrial waste water that can be reused for a variety of purposes. This is particularly true for emerging economies that are witnessing a massive rise in industrialization activities and significant rise in population, making wastewater treatment and reuse all the more important.
The vast benefits of membrane separation technology as compared to other separation technology, such as highly organized operation, no use of chemicals for separation, and low consumption of energy, also work on the market’s favor. Apart from this, a vast rise in awareness programs regarding the pressing need for reusing and treating wastewater so as to survive the intensifying issue of water shortage is also expected to aid the growth of the market. However, the high costs associated with operations and establishment of membrane separation plants and the availability of other separation technologies could act as deterrents to the growth of the market.
This analysis of the global membrane separation market is based on a recent market research report by Transparency Market Research, titled “Membrane Separation Systems Market (Technology – Microfiltration, Ultrafiltration, Nanofiltration, Reverse Osmosis, Chromatography, and Ion Exchange; Application – Environmental, Food & Beverages, and Healthcare; Material – Polyethersulfone, Polysulfone, Cellulose Based, Nylon, Polypropylene, Polyvinylidene Fluoride, Polytetrafluoroethylene, Polyacrilonitrile, and Polyvinyl Chloride) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”
For the study, the market has been segmented as follows:
Global Membrane Separation Systems Market, by Technology
- Reverse Osmosis
- Ion Exchange
Global Membrane Separation Systems Market, by Applications
- Food & Beverages
- Others (energy, electrical and electronics, mining, dairy, chemical processing)
Global Membrane Separation Systems Market, by Material
- Polyethersulfone (PES)
- Polysulfone (PS)
- Cellulose Based
- Polypropylene (PP)
- Polyvinylidene Fluoride (PVDF)
- Polytetrafluoroethylene (PTFE)
- Polyacrilonitrile (PAN)
- Polyvinyl Chloride (PVC)
Global Membrane separation systems Market, by Geography
- North AmericaU.S.
- Rest of Europe
- Asia Pacific (APAC)China
- Australia & New Zealand
- Rest of APAC
- Latin America (LATAM)Brazil
- Rest of LATAM
- Middle East & Africa (MEA)South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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In accordance with the statistics of TMR, the U.S. population health management solutions market could earn revenue of around US$ 45.7 bn by the year 2023 at a CAGR of 23.9% over the forecast timeframe that extends from the year 2015 to 2023. By the type of source, the services market is expected to achieve a higher growth rate between the year 2015 and 2023.
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Bottom of Form
Government Policies to Fuel Market Demand
The demand pertaining to the U.S. population health management solutions market is expected to gain momentum at the back of the robust enforcement of beneficial healthcare acts in the US. The demand for population health management solutions in the U.S. are expected to be encouraged by the soaring prevalence of chronic ailments in the US. Apart from this, the expanding size of the base of geriatric population in the country is likely to result in the augmented demand of the market. The regional market of North America is likely to be a popular choice for population health management solutions, taking into consideration the increase in total spending on healthcare in the last few years. This would offer an impetus to the said market.
There has been a growing demand for the implementation of effective and efficient population health management solutions owing to the alarming rise in the expenses related to healthcare. The U.S. government could, however, resort to the precise tracking of the health of the population. There could be a need for population health management solutions for the purpose of accomplishing the requirement to come up with healthcare enterprises that are patient-centric and organize an efficient population health management practices. As such, providers of healthcare are expected to incorporate population health management solutions at an increased rate.
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Expanding Geriatric Population to Impact Market Positively
The market for population health management market in the U.S. has been classified on the basis of mode of operation, end user, and type of source. On the basis of source, population health management software and the population health management services are the two of the significant market categories of the population health management market in the U.S. Of the two the classifications, the category of population health management services is very likely to secure the foremost position in the said market. The fast advancement of this segment can be linked to the increasing requirement for high productivity and cost effectiveness that is being given by the population health management services.
On the basis of end user, the market for U.S. population health management has been classified into diagnostic and imaging centers, medical device organizations, government insurance providers, research institutes, employers, pharmaceutical companies, private insurance providers, and healthcare providers. Of all of these categories, healthcare providers are poised for substantial growth during the period of forecast.
Increased expenditure on healthcare, private investments, and soaring consciousness regarding health in the domain of population health management solutions in the U.S. are attributed with the distinct progress of this market category. Furthermore, the increasing elderly population base across the country is also fuelling the improvisation and implementation of population health management solutions by the healthcare providers.
The information shared that ahs been in this review is based on a TMR report, titled, “U.S. Population Health Management Solutions Market: (By Source: Software and Services; By Mode of Operation: Premise-based, Cloud-based, and Web-based; By End-user: Health Care Providers, Government Insurance Providers, Private Insurance Providers, Pharmaceuticals Companies, Medical Device Organizations, and Others (employers, diagnostic and imaging centers, and research institutions)) – Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023”
For the study the market has been segmented as follows:
U.S. Population Health Management Solutions Market Segmentation
- By SourceSoftware
- By Mode of OperationPremise-based
- By End UserHealthcare Providers
- Government Insurance Providers
- Private Insurance Providers
- Pharmaceuticals Companies
- Medical Device Organizations
- Employers, Diagnostic and Imaging Centers, and Research Institutions
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