Friar Lane, United Kingdom, July 08, 2016 --(PR.com
)-- According to a recently published report, the global Medical Membrane Market is expected to grow at a CAGR of 10.2% for the forecast period 2016-2022. The segmentation of global medical membrane market is based on applications, chemistry, technology and region. The report on global medical membrane market forecast, 2016-2022 (applications, chemistry, technology and geography) provides a detailed overview and predictive analysis of the market.
The global medical membrane market is expected to have high growth rate in merging economies of Asia Pacific and Africa. The major key drivers of the global medical membrane market is increasing incidences of diabetes, kidney diseases and end-stage renal disease (ESRD). According to the International Diabetes Federation (IDF), in 2015 there were around $673 billion spent on 415 million diabetes patients worldwide and the number of patients is expected to rise up to 642 million by 2040. South East Asia, will have the highest number of diabetes patients by 2040, approximately 140.2 million. Membranes are majorly used in the medical sector to meet the increased demand of high purity components. Membranes offer high permeability and selectivity, thus providing additional advantage. In addition, increase in healthcare, pharmaceutical, and biotechnology industries, development of new innovative products due to technological advancements, increasing use of single-use disposable products, increasing patient base in emerging economies and the rise in requirement of selective separation along with high level of purity are few factors which are accelerating the growth of global medical membrane market. However a few factors that are hampering the growth of the global medical membrane market are less life span of membranes due to membrane fouling, financial challenges such as high capital & operation cost, limitations of membrane materials and long in process validation process.
Detailed study on this Report: http://www.briskinsights.com/report/medical-membrane-market