Track etched membrane market accounted for US$526.7 Million in 2019 and is estimated to be US$1489.1 Million by 2029 and is anticipated to register a CAGR of 11.1%.

 

Track Etched Membrane Market accounted for US$526.7 Million in 2019 and is estimated to be US$1489.1 Million by 2029 and is anticipated to register a CAGR of 11.1%.

The report "Global Track Etched Membrane Market, By Product (Membrane Filters, Capsule & Cartridge Filters, and Other Track Etched Membrane Products), By Material (Polycarbonate, Polyethylene Terephthalate, and Polyimide), By Application (Cell Biology, Microbiology, Analytical Testing, and Other Applications), By End-user (Pharmaceutical and Biopharmaceutical Companies, Academic and Research Institutes, Food and Beverage Companies, and Hospital and Diagnostic Centers), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

·         In June 2020, ThermoGenesis Holding, Inc. announced Corning's Commercial launch of the X-SERIES cell processing products developed by ThermoGenesis.

·         In April 2019, Sterlitech expanded its flat sheet membrane selection with new membranes from Microdyn-Nadir. The MF01 microfiltration membrane has various applications, especially for the food and dairy industries.

Analyst View:

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the production segment. Government across the countries has imposed strict lockdown to limit the spread of disease. However, increasing investments by prominent players and other industries has created growth opportunities, during this chaotic situation, to fulfill the demand of suppliers. This report will quantify the impact of this pandemic on the track etched membrane market.

Factors such as an increase in research, an increase in demand for therapeutics, and technological advancements are the major drivers for the global track-etched membrane market. In addition, mergers and acquisitions, rise in collaboration between private and public organizations, and an increase in the adoption of track-etched membranes in the food industry are other factors boosting the growth of the target market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Track Etched Membrane Market”, By Product (Membrane Filters, Capsule & Cartridge Filters, and Other Track Etched Membrane Products), By Material (Polycarbonate, Polyethylene Terephthalate, and Polyimide), By Application (Cell Biology, Microbiology, Analytical Testing, and Other Applications), By End-user (Pharmaceutical and Biopharmaceutical Companies, Academic and Research Institutes, Food and Beverage Companies, and Hospital and Diagnostic Centers), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:        

The global track etched membrane market accounted for US$526.7 Million in 2019 and is estimated to be US$1489.1 Million by 2029 and is anticipated to register a CAGR of 11.1%. The market report has been segmented on the basis of product, material, application, end-user, and region.

·         Depending upon product, the global business is categorized into membrane filters, capsule & cartridge filters, and other track etched membrane products.

·         Depending upon the material, the polycarbonate track etched membranes segment is projected to dominate the target market over the forecast period. This is attributed because of growing adoption of these membranes in cell biology and analytical testing. In addition, increasing applications in research and academic institutes and in food industries and pharmaceutical are also driving growth of this segment.

·         In terms of application, the cell biology segment dominated the target market in 2019. The rising funding for cell-based research, the growing adoption of cell culture-based vaccines, increasing demand for monoclonal antibodies, and the launch of advanced cell culture products are factors expected to drive the cell biology segment.

·         By end-user, the academic and research institutes segment is projected to command for the highest share of the Track Etched Membrane market in 2019. This is because of growing financial support from government as well as private institutes for life science research in various nations.

·         By region, North America is projected to account for the highest share of the overall track-etched membrane market in the upcoming years, followed by Europe. This is mainly because of the presence of major manufactures in the regions. In addition, a rise in the number of research centers, growth in mergers and acquisition among analytical instrumentation companies, and an increase in applications of track-etched membranes in the food industry for improving quality are influencing the growth of the market in these regions. On the other hand, Asia Pacific is projected to grow at a higher rate over the forecast period. The rapid expansion of the biopharmaceutical industry, different strategies of prominent players with regional manufacturers and distributors to strengthen their geographical footprint are promoting the growth of the market in the Asia Pacific.

Competitive Landscape:

The prominent player operating in the global track etched membrane market includes GE Healthcare, Danaher, Merck, Corning, it4ip SA, BRAND GMBH, Sterlitech, Oxyphen AG, Sarstedt, Sartorius, and SABEU.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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