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Medical Membrane Market Demands and Growth Prediction 2018 to 2026 With Top Players Nipro Corporation, Amniox, Pall Corporation, Sorin Group, Gore, Maquet Company, Merck Millipore
Medical Membrane
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Medical Membrane Market Dynamics
Increasing prevalence of naïve infectious chronic diseases such as chronic kidney disease around the globe is the major factor propelling demand for medical membrane. For instance, according to the National Kidney Foundation 2018, data around 10% of the worldwide population was affected by chronic kidney disease. Moreover, increasing government initiatives in research and development, advancement in healthcare industry, biotechnology, and increasing adoption of medical membranes in several industries are key factors driving growth of the medical membrane market. For instance, according to a 2016, United States Government Accountability Office report, National Institute of Health funding for biomedical research on kidney disease was US$ 564 million in 2015.
Medical Membrane Market – Competitive Landscape
The key players operating in the global medical membrane market include Nipro Corporation, Amniox, Pall Corporation, Sorin Group, Gore, Maquet Company, Merck Millipore, and others. Key players are introducing new products, technologies in order to maintain leading position in the market. For instance, in 2014, Merck Millipore Launched Synthetic Membrane Model Strat-M for in vitro transdermal diffusion studies.
Medical Membrane Market – Regional Insights
On the basis of region, the global medical membrane market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America accounted for the largest market share in terms of revenue in the medical membrane market, owing to increasing awareness among the people, availability of better medical facilities, high adoption of the innovative products and increasing prevalence of chronic kidney disorder among the population.
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Asia Pacific region is expected to witness significant growth, owing to presence of large population prone to various chronic and infectious diseases. Therefore, introduction of innovative techniques are expected to provide better solutions to the patient at the low costs. Medical membrane market is growing at significant rate in the Asia Pacific region, owing to increasing manufacturing facilities to meet increasing demand from end users. For instance, Medtronic opened its new manufacturing facility in China in 2014, in which the company will be focusing most of its hemodialysis system products manufacturing.
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