Lucintel Forecasts Track Etched Membrane Market to Grow at a CAGR of 10%-12%

According to the recent study the track etched membrane market is projected to grow at a CAGR of 10%-12% from 2020 to 2025. Growth in this market is primarily driven by increasing R&D spending in pharmaceutical and biopharmaceutical industries and rising application of nanotechnology.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in track etched membrane market by product (membrane filters, capsule & cartridge filters, and other track etched membrane products), material (polycarbonate, polyethylene terephthalate, and polyimide), application (cell biology, microbiology, analytical testing, and other applications), end user (pharmaceutical & biopharmaceutical companies, academic & research institutes, food & beverage companies, and hospital & diagnostic centers), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Membrane filters market is expected to remain the largest segment during the forecast period.”         

Based on product, the track etched membrane market is segmented into membrane filters, capsule & cartridge filters, and other track etched membrane products. Lucintel forecasts that the membrane filters market is expected to remain the largest segment during the forecast period due to increasing applicability of membrane filters in sterilizing, final filtration, sample preparation, filtration of aqueous and organic solutions, fluid monitoring, and venting and gas filtration.

“Within the track etched membrane market, the pharmaceutical and biotechnology companies segment is expected to remain the largest end user.”

Based on end user, the pharmaceutical and biotechnology companies segment is expected to witness the largest segment over the forecast period due to the growing research towards the development of biological molecules, increasing manufacturing of generic drugs in emerging countries, and stringent regulations imposed by governments and regulatory agencies to enhance the quality of pharmaceutical and biopharmaceutical products.

“North America will dominate the track etched membrane market in near future.”

North America is expected to be the highest growth over the forecast period over the forecast period due to the increasing health and environmental concerns, increasing adoption of laboratory filtration equipment, surge in the development of new biologics, and growing pharmaceutical research in the region.  

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Major players of track etched membrane market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Thermo Fisher Scientific, GE Healthcare, Danaher, Corning, Merck, it4ip, Sterlitech, Oxyphen, and Sarstedt are among the major track etched membrane providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/track-etched-membrane-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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