Global Market for Medical Membrane Devices to Reach Almost $37 Billion by 2023

Increased use of membrane diagnostic devices driving growth

March 25, 2019

WELLESLEY, Mass., March 25, 2019— A new report from BCC Research, “Medical Membrane Devices: Markets and Technologies” estimates that by 2023, the global market for medical membrane devices will reach $36.5 billion, up from $28.6 billion in 2018, indicating a compound annual growth rate (CAGR) of 5%.

Medical membrane devices are integral to modern healthcare. They have become indispensable tools in the diagnostic market, and are sold to hospitals, clinics, blood-handling facilities, physicians, nursing homes and pharmacies, as well as to home users or home-treated patients. 

Top leaders in the medical membrane devices market include: Baxter International (BAX), Fresenius Medical Care (FMS), B. Braun Medical and NxStage Medical.

Report Highlights

• Geographic market analysis. The U.S. is the largest geographical market for medical membrane devices, as it leads in developing innovations and techniques for better quality of treatment. By 2023, the U.S. market is expected to reach $14.37 billion, up from $11.24 in 2019, growing 5% annually.
• Market segment analysis. Diagnostic devices will continue to lead the medical membrane market. In 2017, it was worth more than $19.6 billion, and is expected to reach more than $25 billion by 2023, growing at a CAGR of 4.5%.
• Market consumer analysis. The home healthcare market is projected to grow annually between 2017 and 2023 by 8%, driven in part by the availability of medical membrane devices such as glucose meters and home hemodialysis systems. In turn, home healthcare is contributing to the growth of the market for medical membrane devices.

“Medical membrane devices have evolved tremendously in the past few years, but they still face tough competition in the broader healthcare marketplace,” said BCC Research analyst Andrew McWilliams. “New technologies and techniques are coming on the market, bringing alternatives that are both more advanced and cost effective.”

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Medical Membrane Devices: Markets and Technologies( MST043G )
Publish Date: Mar 2019    

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