Global Medical Membrane Devices is projected to reach $29.4 billion by 2020

Date: 2016-01-11

Medical membrane devices represent a significant portion of the vast medical device industry. The medical membrane device industry experienced significant growth during the last decade due to an overall change in the global healthcare system. Demand for new techniques and diagnostic tools as well as the use of these devices in various procedures has allowed the market to grow even further. The objective in conducting this study is to provide an overview of the current and future characteristics of the global market for medical membrane devices. The study measures and forecasts the medical membrane devices market based on different types of membranes and their usage. Geographic analysis of all these markets is also provided in the study. 

– Global revenue for medical membrane devices totaled $25.2 billion in 2013 and $25.6 billion in 2014. The total market is projected to grow at a compound annual growth rate (CAGR) of 2.3% from 2015 through 2020 reaching $26.3 billion by 2015 and $29.4 billion by 2020.
– The U.S market is projected to grow at a CAGR of 2.4% from 2015 to 2020 and reach $10.3 billion by 2015 and nearly $11.6 billion by 2020 from $9.9 billion in 2014.
– The European market is projected to reach $8.6 billion by 2015 and $9.6 billion by 2020. It is projected to increase at a CAGR of 2.2% from $8.4 billion in 2014.

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