Global Nanoporous Membranes Market is expected to surpass US$ 2056.2 million by 2030, exhibiting a CAGR of 9.5% during the forecast period (2023-2030).
Nanoporous membranes are made from a wide range of organic and inorganic materials. Inorganic nanoporous materials with well-ordered pores have garnered more attention for biomedical applications, while polymeric materials are used for commercial filtration applications. Common polymers used for this purpose include polycarbonate, polyethylene terephthalate, and polysulfone. Some of these nanoporous materials can even be combined into composite membranes. These materials can provide improved selectivity and stability. Applications of nanoporous membranes include drug delivery, tissue regeneration, and smart implantable drug delivery systems. These materials mimic the natural filtration systems in the body. Moreover, nanoporous membranes are used in bioartificial organs. They are also being used in immunoisolation devices.
Key Trends and Analysis of the Global Nanoporous Membranes Market:
Increasing government initiatives for medical membrane could act as a trend for market. For instance, the Food and Drug Administration has been encouraging pharmaceutical companies to use advanced manufacturing concepts. Through enhanced approval procedures, the FDA encourages innovation in the industry. This is attributed to the high incidence of chronic diseases and the need for better diagnosis facilities.
Rapid growth in food processing industry due to increasing trend of consuming processed & convenience food and growing disposable incomes of consumers are expected to shape the market growth positively. In food industry, Nanoporous membrane-based impedimetric immunosensor are widely used for label- free detection of foodborne pathogens, such as Escherichia coli O157:H7, and Staphylococcus aureus, via electrochemical impedance spectrum.
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Key Takeaways of the Global Nanoporous Membranes Market:
The global Nanoporous Membranes Market was valued at US$ 1010 Mn in 2021 and is forecast to reach a value of US$ 1745 Mn by 2030 at a CAGR of 7.52% between 2022 and 2030.
Organic segment held dominant position in the global Nanoporous Membranes Market in 2021, accounting for 64% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Nanoporous Membranes Market - Impact of Coronavirus (COVID-19) Pandemic
The global mining industry was severely hit by the COVID-19 pandemic, with mines, ports, rail and other transportation infrastructure shut down, shipments trapped at sea or captured in port, and uneven restrictions enforced from country to country, thereby impacting the fluorspar mining sector. However, despite the impact in 2020, the global mining economy ended the year and began 2021 on a high note, continuing to make significant contributions to the global economy.
Global Nanoporous Membranes Market: Recent Developments