MEDICAL MEMBRANE MARKET ANALYSIS

Regional Analysis

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. For instance, according to the National Institute of Diabetes and Digestive and Kidney Disease 2016 report, more than 661,000 Americans were suffering from kidney failure problems and out of these 468,000 individuals were on dialysis. Moreover, the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), aims to reduce the mortality and morbidity linked with the kidney disease by introduction of the initiative National Kidney Disease Education Program.

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.