“The Medical Filter Market was estimated at US$ 1.8 billion in 2023 and is expected to grow at a CAGR of 6.1% during 2024-2030 to reach US$ 2.7 billion by 2030.”
Market Dynamics
Introduction
A medical filter is a component that removes unwanted solid particles, admixtures, and other unwanted matters from a gaseous or liquid medium by providing a barrier commonly referred to as a filter media, through which the gas or liquid is passed. Filters play an important role in medical procedures by preventing harmful substances from entering the circulation or organs.
Some key medical filters include inferior vena cava, hemodialysis, blood filters, transfusion, and pulmonary artery filters.
Market Drivers
Key factors driving the demand for medical filters are an increase in demand for medical devices due to the emergence of the pandemic, the growing incidence of chronic diseases (cardiovascular diseases and chronic kidney disease), advancement in minimally invasive surgical techniques, increasing healthcare infrastructure, and growing emphasis on patient safety.
Segments Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Application Type
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High-Value Consumables, Low-Value Consumables, Medical Equipment, and IVD
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Low-value consumables are expected to be widely used in the coming years.
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Media Type
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Hydrophobic Membranes, Hydrophilic Membranes, and Others
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Hydrophobic membranes are likely to remain the dominant media of the market during the forecast period.
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Medium Type
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Gas and Liquid
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Gas is anticipated to hold the larger share of the market during the forecast period.
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Usage Type
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Disposable and Reusable
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Disposable type is expected to hold the majority share of the market during the forecast period.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is likely to maintain its reign over the forecast period.
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By Application Type
“Low-value consumables are expected to be the dominant application of the market.”
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The medical filter market is segmented into high-value consumables, low-value consumables, medical equipment, and IVD.
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Low-value consumable filters are used in large quantities across a wide range of medical procedures and treatments, and most of them are single-use due to contamination risks. They are cost-effective and play a critical role in routine medical procedures, and widespread applications across the medical industry.
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Key low-value consumable filters include IVC filters, dialysis filters, blood transfusion filters, surgical filters, etc.
By Media Type
“Hydrophobic membrane is expected to remain the dominant and fastest-growing media of the market during the forecast period.”
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The market is segmented into hydrophobic membranes, hydrophilic membranes, and others.
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Hydrophobic membranes have unique water-repellent properties which makes them ideal for filtering gases only. Its other properties include compatibility with biocompatible materials, durability, and the ability to block moisture drives its usage in a wide range of devices. Key applications of hydrophobic membranes include ventilator systems, CPAP machines, surgical filters, intravenous (IV) filters, and catheter filters, etc.
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Hydrophilic membranes have a high affinity for water, and it is used for filtering liquid only.
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PTFE is a majorly used material for manufacturing hydrophobic membranes, whereas PES is majorly used for hydrophilic membranes.
By Medium Type
“Gas medium is expected to lead the market as the most preferred medium during the forecast period.”
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The medical filter market is segmented into gas and liquid mediums.
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Gas medium is expected to lead the market during the forecast period owing to the requirement of clean, containment-fee air, and gases in various applications. They are widely used in ventilation systems, anesthesia machines, sterile gas filtration in surgical procedures, oxygen therapy devices, etc.
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Key applications of liquid medium filters are intravenous (IV) therapy, hemodialysis, infusion pumps, and blood transfusion.
By Usage Type
“Disposable usage type is expected to hold a prominent position in the market during the forecast period.”
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The medical filter market is segmented into disposable and reusable usage types.
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Disposable filters are widely used in critical care environments, home healthcare, and other important applications owing to their cost-effectiveness, ease of use, compliance with stringent regulations, infection control, and patient safety properties.
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The development of eco-friendly disposable filters made from biodegradable or recyclable materials is making disposable filters an attractive option in the market.
Regional Analysis
“Asia-Pacific is expected to remain the dominant and fastest-growing region during the forecast period.”
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In terms of region, the medical filter market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
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Asia-Pacific is the largest market for medical filters owing to growing healthcare infrastructure; a rapidly growing aging population, which causes a higher rate of chronic diseases; rising medical device manufacturing in China and Japan; higher demand for disposable medical devices after COVID-19; an increase in healthcare expenditure; and technological advancement.
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North America is another major market for medical filters, particularly the USA and Canada, which boast an advanced healthcare infrastructure that requires high demand for medical filters.
Key Players
The market is fragmented with the presence of over 50 players. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc.
The following are the key players in the medical filter market (based on dominance).
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the Medical Filter Market
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How lucrative is the future?
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The market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market Segment Analysis and Forecast
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Who are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirements?
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10% free customization
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Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s medical filter market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
Recent Market News
Some strategic alliances, including M&As, JVs, etc. have been performed over the past few years:
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In January 2015, Medtronic, Inc. acquired an Irish MedTech firm Covidien, and formed a new entity named Medtronic PLC, which held the major share in the USA and European medical market.
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In May 2023, Cytiva and the life science business of Pall Corporation completed their integration and united as one business under the Cytiva brand. Pall’s biotech portfolio is now under Cytiva’s bioprocess business.
