SOURCE: MarketResearch.com

MarketResearch.com

February 28, 2012 07:08 ET

Market Research Projects Medical Membrane Devices Market Growth at $2.9 Billion by 2016

ROCKVILLE, MD--(Marketwire - Feb 28, 2012) - MarketResearch.com has announced the addition of the new report "Medical Membrane Devices: Markets and Technologies," to their collection of Medical Devices market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Medical-Membrane-Devices-Technologies-6820576/

The membranes used in medical devices work in tandem with other materials and processes, adding critical functionality and value. To clarify the dynamic, the report addresses the membrane component of each sector in context with the market dynamics of the overall technology. The report includes comparison of costs for various membrane materials and devices. Current and potential market players are identified and examined.

The U.S. medical membrane device market was valued at $2.1 billion in 2010 and is expected to be nearly $2.2 billion by the end of 2011. This market is forecast to grow to $2.9 billion by 2016, a compound annual growth rate (CAGR) of 5%.

The technology-driven products blood/apheresis microfilters and diagnostic devices have a combined value of $1.4 billion in 2011. This market is expected to reach nearly $1.9 billion, with a projected 6.2% CAGR through 2016.

Market-driven devices were worth $819 million in 2011. BCC expects this market to increase to $944 million in 2016, a CAGR of 2.9% over the five year period.

For more information, visit http://www.marketresearch.com/BCC-Research-v374/Medical-Membrane-Devices-Technologies-6820576/

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