The global hollow fiber filtration market size is expected to reach USD 881.53 Million by 2028 at a CAGR of 13.8%, according to the latest report by Reports and Data. Growing demand for biopharmaceuticals, increasing research and development activities for biologics, and rapid adoption of continuous manufacturing techniques across various industries are key factors expected to drive market revenue growth over the forecast period. Growing progress in bioprocessing, availability of skilled professionals, and increasing opportunities in biopharmaceutical sector are also expected to drive market growth over the forecast period.
Hollow fiber is the most widely used membrane in industrial applications, particularly in filtration. Hollow fibers have a membrane coated on the outside of a porous support. Hollow fiber bioreactors, which are largely used in medical industry, are made from cellulose and synthetic polymers. Hollow fiber membranes also have a very high packaging density due to its small strand diameters that allow specific filter configuration. Application has been increasing in various end-use industries and this is expected to contribute significantly to revenue growth of the market over the forecast period. In addition, hollow fibers systems are small tubes that can be filled with drug solutions. The fiber wall is equipped with permeable membrane that is highly effective in controlled release of drugs and this is expected increase its adoption in pharmaceutical industry and drive market growth going ahead.
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Some Key Highlights From the Report:
- Microfiltration segment is expected to account for largest revenue share in the global market owing to increasing use of hollow fiber filters with microfiltration in various processes in biopharmaceutical sectors such as clarification, purification of cell broths, and separation of macromolecules, among others.
- Polymeric segment is expected to register significant revenue growth over the forecast period, attributable to increasing use if polymeric hollow fiber filters in ultrafiltration and microfiltration.
- Perfusion segment is expected to register considerable revenue growth over the forecast period owing to increasing need for continuous cell perfusion systems to reduce operational and production costs and time.
- Pharmaceutical manufacturers segment is expected to account for largest revenue share in the global market over the forecast period, attributable to increasing demand for biologics, rising drug discovery and development activities, and rapid adoption of continuous manufacturing techniques.
- North America is expected to account for largest revenue share in the global market over the forecast period owing to fast-paced development of advanced products such as perfusion systems, growth of biopharmaceutical sector, and increasing adoption of advanced manufacturing technologies.
- Prominent companies in the market include Asahi Kasei Corporation, Repligen Corporation, GE Healthcare, Danaher Corporation, Parker-Hannifin Corporation, Koch Membrane Systems, Inc., Watersep Bioseparation Corporation, Toyobo Co., Ltd., Microdyn-Nadir GmbH, Cantel Medical Corporation, and Coorstek, Inc.
- In December 2020, Xiami launched the Xialolang Ultrafiltration Water Purifier equipped with ultrafiltration membrane instead of RO membrane. The ultrafiltration membrane uses a high-efficiency hollow fiber membrane as its core filter later which has a filtration accuracy of 0.1um.
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For the purpose of this report, Reports and Data has segmented the global hollow fiber filtration market based on technique, material, application, end-use industry, and region:
Technique Outlook (Revenue, USD Million; 2018-2028)
- Microfiltration
- Ultrafiltration
- Reverse Osmosis
Material Outlook (Revenue, USD Million; 2018-2028)
- Polymeric
- Ceramic
Application Outlook (Revenue, USD Million; 2018-2028)
- Harvest Clarification
- Concentration
- Perfusion
End-use Industry Outlook (Revenue, USD Million; 2018-2028)
- Pharmaceutical Manufacturers
- CROs
- CMOs
Regional Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register highest market growth over the forecast period attributed to increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.
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Growing popularity of over-the-counter medications driving market growth
Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.
Restriction on product launches and RD activities to hamper market growth
Imposition of strict government regulations and shortage of funds have put a halt on the product launches and RD activities and are expected to restrain market growth over the forecast period. In addition, launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering market growth.
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