At CAGR of 14.5% - The Hollow Fiber Filtration Market worth $597 million by 2026 Globally - Exclusive Report by MarketsandMarkets™

MarketsandMarkets Research Pvt. Ltd.
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MarketsandMarkets Research Pvt. Ltd.MarketsandMarkets Research Pvt. Ltd.
MarketsandMarkets Research Pvt. Ltd.

Chicago, Jan. 31, 2023 (GLOBE NEWSWIRE) -- According to the new market research report "Hollow Fiber Filtration Market by Material (Polymer (PES, PVDF), Ceramic), Technique (Microfiltration, Ultrafiltration), Application (Harvest & Clarification, Concentration, Diafiltration), End Users (Pharma, Biotech, CRO, CMO) - Global Forecast to 2026", The global hollow fiber filtration market is projected to reach USD 597 million by 2026, growing at a CAGR of 14.5% during the forecast period.

Browse in-depth TOC on "Hollow Fiber Filtration Market"
638 - Tables
52 - Figures
555 - Pages

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Scope of the Report:

Report Coverage

Details

Market Size

USD 597 million by 2026

CAGR

14.5%

Historical Data

2019–2026

Base Year

2020

Forecast Period

2021-2026

Forecast Units

Value (USD Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Material, Application, Technique, End User, and Region

Geographies Covered

North America, Europe, APAC, LATAM, and MEA

Key Companies Profiled/Vendors

The major market players include Repligen Corporation (US), Danaher (US), Asahi Kasei Corporation (Japan), Parker-Hannifin Corp (US), Sartorius Stedim Biotech S.A (France), TOYOBO CO., LTD (Japan), Cantel Medical (US), Kuraray Co., Ltd. (Japan), Koch Industries Inc. (US), MANN+HUMMEL Holding GmbH (Germany), CoorsTek, Inc. (US),  Alpha Plan GmbH (Germany), Antylia Scientific (Germany), Meissner Filtration Product, Inc (US), MMS Membrane System (Switzerland), BiOZEEN Pvt. Ltd. (India), Biotree (India), and APAH technologies (India).

Key Market Opportunities

Emerging economies

Key Market Drivers

Growth in the biopharmaceutical industry

The growth of the global hollow fiber filtration market is driven by factors such as the rising preference for continuous manufacturing, increasing use of single use technologies, and growth in the biopharmaceutical industry. In addition, emerging economies, and increased investment cell-based research are expected to provide significant growth opportunities for players in the hollow fiber filtration market.

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Based on material, the hollow fiber filtration market is segmented into polymeric and ceramic filters. The polymeric segment is further sub segmented into polysulfide/polyethersulfone (PS/PES), polyvinylidene fluoride (PVDF), and other polymeric materials (cellulose & cellulose acetate, mixed cellulose ester, and polypropylene). In 2020, the polymeric segment accounted for the largest market share of the hollow fiber filtration market. The large share of this segment is primarily attributed to the hydrophilic nature of PES/PS, low protein-binding properties, and its wide range of applications.

Based on application type, the hollow fiber filtration market is segmented into continuous cell perfusion, harvest and clarification, and concentration and diafiltration. In 2020, continuous cell perfusion accounted for the largest market share due to the advantages of hollow fibers in continuous cell perfusion, such as enabling efficient cell separation (with low shear) and allowing robust large-scale manufacturing.

Based on application, the hollow fiber filtration market is segmented into microfiltration and ultrafiltration. In 2020, the microfiltration segment accounted for the largest share of the global hollow fiber filtration market due to the availability of a wide range of pore sizes which have vast applications such as separation of a virus, bacteria, aerosols, and innumerable macromolecules from fluids, without the requirement of autoclaving a procedure.

Based on end users, the hollow fiber filtration market is segmented into pharmaceutical and biotechnology manufacturers, contract research organizations (CROs) & contract manufacturing organizations (CMOs), and other end users.  In 2020, the pharmaceutical and biotechnology manufacturers segment accounted for the largest share of the hollow fiber filtration market. The large share of this segment is attributed to the increasing demand for hollow fiber filters in ultrafiltration, diafiltration, and microfiltration processes in biopharmaceutical manufacturing and the growing adoption of continuous manufacturing processes (due to advantages such as improved manufacturing process efficiency and flexibility).

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Geographical Growth Scenario:

North America accounted for the largest share of the hollow fiber filtration market in 2020. The large share of this region can be attributed to the companies in North America mainly focusing on new products such as perfusion systems, convenience, and cost-efficiency of hollow fiber filters and the rising demand for filtration systems for the biopharmaceuticals industry.

Key Players:

Prominent players in the hollow fiber filtration market are Repligen Corporation (US), Danaher (US), Asahi Kasei Corporation (Japan), Parker-Hannifin Corp (US), Sartorius Stedim Biotech S.A (France), TOYOBO CO., LTD (Japan), and Cantel Medical (US). The key players in this market are focusing on strategic expansions, and acquisition to expand their presence in the market.

Browse Adjacent Markets: Biotechnology Market Research Reports & Consulting

Browse Related Reports:

Pharmaceutical Filtration Market

Tangential Flow Filtration Market

Laboratory Filtration Market

Sterile Filtration Market

Pharmaceutical Membrane Filtration Market

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com


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