Hollow fiber filtration is a membrane filtration technique that uses bundles of narrow, flexible tubes (hollow fibers) to separate components in a fluid. It is commonly used for water purification, medical applications, and bioprocessing due to its high surface area and efficient separation capabilities.
Sizing and Forecast
The hollow fiber filtration market size has grown rapidly in recent years. It will grow from $0.54 billion in 2023 to $0.64 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to the growing emphasis on patient safety and infection control, increasing prevalence of chronic diseases, regulatory requirements regarding medication preparation and administration, growth in healthcare infrastructure, and increased healthcare spending globally.
The hollow fiber filtration market size is expected to see rapid growth in the next few years. It will grow to $1.23 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to growing preference for single-use medical devices to minimize contamination risks, modernization of healthcare facilities, rising aging population, heightened focus on infection control measures, and increasing trend towards home-based healthcare services. Major trends in the forecast period include integration of smart features, emphasis on sustainability in medical device manufacturing, innovation in safety features such as needlestick prevention mechanisms and ergonomic designs, integration of remote monitoring capabilities into filter needle devices, and integration of advanced technologies such as automation and connectivity.
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Segmentation & Regional Insights
The hollow fiber filtration market covered in this report is segmented –
1) By Membrane Material: Polysulfone (PS), Mixed Cellulose Ester, Polyvinylidene Difluoride (PVDF), Polyethersulfone (PES), Other Membrane Materials
2) By Technology: Microfiltration, Ultrafiltration, Other Technologies
3) By Application: Protein Concentration And Diafiltration, Cell Culture Harvest And Clarification, Virus Or Viral Vector Filtration, Raw Material Filtration, Other Applications
4) By End-Use: Pharmaceuticals, Biotechnology, Food And Beverages, Water And Wastewater Treatment, Other End-Uses
North America was the largest region in the hollow fiber filtration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hollow fiber filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing pharmaceutical industry is expected to propel the growth of the hollow fiber filtration market going forward. The pharmaceutical industry is the sector involved in the research, development, production, and marketing of medications and other healthcare products. The growth in the pharmaceutical industry is due to increased demand for healthcare, advancements in technology, and expanding markets globally. Hollow fiber filtration is employed in the pharmaceutical industry to efficiently separate and purify biomolecules, such as proteins and antibodies, during drug manufacturing processes. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade association, the pharmaceutical market value at ex-factory prices rose to $ 298.20 billion (€275 billion) in 2022 from $ 256.45 billion (€236.5 billion) in 2020. Further, research and development spending for pharmaceuticals increased to ($ 48.25 billion) €44.5 billion in 2022 compared to $42.72 billion (€39.4 billion) in 2020. Therefore, the growing pharmaceutical industry is driving the growth of the hollow fiber filtration market.
Key Industry Players
Major companies operating in the hollow fiber filtration market are Thermo Fisher Scientific Inc., 3M Company, Medtronic plc, Asahi Kasei Corporation, Toray Industries Inc., Baxter International Inc., Avantor Inc, Terumo Corporation, Sartorius AG, Nipro Medical Corporation, B. Braun Medical Inc., Cantel Medical Corporation, Repligen Corporation, Avanos Medical Inc., Isopure Corp, Medica S.p.A, Envirogen Group, Synder Filtration, Cole-Parmer Instrument Company LLC, Hongtek Filtration Co. Ltd.
The hollow fiber filtration market report table of contents includes:
1. Executive Summary
2. Hollow Fiber Filtration Market Characteristics
3. Hollow Fiber Filtration Market Trends And Strategies
4. Hollow Fiber Filtration Market – Macro Economic Scenario
5. Global Hollow Fiber Filtration Market Size and Growth
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32. Global Hollow Fiber Filtration Market Competitive Benchmarking
33. Global Hollow Fiber Filtration Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hollow Fiber Filtration Market
35. Hollow Fiber Filtration Market Future Outlook and Potential Analysis
36. Appendix
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