The global hollow fiber filtration market is experiencing significant growth due to the growing demand for hollow fiber filtration across various industries such as biopharmaceutical filtration, food & beverage, and wastewater treatment. Hollow fiber filtration is widely used for concentration, fractionation, viral clearance, and polishing applications in the pharmaceutical industry. It provides effective and efficient separation with high throughput in compact space. The minimally invasive nature of hollow fiber filtration enables gentle and high-quality processing of heat-sensitive biomolecules without damaging their structural integrity.
The Global Hollow Fiber Filtration Market Size is estimated to be valued at US$ 395.2 MN in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global hollow fiber filtration market are Sartorius AG, Repligen Corporation, Danaher Corporation, Merck KGaA, Asahi Kasei Corporation, Parker Hannifin Corp, Cole Parmer, Sterlitech Corporation, Synder Filtration, Inc., Meissner Filtration Products, Inc., KURARAY CO., LTD., Evoqua Water Technologies LLC. , The Envirogen Group and Cobetter.
The key opportunities in the market include rising investments by major players to expand their presence and capabilities in emerging economies. Furthermore, growing demand for single-use hollow fiber filtration technologies from the biopharmaceutical industry is accelerating the market growth.
Global leaders are focusing on strategic agreements, partnerships, and collaborations to strengthen their geographic presence. For instance, Repligen Corporation acquired several companies to expand its product portfolio and global footprint.
Market drivers
The major market driver is the increased demand for hollow fiber filtration from the pharmaceutical and biotechnology industries. Hollow fiber filtration offers effective and gentle separation of heat-sensitive biomolecules in bioprocessing. Stringent regulatory norms regarding impurity levels in biologic drugs are further propelling the demand. Rising R&D investments by pharma companies and growing biologics market are anticipated to boost the hollow fiber filtration market over the forecast period.
PEST Analysis
Political: Regulations around biopharmaceutical processing and healthcare can impact the demand for hollow fibre filtration technology. Strict quality standards are required.
Economic: Fluctuations in healthcare budgets and spending on research can affect investments in new hollow fibre filtration products and capacity expansion.
Social: An aging population driving greater demand for new drugs and therapies treats more diseases, boosting the use of hollow fibre filtration in biopharmaceutical manufacturing.
Technological: Advancements in membrane material science allow for better separation performance. Automation and digital monitoring tools improve process control and yield.
The global hollow fiber filtration market in terms of value is concentrated in North America and Europe. Developed markets in these regions have established biopharmaceutical industries and a high acceptance of new drugs. Significant research and manufacturing activity takes place, relying on hollow fiber filtration for large-scale production. Asia Pacific is the fastest growing region for the global hollow fiber filtration market. Countries like China, India, and South Korea are expanding investments in biologics development and generic drug manufacturing. Their growing populations and economies increase the need for affordable medicines, driving local producers to adopt high-throughput hollow fiber filtration technology.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it