Global Hollow Fiber Filtration Market Size (2024 - 2029)

The hollow fiber filtration market is anticipated to experience significant growth, driven by the increasing demand for biopharmaceuticals and the essential role of filtration in vaccine development and drug manufacturing. The market's expansion is supported by heightened investments in research and development within the biopharmaceutical sector, as well as the rising number of approved biopharma products globally. Despite these positive trends, the market's growth may face challenges due to stringent government regulations concerning drug safety.

Home Market Analysis Healthcare Research Medical Devices Research Medical Supplies Research Medical Consumables Research Laboratory Supplies Research Global Hollow Fiber Filtration Market Market Size

Market Size of Global Hollow Fiber Filtration Industry

Hollow Fiber Filtration Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 14.10 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Hollow Fiber Filtration Market Major Players

*Disclaimer: Major Players sorted in no particular order

Hollow Fiber Filtration Market Analysis

The Hollow Fiber Filtration Market is projected to register a CAGR of 14.1% during the forecast period (2022-2027).

Amid COVID-19 phase, the hollow fiber filtration market is expected to grow owing to the rising cases of infectious diseases among the population. An increase in the demand for vaccines and treatment drugs for COVID-19 is a driving factor for the growth of the hollow fiber filtration market. According to the article titled "An overview of current Covid-19 vaccine platforms" published by the Computational and Structural Biotechnology Journal in May 2021, there were 184 vaccine candidates in preclinical testing and another 88 vaccine candidates in clinical phases. The hollow fiber filtration method is a crucial process in the downstream process for the recovery of the COVID-19 vaccine candidates as the hollow fiber filtration favors high selectivity and effective vaccine candidates. Hence, COVID-19 is assumed to increase the demand for the hollow fiber filtration techniques throughout the pandemic phase.

The increasing investment in the research and development of the biopharmaceutical industry is one of the major factors driving the market's growth. The growing demand for biopharmaceutical drugs coupled with the continuous improvement of quality standards to meet the regulatory requirements by the market players is expected to have a positive impact on the growth of the market. The report published by the Congressional Budget Office in 2020 stated that the biopharmaceutical industry spent around 83 billion USD on research and developmental activities. Additionally, in July 2021, the World Health Organization (WHO) accelerator raised 12 billion USD in funding for the vaccines from various governments, including USD 1.7 billion for research and development support. Such an increase in the investment in the research and development of the biopharmaceutical sector is expected to boost the growth of the hollow fiber filtration market.

Furthermore, an increase in the number of approved biopharma products worldwide and increasing manufacturing of biopharmaceutical drugs is expected to increase the demand for the hollow fiber filtration market as filtration is an essential step in the standard unit operation. In 2020, the United States Food and Drug Administration (FDA) approved an average of 53 new medicines annually. Such an increase in research and developmental activities coupled with the increasing product approvals of biopharmaceuticals is expected to drive the market's growth.

Thus, owing to the abovementioned factors, the market is expected to project growth over the forecast period. However, strict government regulations related to drug safety may hinder the growth of the market.

Hollow Fiber Filtration Industry Segmentation

As per the scope of this report, Hollow Fiber Filtration Market is a transport and collection system used for collecting clinical specimens for diagnosis purposes. The Hollow Fiber Filtration Market is segmented by Material (Polymer, Ceramic), Technique (Microfiltration and Ultrafiltration), End User (Pharmaceutical and Biotechnology industries, Research Organizations and Contract Research Organization), and Geography ( North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The Market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers values in in USD million for the above segments.

By Material
Polymer
Ceramic
By Technique
Microfiltration
Ultrafiltration
By End user
Pharmaceutical and Biotechnology Industries
Research Organizations
Contract Research Organization
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
Need A Different Region Or Segment?
Customize Now

Global Hollow Fiber Filtration Market Size Summary

The Hollow Fiber Filtration Market is poised for significant growth, driven by the increasing demand in the pharmaceutical and biotechnology sectors. This growth is largely attributed to the rising need for efficient filtration processes in the production of biopharmaceuticals, where hollow fiber filtration plays a crucial role in downstream processing. The market is further bolstered by the surge in research and development investments within the biopharmaceutical industry, as companies strive to meet stringent quality standards and regulatory requirements. The COVID-19 pandemic has also acted as a catalyst, with the heightened demand for vaccines and treatment drugs necessitating advanced filtration techniques to ensure high selectivity and efficacy in vaccine candidate recovery. This trend is expected to continue, as the biopharmaceutical sector expands its product offerings and manufacturing capabilities.

Regionally, the United States is anticipated to be a key player in the hollow fiber filtration market, supported by robust research and development activities and a favorable healthcare infrastructure. The presence of major market players and advanced technological innovations further strengthens this region's position. The market is characterized by intense competition, with several leading companies dominating the landscape. These include Repligen Corporation, Sartorius, and Danaher Corporation, among others. Recent advancements, such as the development of specialized hollow-fiber nanofiltration membranes and robust ultrafiltration modules, highlight the ongoing innovation within the industry. Despite the promising growth prospects, the market faces challenges from stringent government regulations related to drug safety, which could potentially impede its expansion.

Explore More

Global Hollow Fiber Filtration Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing investment in the Research and development of Biopharmaceuticals

      2. 1.2.2 Increasing preference for continous manufacturing

    3. 1.3 Market Restraints

      1. 1.3.1 Strict government regulations related to drug safety

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Polymer

      2. 2.1.2 Ceramic

    2. 2.2 By Technique

      1. 2.2.1 Microfiltration

      2. 2.2.2 Ultrafiltration

    3. 2.3 By End user

      1. 2.3.1 Pharmaceutical and Biotechnology Industries

      2. 2.3.2 Research Organizations

      3. 2.3.3 Contract Research Organization

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Global Hollow Fiber Filtration Market Size FAQs

The Global Hollow Fiber Filtration Market is projected to register a CAGR of 14.10% during the forecast period (2024-2029)

Repligen Corporation, Sartorius, Parker Hannifin Corp, Asahi Kasei Co Ltd and Danaher Corporation are the major companies operating in the Global Hollow Fiber Filtration Market.

Global Hollow Fiber Filtration Report Snapshots

Hollow Fiber Filtration Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)