USD 531.32 million
Hollow Fiber Filtration Market Size, Share, Growth Analysis, By Technology(Microfiltration, Ultrafiltration, and Others), By End user(Pharmaceutical & Biotechnology Companies, CMOs & CROs, and Academic & Research Institutes), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35H2215 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
73
Hollow Fiber Filtration Market Insights
Hollow Fiber Filtration Market size was valued at USD 607.3 million in 2022 and is poised to grow from USD 694.14 million in 2023 to USD 2022.17 million by 2031, growing at a CAGR of 14.3% in the forecast period (2024-2031).
The hollow fiber filter market is anticipated to witness substantial growth in the forthcoming years, primarily fueled by the growing adoption of continuous manufacturing in the biopharmaceutical sector and the increasing support from regulatory bodies like the FDA. Continuous manufacturing offers automated production processes, reducing the need for external intervention. Notably, continuous cell perfusion bioprocessing provides several advantages over traditional fed-batch processing, enhancing scalability to meet the rising demand for biopharmaceuticals. These advantages have led to the widespread use of continuous perfusion systems in manufacturing biopharmaceutical materials, proteins, vaccines, and high-density cell banking. Regulatory authorities, such as the FDA, have encouraged continuous manufacturing practices in drug production, leading to approvals for various drugs. Moreover, factors like the preference for continuous manufacturing, the compact strand diameter of hollow fiber filters, the growing biologics market, and increased biologics research activities are further expected to drive market growth.
US Hollow Fiber Filtration Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Microfiltration
Fastest Growth
Microfiltration
Growth Rate
14.3% CAGR
Global Hollow Fiber Filtration Market ($ Bn)
Country Share for North America Region (%)
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Hollow Fiber Filtration Market Segmental Analysis
The global hollow fiber filtration market is segmented on the basis of Membrane material, Process, Technology, Application, End user, and region. By Membrane material, the market is segmented into Polysulfone (PS), Mixed Cellulose Ester, Polyvinylidene Difluoride (PVDF), Polyethersulfone (PES), Others. By Process, the market is segmented into Single-use Hollow Fiber Membranes, Reusable Hollow Fiber Membranes. By Technology, the market is segmented into Microfiltration, Ultrafiltration, Others. By Application, the market is segmented into Virus or Viral Vector Filtration, Protein Concentration & Diafiltration, Cell Culture Harvest & Clarification, Raw Material Filtration, Others. By End user, the market is segmented into Pharmaceutical & Biotechnology Companies, CMOs & CROs, Academic & Research Institutes. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Hollow Fiber Filtration Market Analysis By Technology
In the hollow fiber filtration market, the dominant segment is Microfiltration. Microfiltration technology is widely utilized for various applications, including water treatment, food and beverage processing, pharmaceutical manufacturing, and biotechnology.
On the other hand, Ultrafiltration emerges as the fastest-growing segment in the market. The increasing adoption of Ultrafiltration technology is driven by its superior filtration capabilities and efficiency in separating and purifying substances at a molecular level. It finds extensive applications in the biopharmaceutical industry, protein concentration, dairy processing, and wastewater treatment, which contribute to its rapid growth in the Hollow Fiber Filter Market.
Hollow Fiber Filtration Market Analysis By End user
As per segmentation by end user, the Pharmaceutical & Biotechnology Companies segment is the most dominant. These companies are the major users of hollow fiber filters due to their extensive involvement in the production of biopharmaceuticals, vaccines, and other medical products that require advanced filtration techniques. The growing demand for innovative drugs and therapies has led to an increased adoption of hollow fiber filters by these companies, making them the dominant end users in the market.
On the other hand, the fastest-growing segment in the Hollow Fiber Filtration market is the Contract Manufacturing Organizations (CMOs) & Contract Research Organizations (CROs). These organizations offer outsourced services to pharmaceutical and biotechnology companies, assisting them in drug development, manufacturing, and research activities. As the pharmaceutical industry continues to expand and seek cost-effective solutions, the reliance on CMOs and CROs is increasing rapidly. These organizations often utilize hollow fiber filters to meet the filtration needs of their clients, thereby contributing to the fastest growth rate in the market. The trend of outsourcing drug development and manufacturing processes to specialized service providers is propelling the growth of the Hollow Fiber Filter Market in the CMOs & CROs segment.
Global Hollow Fiber Filtration Market By Technology
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Hollow Fiber Filtration Market Regional Insights
The global hollow fiber filtration market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is the dominant region in the Hollow Fiber Filtration market. The region has a well-established biopharmaceutical industry, and continuous manufacturing practices are gaining traction, supported by favorable regulatory policies from agencies like the FDA. Additionally, the presence of major biopharmaceutical companies and ongoing research and development activities further contribute to North America's dominant position in the market.
On the other hand, Asia Pacific is considered to be the fastest growing region in the Hollow Fiber Filtration market. The region is witnessing rapid growth in the biopharmaceutical sector due to the increasing demand for biologics, advancements in healthcare infrastructure, and rising investments in research and development. Moreover, countries like China and India are emerging as significant players in the biopharmaceutical industry, with a growing focus on continuous manufacturing and adoption of advanced technologies, driving the market's growth in the Asia-Pacific region.
Global Hollow Fiber Filtration Market By Geography
- Largest
- Fastest
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Hollow Fiber Filtration Market Dynamics
Hollow Fiber Filtration Market Drivers
Growing Adoption of Continuous Manufacturing:
- The increasing adoption of continuous manufacturing in the biopharmaceutical industry is a significant driver for the hollow fiber filter market. Continuous manufacturing enables automated and efficient production processes, eliminating the need for external intervention and improving scalability. This trend is boosting the demand for hollow fiber filters used in continuous perfusion bioprocessing to meet the rising demand for biopharmaceutical products.
Support from Regulatory Bodies:
- Regulatory bodies, such as the FDA, are providing support and encouragement for the implementation of continuous manufacturing practices in drug production. Approvals for drugs manufactured using continuous processes have been granted, which further promotes the adoption of hollow fiber filters in continuous perfusion systems. This support ensures the compliance and acceptance of continuous manufacturing methods, propelling the market growth.
Hollow Fiber Filtration Market Restraints
High Initial Investment:
- Implementing continuous manufacturing processes and integrating hollow fiber filters into biopharmaceutical production systems requires a significant initial investment. The cost associated with the setup, equipment, and training can be a restraint for some companies, especially smaller players with limited financial resources.
Complex Technology and Process Integration:
- Integrating continuous manufacturing and hollow fiber filter systems can be complex and may require specialized expertise. Companies may face challenges in adapting their existing batch processes to continuous production, potentially causing delays in adoption and implementation. Additionally, ensuring the seamless integration and compatibility of various components in the continuous perfusion systems can pose challenges for manufacturers.
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Hollow Fiber Filtration Market Competitive Landscape
The global hollow fiber filtration market exhibits a competitive landscape with several key players vying for market share. Prominent companies in the industry are investing in research and development to introduce advanced filtration technologies, expand their product portfolios, and gain a competitive edge. Additionally, strategic collaborations, partnerships, and acquisitions are common strategies employed by these companies to enhance their market presence. Innovation, product quality, and efficient customer service are key focal points for these players to maintain their position in the highly competitive market. Overall, the market is characterized by intense competition and continuous efforts to meet evolving customer demands and regulatory requirements.
Hollow Fiber Filtration Market Top Player’s Company Profile
- Repligen Corporation (U.S.)
- Danaher (U.S.)
- Asahi Kasei Corporation (Japan)
- Parker-Hannifin Corp (U.S.)
- Sartorius Stedim Biotech S.A (France)
- TOYOBO CO., LTD (Japan)
- Cantel Medical (U.S.)
- Kuraray Co., Ltd. (Japan)
- Koch Industries Inc. (U.S.)
- MANN+HUMMEL Holding GmbH (Germany)
- CoorsTek, Inc. (U.S.)
- Alpha Plan GmbH (Germany)
- Antylia Scientific (Germany)
- Meissner Filtration Product, Inc (U.S.)
- MMS Membrane System (Switzerland)
- BiOZEEN Pvt. Ltd. (India)
- Biotree (India)
- APAH technologies (India)
Hollow Fiber Filtration Market Recent Developments
- In June 2022, GE Healthcare announced the launch of its new line of hollow fiber filters for use in continuous manufacturing. The new filters are designed to meet the specific needs of continuous manufacturing, and they are expected to help to drive growth in the market.
- In July 2022, Parker Hannifin Corporation announced the acquisition of Pall Corporation. Pall is a leading manufacturer of hollow fiber filters, and its acquisition by Parker Hannifin is expected to strengthen Parker Hannifin's position in the market.
- In August 2022, the Chinese company Sartorius Stedim Biotech announced the launch of its new line of hollow fiber filters for use in the production of cell-based therapies. The new filters are designed to meet the specific needs of the cell-based therapy market, and they are expected to help to drive growth in the market.
Hollow Fiber Filtration Key Market Trends
- Increasing Adoption of Continuous Manufacturing: One of the key market trends in the Hollow Fiber Filter Market is the growing adoption of continuous manufacturing by biopharmaceutical companies. Continuous manufacturing allows for the automation of the entire production process, reducing the need for manual intervention and improving efficiency. This trend is driven by the advantages it offers, such as improved scalability, reduced manufacturing time, and enhanced product quality. As regulatory bodies, like the FDA, show support for continuous manufacturing practices, more biopharmaceutical companies are embracing this approach, leading to a higher demand for hollow fiber filters used in continuous perfusion systems.
- Expansion in Biologics Market and Research Activities: The increasing demand for biologics, including monoclonal antibodies, vaccines, and cell therapies, is another significant trend driving the Hollow Fiber Filter Market. Biologics have gained prominence in the pharmaceutical industry due to their effectiveness in treating various diseases. As a result, there is a surge in biologics research activities and the development of new biopharmaceutical products. Hollow fiber filters are essential components in bioprocessing and downstream purification of biologics. With the expanding biologics market, the demand for hollow fiber filters is expected to grow as well, providing a substantial opportunity for market players in this segment.
Hollow Fiber Filtration Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global hollow fiber filtration market analysis, the market is experiencing significant growth due to the increasing adoption of continuous manufacturing in the biopharmaceutical sector and support from regulatory bodies like the FDA. Continuous manufacturing offers automated production processes and enhanced scalability, addressing the rising demand for biopharmaceuticals. Hollow fiber filters are extensively utilized in continuous perfusion systems for manufacturing biopharmaceutical materials, proteins, vaccines, and high-density cell banking. Regulatory encouragement for continuous manufacturing practices has resulted in drug approvals. Factors such as the preference for continuous manufacturing, compact strand diameter of filters, the expanding biologics market, and growing biologics research activities are driving the market's expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 607.3 million |
| Market size value in 2031 | USD 2022.17 million |
| Growth Rate | 14.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Hollow Fiber Filtration Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Hollow Fiber Filtration Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Hollow Fiber Filtration Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hollow Fiber Filtration Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hollow Fiber Filtration Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hollow Fiber Filtration Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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