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

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.