Market Size of Global Hollow Fiber Filtration Industry
| 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
*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 |
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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.
Global Hollow Fiber Filtration Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing investment in the Research and development of Biopharmaceuticals
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1.2.2 Increasing preference for continous manufacturing
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1.3 Market Restraints
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1.3.1 Strict government regulations related to drug safety
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Material
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2.1.1 Polymer
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2.1.2 Ceramic
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2.2 By Technique
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2.2.1 Microfiltration
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2.2.2 Ultrafiltration
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2.3 By End user
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2.3.1 Pharmaceutical and Biotechnology Industries
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2.3.2 Research Organizations
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2.3.3 Contract Research Organization
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Hollow Fiber Filtration Market Size FAQs
What is the current Global Hollow Fiber Filtration Market size?
The Global Hollow Fiber Filtration Market is projected to register a CAGR of 14.10% during the forecast period (2024-2029)
Who are the key players in Global Hollow Fiber Filtration Market?
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.
