The increasing use of hollow fiber filters in various upstream and downstream bioprocessing units, increasing R&D activities in biologics and increasing demand for bioprocessing products are key factors which are expected to continue to drive growth. of the market
NEW YORK, November 9, 2021 / PRNewswire / – Reports and Data released its latest report titled “Hollow Fiber Filtration Market Size, Share and Analysis, By Technique (Microfiltration, Ultrafiltration, Reverse Osmosis), By Material (Polymer Ceramic), By Application ( harvest and clarification, Concentration, infusion), by end-use industry (pharmaceutical, CRO, CMO) and region, forecast to 2028. “
According to Reports and Data, the global hollow fiber filtration market size was $ 313.4 million in 2020 and should reach $ 881.53 million in 2028 and record a CAGR income of 13.8% during the forecast period, 2021-2028.
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Drivers, constraints and opportunities
Hollow fiber membranes are filters that have fine pores and can be used to selectively filter or remove particles based on their size. Hollow fibers are widely used for filtration due to the semi-permeable nature of their capillary walls. Hollow fiber bioreactors used in the medical and pharmaceutical industry are made from cellulose and synthetic polymers, and are often modified to improve permeability, hemocompatibility, and cytocompatibility, which are crucial for hemopurification and bioreactors. hepatic assistance. Advances in hollow fiber-based medical filters have resulted in increased biocompatibility between cells and the surface of these filters. Hollow fiber filters with a smaller range of hole sizes and a large number of membranes are widely used for dialysis and other laboratory applications. The use of hollow fiber filters has been increasing steadily in the medical and pharmaceutical industries, industrial separation applications and for testing the efficacy of cancer drugs.
Hollow fiber filters have many small tubes that are grouped together to create a filter matrix. Hollow fiber filters are widely used in water treatment, cell culture, tissue engineering, and medical applications due to recent advances in techniques and filters. Hollow fiber systems are used in drug efficacy testing and the fiber wall equipped with a permeable membrane is used to control drug release. Hollow fibers are excellent drug carriers due to high surface area to volume ratio and high loading flexibility. Hollow fiber ultrafiltration is also used to monitor the presence of natural protozoa in source water and allows the concentration of microorganisms inside individual hollow fibers to purify drinking water. Hollow fiber filtration uses the same principle as capillary and tubular filtration systems, but instead uses a smaller tube size which improves flexibility. From microfiltration to reverse osmosis, hollow fibers are used in all types of filtration process which is another key factor that is expected to drive the market revenue growth in the future.
The hollow fiber membranes have a higher packing density due to the smaller diameter of the filaments and the improved flexibility of the strands have made it possible to achieve certain filter configurations. However, due to the high flexibility of fibers, they are more likely to break under high stress or pressure compared to other filtration methods. Also, high capital and operating costs compared to other configurations are expected to restrain the market growth to some extent during the forecast period.
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COVID-19 impact assessment
Social distancing and restrictions have severely disrupted businesses and operations
Closures have caused disruption in transportation and logistics
Global Manufacturing and Mining Operations Affected
Took a toll on the economy of various countries
Caused a sudden and drastic slowdown in economic activity
Agriculture, fishing, dairy and other disrupted sectors
Caused job loss and financial crisis
The impacts on supply have worsened further due to the drop in disposable income
The emergence of variants continues to cause concern and impact normal routines
Microfiltration Segment to Record Robust Revenue CAGR:
Microfiltration segment is expected to register a robust revenue CAGR over the forecast period; attributable to the increasing use of hollow fibers with microfiltration in various biopharmaceutical processes, in the harvesting of cells in upstream bioprocesses and in the recovery process of antibiotic production.
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Pharmaceutical manufacturers will dominate other segments of the end-use industry:
Pharmaceutical Manufacturers Segment is expected to dominate other end-use segments in terms of revenue growth during the forecast period owing to increasing demand for bioprocessing products, increasing research and development activities. , the growing number of drug discovery and development programs, and the rapid adoption of continued manufacturing. technical.
North America to be a leader in terms of revenue sharing:
North America is expected to account for the largest share of revenue during the forecast period, which is attributed to the increasing demand for biologics due to the increasing prevalence of chronic diseases, the development of advanced infusion and dialysis systems, the rapid adoption of advanced manufacturing processes and the presence of key players in the region.
Asia Pacific to achieve robust revenue growth:
Asia Pacific Market revenue is expected to increase at a significant revenue CAGR during the forecast period; attributed to the rapid advancements in the biopharmaceutical sector, the increasing prevalence of chronic diseases and illnesses, the development of cutting-edge health and research facilities and the growing investments by government and health agencies in the region.
The main companies in the market include:
Asahi Kasei Company
Koch Membrane Systems, Inc.
Watersep BioSeparation Corporation
Toyobo Co., Ltd.
Cantel Medical Corporation
Coorstek, Inc., among others.
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For the purpose of this report, Reports and Data gas has segmented the global hollow fiber filtration market on the basis of technique, material, application, end-use industry, and region:
Technique Outlook (Revenue, USD Million; 2018-2028)
Material Outlook (Revenue, USD Million; 2018-2028)
Application Outlook (Revenue, USD Million; 2018-2028)
Harvest and clarification
End Use Industry Outlook (Revenue, USD Million; 2018-2028)
Regional Outlook (Revenue, USD Million; 2018-2028)
Middle East & Africa
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Some points on how the report benefits stakeholders:
Reports include historical (2018-2020) and forecast (2021-2028) data points, revenue and CAGR in tabular, figure and graph format, with detailed and qualitative written information supporting each. .
The revenue breakdown is provided for each segment in these formats for the world, region and for each country in the respective region for each year between 2018 and 2028.
The report contains information on growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
The report contains data and information on the customers, competitors, suppliers / distributors and other players and the global market.
Market research analysis is vital for all crucial business strategies and can help in many ways and provide a clearer understanding of the strategies deployed by competitors, product launches, competitive analysis, technological advancements and various others. factors that improve a company’s sales or can provide ideas for focusing on merger and acquisition as a strategy or entering into strategic agreements or joint ventures etc.
The report contains the profiles of the major companies operating in the market along with their respective revenue and operating segments, geographic scope, market footprint, head office, growth rate, recent developments, product / service. , their expansion strategies, their expansion investments, etc.
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