The Global Hollow Fiber Filtration Market is Predict to reach $1.4 Billion by 2028, at a CAGR of 13.7%

Published Date: 20-Jan-2023

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Hollow Fiber Filtration Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Hollow Fiber Filtration Market size is expected to reach $1.4 billion by 2028, rising at a market growth of 13.7% CAGR during the forecast period.

The Protein Concentration & Diafiltration segment is leading the Global Hollow Fiber Filtration Market by Application in 2021 thereby, achieving a market value of $478.2 Million by 2028. The method's application in the purification and separation of a wide range of biomolecules, such as antibodies, recombinant proteins, and nucleic acids, is one of the key factors driving this industry. The method is well-liked since it may be used in many biological fields, such as immunology, molecular biology, protein chemistry, and biochemistry. As a result, this application field involves the majority of the major businesses.

The Pharmaceutical & Biotechnology Companies segment is showcasing a CAGR of 13.4 % during (2022 - 2028). The growing use of continuous manufacturing processes due to the benefits like process efficiency & flexibility, as well as the increasing adoption of hollow fibre filters in ultrafiltration, diafiltration, and microfiltration processes in the biopharmaceutical manufacturing industry, have contributed to the substantial proportion of this segment. The rapid expansion of the global biopharmaceutical industry, technological developments in the pharmaceutical and biotechnology industries, and all of these factors are anticipated to support this segment's revenue growth over the predicted period.

The Microfiltration segment is generating highest revenue share in the Global Hollow Fiber Filtration Market by Technology in 2021 thereby, achieving a market value of $738.1 Million by 2028. A low-pressure method called microfiltration is used to separate dissolved particles from high-molecular-weight molecules. This technique separates the majority of bacteria and suspended particulates but not viruses or multivalent ions.

The Single-use segment has shown the growth rate of 15% during (2022 - 2028). Due to their widespread use in ultrafiltration and microfiltration applications and their status as an actual ready-to-use separation solution. When delivered, they are humectant-free, completely integrity-tested, and gamma-irradiated. Because they don't need to be cleaned, they save time and money.

The Polyethersulfone (PES) segment is generating highest revenue share in the Global Hollow Fiber Filtration Market by Material in 2021 thereby, achieving a market value of $490.9 Million by 2028. The market was dominated by the Polyethersulfone (PES) category in 2021 and is anticipated to grow at the quickest rate throughout the assessment period. Global demand for polyethersulfone is anticipated to increase throughout the course of the forecasted timeframe due to the expanding market for high-performance engineering plastics in sectors including construction, aviation, and automotive.

The North America market dominated the Global Hollow Fiber Filtration Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $530.2 Million by 2028. The Europe market is exhibiting a CAGR of 13% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 14.8% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/hollow-fiber-filtration-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Repligen Corporation, Sartorius AG, Asahi Kasei Corporation, Meissner Filtration Products, Inc., Danaher Corporation, Merck KGaA, Parker Hannifin Corporation, Cole-Parmer Instrument Company, LLC (Antylia Scientific) (GTCR LLC), Sterlitech Corporation, and Synder Filtration, Inc.

Global Hollow Fiber Filtration Market Segmentation

By Application

  • Protein Concentration & Diafiltration
  • Cell Culture Harvest & Clarification
  • Virus or Viral Vector Filtration
  • Raw Material Filtration
  • Others

By End User

  • Pharmaceutical & Biotechnology Companies
  • CMOs & CROs
  • Academic & Research Institutes

By Technology

  • Microfiltration
  • Ultrafiltration
  • Others

By Process

  • Reusable
  • Single-use

By Material

  • Polyethersulfone (PES)
  • Polysulfone (PS)
  • Mixed Cellulose Ester
  • Polyvinylidene Difluoride (PVDF)
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Repligen Corporation
  • Sartorius AG
  • Asahi Kasei Corporation
  • Meissner Filtration Products, Inc.
  • Danaher Corporation
  • Merck KGaA
  • Parker Hannifin Corporation
  • Cole-Parmer Instrument Company, LLC (Antylia Scientific) (GTCR LLC)
  • Sterlitech Corporation
  • Synder Filtration, Inc.

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Related Reports:

North America Hollow Fiber Filtration Market size & Opportunities 2022-2028

Europe Hollow Fiber Filtration Market & Growth Forecast 2022-2028

Asia Pacific Hollow Fiber Filtration Market Share & Industry Outlook to 2028

LAMEA Hollow Fiber Filtration Market Growth, Trends & Forecasts 2022-2028

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