The growth of this market can be attributed to the rising preference for continuous manufacturing in the biopharmaceutical industry and the increasing demand for biopharmaceuticals across the globe.
The report Hollow
Fiber Filtration Market is
projected to reach USD 517.4 million by 2023 from USD 274.7 million in 2018,
growing at a CAGR of 13.5%.
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Market Segmentation:-
On the basis of application, the hollow fiber filtration
market is segmented into continuous cell perfusion, harvest and clarification,
and concentration and diafiltration. In 2018, continuous cell perfusion is
expected to be the largest application segment in the hollow fiber filtration
market. The biopharmaceutical industry is actively exploring the potential of
continuous manufacturing, with a focus on upstream perfusion cell-culture
processes that utilize hollow fiber filters. Due to the advantages of hollow
fibers, such as achieving efficient cell separation (with low shear) and
allowing robust large-scale manufacturing, they are considered as the most
suitable form of membrane filters for TFF and ATF perfusion processes.
On the basis of material, the Hollow Fiber Filtration Industry is
segmented into polymeric and ceramic materials. In 2018, the polymeric hollow
fiber filtration segment is expected to account for a larger share of the
market as these filters are widely used in several ultrafiltration and microfiltration
applications, including filtration, desalination, and biochemical reactions.
Key Market Drivers: -
1 Rising Preference for Continuous
Manufacturing
2 Increasing Demand for
Biopharmaceuticals
Regional Analysis:-
The Asian Pacific is expected to be the fastest-growing
regional market for hollow fiber filtration. The high growth in this regional
market can be attributed to the expansion of the biomanufacturing sector,
increasing government support, developing R&D infrastructure, and growing
outsourcing of bioproduction processes to Asia Pacific countries such as China
and India.
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Top
Key Players:-
The Hollow Fiber Filtration
Industry is consolidated due to the presence of a few major
players. Asahi Kasei Corporation (Japan), Repligen Corporation (US), GE
Healthcare (US), Danaher Corporation (US), and Koch Membrane Systems (US) are
the leading players in this market.
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