Hollow Fiber Filtration Market: Emerging Trends and Developments

 The growth of the global Hollow Fiber Filtration Market is driven by factors such as the rising preference for continuous manufacturing, increasing use of single use technologies, and the rising biopharmaceutical industry. In addition, emerging economies, and increased investment cell-based research are expected to provide significant growth opportunities for players in the market.

The global Hollow fiber filtration market is projected to reach USD 597 million by 2026 from USD 303 million in 2021, at a CAGR of 14.5% during the forecast period.

Download PDF Brochure: -https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267011039

Growth Driver:

Many companies are investing heavily in the development of biologics and biosimilars. More than half of the drug candidates in the discovery stage are biologics, such as proteins, peptides, and monoclonal antibodies. Biologics are expected to contribute around half of the revenue generated by the top 100 pharmaceutical products in the coming years.

In 2019, the US FDA approved 48 new drugs and biologics. Growing investments by biopharmaceutical companies to develop biologics and biosimilars are further expected to increase the number of approved products worldwide and increase the manufacturing of biopharmaceutical drugs. 

Market Segmentation:

Based on material, the market is segmented into polymeric and ceramic. The polymeric segment is further sub segmented into PS/PES, Polyvinylidene fluoride (PVDF), and Other polymeric materials. In 2020, PS/PES membrane filters accounted for the largest market share as they are designed to eliminate particulates during standard filtration. They have low protein and drug binding characteristics and are stable at alkaline pH. PS/PES membranes are recommended for aqueous applications and for biological samples.

Based on application type, the market is segmented into continuous cell perfusion, harvest and clarification, and concentration and diafiltration. In 2020, continuous cell perfusion accounted for the largest market share due to the advantages of hollow fibers in continuous cell perfusion, such as enabling efficient cell separation (with low shear) and allowing robust large-scale manufacturing.

Regional Analysis:

The Asia Pacific market is projected to witness the highest growth rate during the forecast period, primarily due to innovation, a giant talent pool of scientists, low labor, and manufacturing costs. The region has also witnessed mass production because of technology and a rise in continuous manufacturing instead of batch production in the previous era.

Growth Opportunity:

China, India, and Brazil are expected to offer major growth opportunities for the hollow fiber filtration market players. China is estimated to be a high-growth market for bioprocessing products due to the country's growing government support and private investments. Companies in China are increasingly making biologics-related investments and hiring a skilled workforce for their operations. Also, R&D investments in markets such as India and Brazil have increased significantly over the last few years.

Recent Developments

• In 2020, Sartorius Stedim Biotech (France) acquired WaterSep BioSeparations to expand its product offerings in the market.
• In 2020, Repligen Corporation (US) acquired ARTeSYN Biosolutions. This acquisition helped expand the company’s offerings in the hollow fiber filtration market.
• In 2020, Repligen Corporation (US) acquired Engineered Molding Technology. This acquisition expanded Repligen’s line of single-use filtration products and gave the company more flexibility to scale and expand its single-use systems portfolio in the hollow fiber filtration market.
• In 2020 Danaher (US) acquired the Biopharma business from GE Company’s Life Sciences division. This business is known as Cytiva and acts as a standalone operating company within Danaher’s Life Sciences segment. This acquisition strengthened Danaher’s position in the hollow fiber filtration market.

Request for Sample Pages: -https://www.marketsandmarkets.com/requestsampleNew.asp?id=267011039

Top Key Players:

Prominent players in the Hollow Fiber Filtration Market are Repligen Corporation (US), Danaher (US), Asahi Kasei Corporation (Japan), Parker-Hannifin Corp (US), Sartorius Stedim Biotech S.A (France), TOYOBO CO., LTD (Japan), and Cantel Medical (US). The key players in this market are focusing on strategic expansions, and acquisition to expand their presence in the market.

The hollow fiber filtration market is expected to continue evolving, driven by advancements in technology, changes in industry regulations, and the increasing need for efficient and sustainable filtration solutions. To obtain the most current and detailed information about the market, it is advisable to consult industry reports, market analysts, and industry experts.