The global Hollow Fiber Membrane market size is expected to reach USD 881.53 Million by 2028 at a CAGR of 13.8%, according to the latest report by Reports and Data. Growing demand for biopharmaceuticals, increasing research and development activities for biologics, and rapid adoption of continuous manufacturing techniques across various industries are key factors expected to drive market revenue growth over the forecast period. Growing progress in bioprocessing, availability of skilled professionals, and increasing opportunities in biopharmaceutical sector are also expected to drive market growth over the forecast period.
Hollow fiber is the most widely used membrane in industrial applications, particularly in filtration. Hollow fibers have a membrane coated on the outside of a porous support. Hollow fiber bioreactors, which are largely used in medical industry, are made from cellulose and synthetic polymers. Hollow fiber membranes also have a very high packaging density due to its small strand diameters that allow specific filter configuration. Application has been increasing in various end-use industries and this is expected to contribute significantly to revenue growth of the market over the forecast period. In addition, hollow fibers systems are small tubes that can be filled with drug solutions. The fiber wall is equipped with permeable membrane that is highly effective in controlled release of drugs and this is expected increase its adoption in pharmaceutical industry and drive market growth going ahead.
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Hollow fibers are also efficient carriers of drugs owing to high surface area to volume ratio. Increasing R&D activities to develop novel drugs, biopharmaceuticals, and therapeutics are expected to boost adoption of hollow fiber membranes and this is expected to drive market growth over the forecast period. However, stringent regulations concerned with safety and efficacy of drugs and biologics is expected to hamper market growth to a certain extent over the forecast period.
Some Key Highlights From the Report:
- Microfiltration segment is expected to account for largest revenue share in the global market owing to increasing use of hollow fiber filters with microfiltration in various processes in biopharmaceutical sectors such as clarification, purification of cell broths, and separation of macromolecules, among others.
- Polymeric segment is expected to register significant revenue growth over the forecast period, attributable to increasing use if polymeric hollow fiber filters in ultrafiltration and microfiltration.
- Perfusion segment is expected to register considerable revenue growth over the forecast period owing to increasing need for continuous cell perfusion systems to reduce operational and production costs and time.
- Pharmaceutical manufacturers segment is expected to account for largest revenue share in the global market over the forecast period, attributable to increasing demand for biologics, rising drug discovery and development activities, and rapid adoption of continuous manufacturing techniques.
- North America is expected to account for largest revenue share in the global market over the forecast period owing to fast-paced development of advanced products such as perfusion systems, growth of biopharmaceutical sector, and increasing adoption of advanced manufacturing technologies.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Hollow Fiber Membrane market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
- Asahi Kasei Corporation
- Repligen Corporation
- GE Healthcare
- Danaher Corporation
- Parker-Hannifin Corporation
- Koch Membrane Systems, Inc.
- Watersep BioSeparation Corporation
- Toyobo Co., Ltd.
- Microdyn-Nadir GmbH
- Cantel Medical Corporation
- Coorstek, Inc.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Hollow Fiber Membrane Market Segmentation:
Type Outlook:
- Microfiltration
- Ultrafiltration
- Reverse Osmosis
Material Outlook:
- Polymeric
- Ceramic
Application Outlook:
- Harvest & Clarification
- Concentration
- Perfusion
End-use Industry Outlook:
- Pharmaceutical Manufacturers
- CROs
- CMOs
Geographic Segment Covered in the Report:
The Hollow Fiber Membrane report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)
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Key market aspects are illuminated in the report:
- Executive Summary: It covers a summary of the most vital studies, the Global Hollow Fiber Membrane market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
- Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Hollow Fiber Membrane market, the years measured, and the study points.
- Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
- Manufacture by Region: This Global Hollow Fiber Membrane report offers data on imports and exports, sales, production and key companies in all studied regional markets.
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