Hollow Fiber Filtration Market - Growth, Trends, Covid-19 Impact, and Forecasts (2022 - 2027)

The Hollow Fiber Filtration Market is Segmented by Material (Polymer, Ceramic), Technique (Microfiltration and Ultrafiltration), End User (Pharmaceutical and Biotechnology industries, Research Organizations, and Contract Research organizations), and Geography (North America, Europe, Asia-pacific, Middle-East and Africa, and South America). The report offers the value (in USD Million) for the above segments.

Market Snapshot

Hollow Fiber Filtration Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 14.1 %

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Market Overview

The Hollow Fiber Filtration Market is projected to register a CAGR of 14.1% during the forecast period (2022-2027).

Amid COVID-19 phase, the hollow fiber filtration market is expected to grow owing to the rising cases of infectious diseases among the population. An increase in the demand for vaccines and treatment drugs for COVID-19 is a driving factor for the growth of the hollow fiber filtration market. According to the article titled "An overview of current Covid-19 vaccine platforms" published by the Computational and Structural Biotechnology Journal in May 2021, there were 184 vaccine candidates in preclinical testing and another 88 vaccine candidates in clinical phases. The hollow fiber filtration method is a crucial process in the downstream process for the recovery of the COVID-19 vaccine candidates as the hollow fiber filtration favors high selectivity and effective vaccine candidates. Hence, COVID-19 is assumed to increase the demand for the hollow fiber filtration techniques throughout the pandemic phase.

The increasing investment in the research and development of the biopharmaceutical industry is one of the major factors driving the market's growth. The growing demand for biopharmaceutical drugs coupled with the continuous improvement of quality standards to meet the regulatory requirements by the market players is expected to have a positive impact on the growth of the market. The report published by the Congressional Budget Office in 2020 stated that the biopharmaceutical industry spent around 83 billion USD on research and developmental activities. Additionally, in July 2021, the World Health Organization (WHO) accelerator raised 12 billion USD in funding for the vaccines from various governments, including USD 1.7 billion for research and development support. Such an increase in the investment in the research and development of the biopharmaceutical sector is expected to boost the growth of the hollow fiber filtration market.

Furthermore, an increase in the number of approved biopharma products worldwide and increasing manufacturing of biopharmaceutical drugs is expected to increase the demand for the hollow fiber filtration market as filtration is an essential step in the standard unit operation. In 2020, the United States Food and Drug Administration (FDA) approved an average of 53 new medicines annually. Such an increase in research and developmental activities coupled with the increasing product approvals of biopharmaceuticals is expected to drive the market's growth.

Thus, owing to the abovementioned factors, the market is expected to project growth over the forecast period. However, strict government regulations related to drug safety may hinder the growth of the market.

Scope of the Report

As per the scope of this report, Hollow Fiber Filtration Market is a transport and collection system used for collecting clinical specimens for diagnosis purposes. The Hollow Fiber Filtration Market is segmented by Material (Polymer, Ceramic), Technique (Microfiltration and Ultrafiltration), End User (Pharmaceutical and Biotechnology industries, Research Organizations and Contract Research Organization), and Geography ( North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The Market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers values in in USD million for the above segments.

By Material
Polymer
Ceramic
By Technique
Microfiltration
Ultrafiltration
By End user
Pharmaceutical and Biotechnology Industries
Research Organizations
Contract Research Organization
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

The Pharmaceuticals and Biotechnology Industries Segment is Expected to Hold a Major Market Share in the Hollow Fiber Filtration Market Market.

The pharmaceutical and biotechnology industries are expected to be the most lucrative segment, with extensive usage of hollow fiber filtration in their production processes. The expanding demand for hollow fibers in ultrafiltration, diafiltration, and microfiltration processes in the manufacturing process and the increased usage of continuous manufacturing techniques in the pharma and biotech sectors is expected to propel the growth of the market.

The usage of hollow fiber filtration helps decrease the costs associated with the complicated downstream processing, thereby increasing productivity and helping in the adherence to Good Manufacturing Process (GMP) and Food and Drug Administration (FDA) guidelines for filtration. The growth in investement for research and development activities of the pharmaceutical and biopharmaceutical industries directly impacts the demand for hollow fiber filtration owing to the extensive usage for isolation and purification of the products. For instance, in April 2022, Ferring Pharmaceuticals opened its integrated R&D and manufacturing facility in Hyderabad, which was established with a total investment of EUR 30 million. The R&D capability includes formulation development, packaging development, and analytical development. This increase in the growth of the pharmaceutical sector facilitates the increasing usage of hollow fiber filtration for filtration of products, thereby propelling the growth of the segment.

Thus, owing to the abovementioned factors, the pharmaceutical and biotechnology industries segment is expected to grow over the forecast period.

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North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.

The hollow fiber filtration market is expected to grow in this region owing to the increase in research and development activities in the biopharma sector in the United States region. According to the Binder Dijker Otte (BDO) USA Reports, in 2020, companies listed on the biotechnology index (NBI) saw a growth in revenue of 1.049 billion. In 2020, average research and development spending increased by 16% to 284.25 million USD in the United States pharmaceutical industry. Thus, the increasing research and development activities, coupled with the increasing demand for biosimilar products in the United States region, provide lucrative opportunities for the growth of the hollow fiber filtration market as they are extensively used for the downstream process of therapeutics. For instance, in March 2020, Thermo Fisher Scientific Inc. invested nearly USD 475 million to expand its biologics, cell and gene therapy, and drug product development facilities and increase its global commercial capabilities. Similarly, in January 2020, Eli Lilly and Company entered an agreement to acquire Dermira, a biopharmaceutical company. 

Moreover, the presence of major market players and advanced technologies for product development is expected to mark this region as the one with the most dominating share. Additionally, an increase in research and development activities and the presence of favorable healthcare infrastructure are fueling the growth of the overall regional market to a large extent.

Hollow Fiber Filtration Market Growth.

Competitive Landscape

The Hollow Fiber Filtration Market is competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some companies currently dominating the market are Repligen Corporation, Sartorius, Danaher Corporation, Asahi Kasei Medical Co. Ltd, Parker Hannifin Corp, Mar cor , Koch Separation solutions, Meissner Filtration Products, Inc, Antylia Scientific, and Biotree.

Recent Developments

  • In November 2021, Namiton launched the first special water purifier with a hollow-fiber nanofiltration membrane, pushing the envelope with membrane technology innovation from Singapore.
  • In November 2021, Toray Industries, Inc. announced that they had developed and began supplying samples to customers of an exceptionally robust hollow fiber ultrafiltration membrane module for food and beverage manufacturing and biotechnology purification and concentration processes.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing investment in the Research and development of Biopharmaceuticals

      2. 4.2.2 Increasing preference for continous manufacturing

    3. 4.3 Market Restraints

      1. 4.3.1 Strict government regulations related to drug safety

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material

      1. 5.1.1 Polymer

      2. 5.1.2 Ceramic

    2. 5.2 By Technique

      1. 5.2.1 Microfiltration

      2. 5.2.2 Ultrafiltration

    3. 5.3 By End user

      1. 5.3.1 Pharmaceutical and Biotechnology Industries

      2. 5.3.2 Research Organizations

      3. 5.3.3 Contract Research Organization

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Repligen Corporation

      2. 6.1.2 Sartorius

      3. 6.1.3 Danaher Corporation

      4. 6.1.4 Asahi Kasei Medical Co., Ltd

      5. 6.1.5 Parker Hannifin Corp

      6. 6.1.6 Mar cor

      7. 6.1.7 Koch Seperation solutions

      8. 6.1.8 Meissner Filtration Products, Inc

      9. 6.1.9 Antylia Scientific

      10. 6.1.10 Biotree

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Global Hollow Fiber Filtration Market market is studied from 2019 - 2027.

The Global Hollow Fiber Filtration Market is growing at a CAGR of 14.1% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Repligen Corporation, Sartorius, Parker Hannifin Corp, Asahi Kasei Co Ltd, Danaher Corporation are the major companies operating in Global Hollow Fiber Filtration Market.

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