Hollow Fiber Filtration Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Hollow Fiber Filtration Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : December, 2022 | Biotechnology

Report Digest

Global Hollow Fiber Filtration Market: Overview

The growing desire for continual manufacturing, the booming biopharmaceutical sector, and growing usage of single-use technologies are all likely to add to the development of the global hollow fiber filtration market in the years to come. Developing countries, as well as augmented investment in cell-based research, are projected to present substantial growth opportunities for the participants in the global hollow fiber filtration market. The market is expected to expand throughout the forecast period, from 2020 to 2030, thanks to factors such as the increasing demands for continuous water and waste water treatment and growing government restrictions. However, factors such as fiber breakage and irreversible fouling, as well as high operational costs, are likely to curtail market expansion in the years to come.

The report, titled "global hollow fiber filtration market” makes an analysis of the key market areas such as material, technique, application, end user and regional markets. It also assesses the current competition in the global hollow fiber filtration market for the forecast period of 2020 to 2030.

Global Hollow Fiber Filtration Market: Key Trends

Many businesses are making substantial investment in biologics and biosimilars development. Biologics like monoclonal antibodies, peptides, and proteins account for over half of the total drug candidates in the initial stage or the discovery stage.  In the foreseeable future, biologics are predicted to account for almost half of the total income produced by the top 100 pharmaceutical items. The US Food and Drug Administration (FDA) authorized 48 new biologics and medicines in 2019. Increasing investments by biopharmaceutical firms in the development of biologics and biosimilars are projected to raise the number of authorized medicines and expand the production of biopharmaceutical medication across the globe. Despite the fact that small-molecule medicines lead the global pharmaceuticals industry, large-molecule therapies, biosimilars, and biologics are also gaining rapid traction as new biologics-based treatments are launched. With this, the revenue of the existing biologics sector also increases.

Filtration is utilized in the bioprocessing business as a regular unit operation. It is also used in conjunction with other unit operations for the purpose of purification, isolation, and separation of bio-therapeutics. Filtration is also crucial for substances like cell therapy, gene therapy, vaccines, and recombinant proteins. Companies are concentrating on adopting sophisticated bioprocessing technologies across the process to meet the increasing demands for biopharmaceuticals. It also comprises filtration systems that make use of hollow fiber filters, like perfusion systems. These systems are in high demand amongst the biopharmaceutical firms because they assist in reducing the expenses related to intricate processes. In addition, it boosts productivity and helps in maintaining compliance to filtering requirements of GMP and FDA.  As a result, the global hollow fiber filtration market is projected to rise in tandem with the biopharmaceutical business.

Global Hollow Fiber Filtration Market: Competitive Assessment

One of the recent developments in the global hollow fiber filtration market is mentioned as below

  • In June 2020, Engineered Molding Technology was purchased by US-based Repligen Corporation. Repligen's range of single-use filtration solutions was expanded as a result of this deal. It has given the business additional flexibility to scale as well as develop its portfolio of single-use systems in the hollow fiber filtration industry.

Some well-known companies in the global hollow fiber filtration market are listed below:

  • Kuraray Co., Ltd.
  • Repligen Corporation
  • MANN+HUMMEL Holding GmbH
  • Sartorius Stedim Biotech S.A
  • Asahi Kasei Corporation
  • Alpha Plan GmbH

Global Hollow Fiber Filtration Market: Regional Assessment

North America is estimated to account for a sizeable chunk of the global hollow fiber filtration market over the forecast period, from 2020 to 2030. The region's high share of the market is ascribed to the fact that regional firms are focusing primarily on developing innovative products such as perfusion systems. In addition, the growing demand for filtering systems in the biopharmaceuticals industry along with the cost-efficiency and comfort of dealing with hollow fiber filters is further likely to drive the regional market.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?