The Global Hollow fiber filtration market size was valued at USD 303.0 Mn in 2020 is expected to reach USD 682.8 Mn by 2027, with a growing CAGR of 14.5 % during the forecast period.
Market Definition:
The hollow fiber flow filtration includes diafiltration, cell harvest, clarification, concentration, and perfusion are used in various downstream and upstream processes in the bioprocessing unit operations.
Market Dynamics:
The product acquisition and launches by numerous key players are expected to propel the market growth during the forecast period. For instance, in October 2020, Repligen Corporation announced the agreement in acquiring ARTeSYN Biosolutions for $200 million. The Laboratory efficacy and field effectiveness drive the hollow fiber filtration market.
For instance, The Sawyer PointONE hollow fiber membrane filter is in high demand for long-term household water treatment in developing countries. Thus, the high adoption rate of hollow fiber filtration products is one of the prominent driving factors for the hollow fiber filtration market. The various government initiatives and awareness for wastewater management and the recycling process drive the hollow fiber filtration market across the globe.
Hollow fiber filtration market Segmentation:
By Material
By Application
By Technique
By End-user
By Region
The unique insights provided by this report also includes the following:
Based on material, the polymeric segment had the largest market share in 2020 due to the diverse properties of the polymeric material and the high protein binding capacity.
In terms of material, the polymeric segment had gained a tremendous hollow fiber filtration market share in 2020 and is expected to gain more during the forecast period. The multiple properties of polymeric material such as hydrophilic properties and the high protein-binding makes it popular among the consumers. The hydrophilic nature in polysulfide/polyethersulfone tends to have a great demand for the polymeric product. These factors are anticipated to drive the segment in the hollow fiber filtration market.
Based on application, the continuous cell perfusion segment had the largest market share in 2020 due to the implementation of a continuous or semi-continuous bioprocess.
In terms of application, the continuous cell perfusion segment had owned the largest market share in 2020. This is due to the efficient cell separation and the advantages of continuous cell perfusion in the hollow fiber filtration processes. In June 2020, MICRODYN-NADIR launched a PVDF ultrafiltration product line to treat groundwater, surface water, seawater, and tertiary treated wastewater. Thus, the application in MBR, RO pretreatment, Industrial wastewater, locality wastewater, and biotech bioprocessing generated a demand of continuous cell perfusion.
Based on technique, the microfiltration segment had the largest market share in 2020 due to the wide availability of different pore size for filtration.
In terms of technique, the microfiltration segment had accounted for the largest market share in 2020. This is due to the availability of different pore size filtration for macromolecules and micromolecules. These are used for different applications in the filtration of viruses, bacteria, etc. For instance, the usage of microfiltration in vaccines production during the pandemic by pharmaceutical companies promoted the segment in the hollow fiber filtration market. During the vaccine production through the perfusion process, the viral replication takes place in a disposable bioreactor with an external automatic transmission fluid-ATF microfiltration system. This process was very much in demand during the covid vaccine production, accelerating the hollow fiber filtration market.
Based on end-users, the biotechnology and pharmaceutical manufacturers segment accounted for the highest market share in 2020.
In terms of end-user, the biotechnology and pharmaceutical manufacturers segment had gained prodigious market shares in 2020. This is due to the growing continuous manufacturing processes in pharmaceuticals and their rising manufacturing process efficiency. The growing efficiency and flexibility in the hollow fiber filtration systems drive the segment in the market. The segment was observed to grow through the pandemic as all pharmaceutical and biotechnology companies were promoting vaccine production for COVID.
Based on region, North America accounted for the largest market shares in 2020 and is expected to maintain the dominance over during the forecast period
In terms of region, North America dominated the market in 2020. This is due to new product launches such as filtration systems by the key players, increasing investment for biotechnology companies and emerging pharmaceutical companies. For instance, in the American Water Works Association's 130th Annual Conference & Exposition, Koch Membrane Systems, Inc. introduced TARGA® II HF. This hollow fiber filtration system offered a safe, cost-effective, high-quality water solution for ultrafiltration applications. Likewise in May 2018, CoorsTek launched new industrial ceramics membrane filter technologies in Colorado, USA for the micro & ultrafiltration of molecules and particles from aqueous solutions.
The Asia Pacific market is projected to witness the highest growth rate during the forecast period due to the low manufacturing and labor costing. The region is expected to gain a growth due to the increasing urbanization and opportunity for foreign investors.
The report also provides an in-depth analysis of market dynamics such as drivers, restraints, opportunities
Drivers
Restraints
Opportunities
Challenges
COVID-19 Impact on the hollow fiber filtration market analysis
During a pandemic, a positive impact was observed on the hollow fiber filtration industry. The membrane filtration was used in the production of vaccine, biologics, and ongoing clinical trials. Many biopharmaceuticals contributed in vaccine production for COVID-19. The wide variety of hollow fiber filtration was used in the fields of life science research and biopharmaceutical such as vaccine production. There was an increase in product launch and approvals for the bioprocess conducted by the biopharmaceutical companies.
For instance, In December 2020, Sartorius Stedim Biotech of France acquired WaterSep BioSeparations for worth $27 million. This acquisition expanded the company’s product line in hollow filtration units for bioprocessing devices. In 2020, Repligen Corporation in U.S. acquired ARTeSYN Biosolutions for worth $200 million.
The report also provides an in-depth analysis of key trends in the hollow fiber filtration market
The report also provides an in-depth analysis of recent news developments and investments
Company Profiles and Competitive Intelligence
The key players operating in the market are:
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