Hollow Fiber Filtration Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Hollow Fiber Filtration Market Outlook: 2022-2028
The Hollow Fiber Filtration market was valued at USD 2468.18 million in 2022, and it is anticipated to reach USD 3605.95 million by 2028, registering a CAGR of about 6.52% during the forecast period (2022-2028). Fully considering the economic change by this health crisis, PVDF Membrane Module accounting for 94.49% of the Hollow Fiber Filtration global market in 2021, is projected to value US$ 336.91 million by 2028, growing at a revised 6.42% CAGR in the post-COVID-19 period. While Municipal segment is altered to a 6.20% CAGR throughout this forecast period. Key drivers of the hollow fiber filtration market include the growing cell-based research.

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The increasing use by pharmaceutical and biotechnology companies, rapid adoption of single-use technologies is expected to propel the growth of the hollow fiber filtration market during the forecast period. The usage of hollow fiber filtration techniques for large-scale covid 19 vaccine production, wastewater treatment is significantly boosting the market growth.

Increased Cell-Based Research Activities
Hollow fiber membrane bioreactors are used for culturing stem cells and highly metabolic cells such as hepatocytes. These bioreactors provide better cell attachment on their surfaces and enable efficient mass transfer. Moreover, they are also used in regenerative medicine for expanding cell population under controlled environment and aiding in the creation of engineered tissues. These factors will fuel the growth of the hollow fiber filtration market in the coming years.

Large Scale Use By Pharmaceutical, Biotechnology Companies And Extensive Penetration Of Single-Use Technologies

Hollow fiber filter membranes are used in the biotechnology sector for creating improved medical processes for dialysis through ultrafiltration. Pharmaceutical companies deploy these membranes as in vitro models for drug testing because of their flexibility and high surface-to-volume ratio. They adapt and provide permeability, hemocompatibility, and cytocompatibility for hemo purification and liver assist bioreactors. Moreover, single-use technologies are gaining traction as they are used in various mixing procedures for biopharmaceutical production. This in turn is expected to spur the growth of the hollow fiber filtration market during the forecast period.

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Hollow Fiber Filtration Market by Membrane Module
• PVDF Membrane Module
• PTFE Membrane Module
• Others

Hollow Fiber Filtration Market by Application
• Municipal
• Food and Beverage
• Petroleum Industry
• Machinery Industry
• Stock Farm
• Others

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