Hollow fiber filtration market is Likely to Upsurge at USD 693.26 Million Globally by 2029

Data Bridge Market Research analyses that the hollow fiber filtration market which was USD 303 million in 2021, would rocket up to USD 693.26 million by 2029, and is expected to undergo a CAGR of 10.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The Hollow Fiber Filtration market research report has been meticulously crafted through the systematic collection and evaluation of market data within the Hollow Fiber Filtration industry. It is designed to elucidate essential facts and figures for businesses, offering a comprehensive analysis of the market and its associated elements. These encompass market drivers, constraints, segmentation, opportunities, challenges, revenue insights, and competitive assessments. This invaluable resource empowers companies to make well-informed decisions in navigating the intricate landscape of their niche market.

Our exceptional team of analysts, experts, statisticians, forecasters, and economists dedicated their rigorous efforts to produce this comprehensive and advanced Hollow Fiber Filtration market research report. It serves as a pivotal tool in maintaining a competitive edge over rivals. The report delves into market segmentation, categorizing potential customers into distinct groups based on various attributes, including product application, deployment model, end-user profiles, and geographical regions.

Furthermore, the Hollow Fiber Filtration report provides insights into key players, major collaborations, mergers, acquisitions, and emerging trends in innovation and business strategies. It consolidates precise and reliable market research data, offering businesses a clear roadmap for informed decision-making and strategic direction.

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The market for hollow fibre filtration is expected to grow during forecast period 2022 to 2029. The rise of the biopharmaceutical industry, the increased usage of single-use technologies, and the demand for continuous manufacturing are some of the reasons fuelling the growth of the global hollow fibre filtration market. Additionally, it is anticipated that companies in the hollow fibre filtration market will have considerable development possibilities due to growing economies and increased investment in cell-based research.

Key Growth Drivers:

Rising demand in biopharmaceuticals
The market's expansion will be accelerated by rising demand in biopharmaceuticals. In the projected period of 2022 to 2029, the market will experience expansion due to factors such as rising need for continuous manufacturing, high packing density brought by the small strand diameter, emerging biologics industry, and expanding biologics research activities. Additional factors that will affect the growth of the hollow fibre filtration market during the forecast period include expanding markets and the expiration of important medications' exclusive rights.

Rising preference for continuous manufacturing influences
The number of approved products globally and the growth in the production of biopharmaceutical pharmaceuticals are both anticipated to increase as a result of rising investments by biopharmaceutical companies in the development of biologics and biosimilars. Despite the fact that small-molecule medications account for the majority of pharmaceutical sales worldwide, the market share of biologics, biosimilars, and large-molecule therapies is rising as a result of the introduction of new drugs based on existing biologics as well as rising sales of those biologics.

The report outlines the involvement of key players, including:

Repligen Corporation (U.S.), Danaher (U.S.), Asahi Kasei Corporation (Japan), Parker-Hannifin Corp (U.S.), Sartorius Stedim Biotech S.A (France), TOYOBO CO., LTD (Japan), Cantel Medical (U.S), Kuraray Co., Ltd. (Japan), Koch Industries Inc. (U.S.), MANN+HUMMEL Holding GmbH (Germany), CoorsTek, Inc. (U.S.), Alpha Plan GmbH (Germany), Antylia Scientific (Germany), Meissner Filtration Product, Inc (U.S.), MMS Membrane System (Switzerland), BiOZEEN Pvt. Ltd. (India), Biotree (India), APAH technologies (India)

Key Market Segmentation

Material (Polymeric, Ceramic), Application (Continuous Cell Perfusion, Harvest and Clarification, Concentration and Diafiltration), Technique (Microfiltration, Ultrafiltration), End-Users (Pharmaceutical and Biotechnology Manufacturers, Contract Research and Manufacturing Organizations, R&D Departments, Others)

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Recent Development

In November 2021, The first specialised water purifier using a hollow-fiber nanofiltration membrane was introduced by Namiton, stretching the boundaries of Singaporean membrane technology advancement
In November 2021, Toray Industries, Inc. declared that they had created an incredibly durable hollow fibre ultrafiltration membrane module for biotechnology purification and concentration operations and had started offering samples to customers.

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This release was published on openPR.