Press release
Hollow Fiber Filtration Industry Insights and Growth Projections 2024
hollow fiber filtration market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15822&type=smp
According to The Business Research Company's, The hollow fiber filtration market size has grown rapidly in recent years. It will grow from $0.54 billion in 2023 to $0.64 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to the growing emphasis on patient safety and infection control, increasing prevalence of chronic diseases, regulatory requirements regarding medication preparation and administration, growth in healthcare infrastructure, and increased healthcare spending globally.
The hollow fiber filtration market size is expected to see rapid growth in the next few years. It will grow to $1.23 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to growing preference for single-use medical devices to minimize contamination risks, modernization of healthcare facilities, rising aging population, heightened focus on infection control measures, and increasing trend towards home-based healthcare services. Major trends in the forecast period include integration of smart features, emphasis on sustainability in medical device manufacturing, innovation in safety features such as needlestick prevention mechanisms and ergonomic designs, integration of remote monitoring capabilities into filter needle devices, and integration of advanced technologies such as automation and connectivity.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/hollow-fiber-filtration-global-market-report
Market Drivers and Trends:
The increase in the number of road accidents is expected to propel the growth of the emergency medical services products market going forward. A road accident is an unplanned event that occurs on a road or highway and involves one or more vehicles, pedestrians, or cyclists, resulting in damage, injury, or death. Road accidents are rising due to increased vehicle usage, distracted driving, and poor road infrastructure. Emergency medical services products are crucial in road accidents, facilitating rapid response, trauma care, and transportation of injured individuals, ultimately saving lives and minimizing long-term health complications. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, an estimated 42,915 people died in motor vehicle traffic crashes last year in the US, marking a 10.5% rise from the 38,824 fatalities in 2020. Therefore, the increase in the number of road accidents is driving the growth of the emergency medical services products market.
Major companies operating in the hollow fiber filtration market focus on developing advanced high-strength hollow fiber membrane technology to enhance filtration efficiency and durability. High-strength hollow fiber membrane technology is utilized in hollow fiber filtration to effectively separate contaminants from fluid streams through a porous membrane structure, providing efficient filtration and purification. For instance, in November 2021, Toray Industries Inc., a Japan-based integrated chemical company, launched a hollow fiber ultrafiltration membrane module for food and beverage manufacturing and biotechnology purification and concentration processes. This module excels in reducing energy consumption and advancing carbon neutrality by achieving over an 80% reduction in CO2 emissions compared to traditional thermal concentration methods in the food production sector. It is highly effective in steam (125°C) and hot water (90°C) settings, facilitating thermal sterilization and high-temperature filtration.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Thermo Fisher Scientific Inc., 3M Company, Medtronic plc, Asahi Kasei Corporation, Toray Industries Inc., Baxter International Inc., Avantor Inc, Terumo Corporation, Sartorius AG, Nipro Medical Corporation, B. Braun Medical Inc., Cantel Medical Corporation, Repligen Corporation, Avanos Medical Inc., Isopure Corp, Medica S.p.A, Envirogen Group, Synder Filtration, Cole-Parmer Instrument Company LLC, Hongtek Filtration Co. Ltd.
Hollow Fiber Filtration Market 2024 Key Insights:
• The hollow fiber filtration market size is expected to see rapid growth in the next few years. It will grow to $1.23 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%.
• Growing Pharmaceutical Industry Fuels Expansion of Hollow Fiber Filtration Market
• Advancements In High-Strength Hollow Fiber Membrane Transforming Filtration Efficiency and Sustainability
• North America was the largest region in the hollow fiber filtration market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15822&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hollow Fiber Filtration Industry Insights and Growth Projections 2024 here
News-ID: 3705428 • Views: …
More Releases from The Business research company
Rising Youth Population Fueling The Growth Of The Market Due To Increasing Self- …
The Tattoo Accessories Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Tattoo Accessories Market Size During the Forecast Period?
There has been a robust expansion in the tattoo accessories industry in the recent past. The market, which is projected to surge from…
Specialty Zeolite Market Size Forecasted To Achieve $12.54 Billion By 2029 With …
The Specialty Zeolite Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Specialty Zeolite Market Size and Projected Growth Rate?
The size of the specialty zeolite market has seen a swift expansion over the recent years. It is projected to rise from $7.66 billion…
Increasing Adoption of IoT Fueling the Growth Of The Market Due To Rising Demand …
The Smart Home Hub Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Smart Home Hub Market?
The market size for smart home hubs has seen exponential growth in the past few years. It is projected to increase from $158.25…
Strong Growth Ahead: Sand Control Services Market Size To Grow At Arecord 6.1% C …
The Sand Control Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Sand Control Services Market Size Expected to Be by 2034?
In recent times, the market size of sand control services has been on a steady rise. Its predicted growth rate…
More Releases for Filtration
Depth Filtration Market Qualitative Research|Danaher Corporation, Clarence Techn …
Depth filtration is the latest technology that is increasingly used in the pharmaceutical, medical and refinery sectors, and uses the entire matrix of the material to trap particulates, providing efficient filtration. Demand is increasing due to the adoption of single-use technologies, low cost and ease of use, and increased R&D spending in the development of new biopharmaceutical drugs.
Depth Filtration Market is growing at a 8.2% of CAGR during the forecast…
Growth and Demand Analysis Predicted for Crossflow Filtration, 2020 to 2030 | H …
Crossflow Wine Filters Market to Portray Rapid Growth Owing to its Demand in Variety of Applications
Along with the filtration of dairy, fruit juices and water, crossflow filtration has been used for the purification of wine since the late 1980s. Since crossflow wine filters can also be utilised to treat industrial effluents, the market seems to have huge growth with the increasing demands in such industries. Since the health-conscious population across…
Pharmaceutical Filtration Market Seeking Excellent Growth | Sartorius Group, Fil …
The process that helps separate suspended particles from a medium by passing them through a membrane is known as filtration. Filtration is one of the physical techniques employed in various fields including the pharmaceutical industry. It is one of the important processes adopted in the pharmaceutical industry. The filtration process can also be combined with other operations. Filtration is different from sieving, where separation is carried out using a single…
Portable Filtration Systems Market With Top Companies Trico Corporation, Filtrat …
The Global Portable Filtration Systems Market was valued at USD 498.32 million in 2016 and is projected to reach USD 702.54 million by 2025, growing at a CAGR of 3.89% from 2017 to 2025.
The Portable Filtration System is a kind of offline filtration unit. The portable units can be moved from one reservoir to a different for union multiple machines. This system can be used to filter nearly any type…
Industrial Filters Market Outlook to 2027 - 3M, Ahlstrom-Munksjo, Clear Edge Fil …
Industrial filters are used for removing deferred particles from different oils, water, gasses, and lubricants. One of the recurrent applications of industrial filters is the removal of particles from water. Since industrial processes generate a huge amount of effluents, dust, as well as chemical wastes, it is necessary to remove these particles to prevent harmful emissions.
The increasing urbanization and industrialization, along with stringent government regulations concerning treatment and emission of…
Industrial Filtration Market 2019- Cummins Filtration, Pall Corporation, Parker …
Market Highlights
Industrial filtration is widely used for removing impurities and other contaminations. Industrial filters are used for number of applications including cleaning and treating lubricants, industrial oils, gases, and water. Filters reduce waste disposal costs, lower maintenance time and expense, minimize process downtime, and improve product quality. All these factors are expected to drive the growth of industrial filtration market during the forecast period.
Industrial Filtration market has been…
