Press release
Global Hollow Fiber Filtration Market to Reach $1.44 Billion by 2029, Growing at 17.6% CAGR
Hollow Fiber Filtration
The growth of the pharmaceutical industry is expected to boost the hollow fiber filtration market. The pharmaceutical sector, which involves the production and distribution of medicines and healthcare products, is expanding due to increasing healthcare demand, technological advancements, and global market growth. Hollow fiber filtration is a crucial process in drug manufacturing, helping to purify biomolecules like proteins and antibodies. For instance, in June 2023, the European Federation of Pharmaceutical Industries and Associations reported that the pharmaceutical market value reached $298.2 billion in 2022, up from $256.45 billion in 2020. This expansion in the pharmaceutical sector is driving the hollow fiber filtration market.
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What is the projected compound annual growth rate (CAGR) of the hollow fiber filtration market from 2025 to 2034, and what factors influence it?
The hollow fiber filtration market has grown rapidly, projected to increase from $0.64 billion in 2024 to $0.75 billion in 2025 at a CAGR of 18.0%. Growth has been driven by a greater emphasis on patient safety and infection control, rising prevalence of chronic diseases, regulatory requirements for medication preparation, expanding healthcare infrastructure, and increased global healthcare spending.
The hollow fiber filtration market is expected to experience rapid growth, reaching $1.44 billion by 2029 at a CAGR of 17.6%. Growth is driven by increasing preference for single-use medical devices, healthcare facility modernization, an aging population, and rising infection control measures. Key trends include smart feature integration, sustainability-focused medical device manufacturing, needlestick prevention advancements, remote monitoring capabilities, and automation adoption.
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How are the latest trends influencing the growth of the hollow fiber filtration market?
Major companies in the hollow fiber filtration market are developing In-Out Ultrafiltration (UF) membranes to improve filtration efficiency, extend membrane life, and reduce fouling. DuPont, a U.S.-based chemical company, introduced its next-generation ultrafiltration membranes, the Multibore PRO, in March 2023. This new design, which incorporates 19 capillaries per fiber, enhances filtration performance, reduces floor space by 15%, and offers energy savings, especially in water purification applications like desalination and municipal drinking water.
What are the major segments of the hollow fiber filtration market and their role in driving growth?
The hollow fiber filtration market covered in this report is segmented -
1) By Membrane Material: Polysulfone (PS), Mixed Cellulose Ester, Polyvinylidene Difluoride (PVDF), Polyethersulfone (PES), Other Membrane Materials
2) By Technology: Microfiltration, Ultrafiltration, Other Technologies
3) By Application: Protein Concentration And Diafiltration, Cell Culture Harvest And Clarification, Virus Or Viral Vector Filtration, Raw Material Filtration, Other Applications
4) By End-Use: Pharmaceuticals, Biotechnology, Food And Beverages, Water And Wastewater Treatment, Other End-Uses
Subsegments:
1) By Polysulfone (PS): Hydrophilic Polysulfone Membranes, Hydrophobic Polysulfone Membranes
2) By Mixed Cellulose Ester: Hydrophilic Mixed Cellulose Ester Membranes, Hydrophobic Mixed Cellulose Ester Membranes
3) By Polyvinylidene Difluoride (PVDF): PVDF Hydrophilic Membranes, PVDF Hydrophobic Membranes
4) By Polyethersulfone (PES): Hydrophilic Polyethersulfone Membranes, Hydrophobic Polyethersulfone Membranes
5) By Other Membrane Materials: Polyamide Membranes, Cellulose Acetate Membranes, Ceramic Membranes
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Which regions are key players in the growth of the hollow fiber filtration market?
North America was the largest region in the hollow fiber filtration market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hollow fiber filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the hollow fiber filtration market?
Major companies operating in the hollow fiber filtration market are 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.
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What Is Covered In The Hollow Fiber Filtration Global Market Report?
•Market Size Forecast: Examine the hollow fiber filtration market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hollow fiber filtration market for a structured understanding.
•Key Players Overview: Analyze major players in the hollow fiber filtration market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hollow fiber filtration market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hollow fiber filtration market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hollow fiber filtration market.
•Industry Challenges: Identify potential risks and obstacles affecting the hollow fiber filtration market.
•Competitive Landscape: Review strategic developments in the hollow fiber filtration market, including expansions, agreements, and new product launches.
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