Hollow Fiber Filtration Market Driven by High Adoption in Pharmaceutical and Biotechnology Industries

Comments · 22 Views

 


Market Overview
The global hollow fiber filtration market is witnessing significant growth owing to high adoption of hollow fiber filtration across various end-use industries such as pharmaceutical and biotechnology. Hollow fiber filtration is a membrane-based filtration technique that makes use of hollow fibers made up of semipermeable membranes. It offers advantages such as compact design, high surface area for filtration, and easy scalability. Hollow fiber filtration finds widespread applications in protein purification, water treatment, food processing and production of monoclonal antibodies due to its capability to separate molecules based on their size or weight. The emergence of novel biologics and monoclonal antibodies has further propelled the demand for hollow fiber filtration for large-scale manufacturing.

The Global Hollow Fiber Filtration Market Size is estimated to be valued at US$ 395.2 MN in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031.


Key Takeaways

Key players operating in the hollow fiber filtration market are Sartorius AG, Repligen Corporation, Danaher Corporation, Merck KGaA, Asahi Kasei Corporation, Parker Hannifin Corp, Cole Parmer, Sterlitech Corporation, Synder Filtration, Inc., Meissner Filtration Products, Inc., KURARAY CO., LTD., Evoqua Water Technologies LLC. , The Envirogen Group and Cobetter.

The key opportunities in the hollow fiber filtration market include increasing investments in developing novel biotherapeutics and vaccines, expansion of contract manufacturing and research organizations, and growing demand for monoclonal antibodies.

Major players are focusing on global expansion through partnerships, mergers and acquisitions to enhance their presence in emerging markets of Asia Pacific and Latin America. For instance, Repligen acquired Genome & Co. in South Korea to expand into the Asia Pacific region in 2021.

Market Drivers
Growing demand for biologics and large molecule therapeutics: Biologics development especially monoclonal antibodies has surged significantly in the recent past. Hollow fiber filtration is widely used by biopharmaceutical companies for downstream purification during biologics manufacturing due to advantages such as minimized buffer requirements.

Stringent regulatory standards for process filtration: Stringent regulatory standards stipulated by FDA and EMA regarding process filtration validation and filter integrity monitoring have encouraged end users to adopt hollow fiber filtration techniques for critical process filtration applications.

Market Restraints
High capital and operational costs: Hollow fiber filtration modules and skids have high initial capital costs. Additional costs associated with operation, process validation documentation and membrane replacement restrict wider adoption.

Lack of skilled professionals: Hollow fiber filtration requires specialized skills for module housing assembling, integrity testing and operational procedures. Paucity of trained professionals poses a challenge especially for small companies.

Segment Analysis
The global hollow fiber filtration market can be segmented based on material, technique, applications and end-use. Within material, the polyamide segment currently dominates owing to its excellent properties like high porosity, uniform pore distribution and outstanding mechanical strength. This makes it suitable for various applications like biopharmaceutical purification and industrial separation.

In terms of technique, microfiltration dominates as it is widely used for clarification and concentration of large molecules like proteins. Other popular techniques include ultrafiltration and reverse osmosis.

Some major applications of hollow fiber filtration include biopharmaceutical purification, potable water treatment, food & beverage processing, waste water treatment and chemicals & others. Biopharmaceutical purification accounts for the largest share due to high demand for monoclonal antibodies, vaccines and therapeutic proteins.

Key end-users include pharmaceutical & biotechnology companies, food & beverage industry, water & wastewater treatment facilities and chemical processing plants. Of these, pharmaceutical & biotechnology segment has the highest demand.

Global Analysis
Regionally, North America holds the largest share in the global hollow fiber filtration market currently. This can be attributed to established pharmaceutical industry, strict environmental regulations regarding waste water treatment and growing biotechnology sector in the region. Asia Pacific is expected to witness the fastest growth during the forecast period owing to increasing R&D investments, healthcare spending, industrialization and focus on waste water treatment in countries like China, India and Japan. Rising awareness about hollow fiber filtration technologies and their benefits in emerging economies is also propelling the regional market. Stringent environmental regulations in Europe are further complementing the market growth.

 

Get More Insights On This Topic: Hollow Fiber Filtration Market

Explore More Article: Wheelchair Cushions Market

disclaimer
Comments