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 increasing emphasis on patient safety and infection control, the rising prevalence of chronic diseases, regulatory requirements concerning 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 a growing preference for single-use medical devices to minimize contamination risks, the modernization of healthcare facilities, a rising aging population, heightened focus on infection control measures, and an increasing trend towards home-based healthcare services. Major trends in the forecast period include the integration of smart features, an emphasis on sustainability in medical device manufacturing, innovation in safety features such as needlestick prevention mechanisms and ergonomic designs, the integration of remote monitoring capabilities into filter needle devices, and the integration of advanced technologies such as automation and connectivity.
The growth of the hollow fiber filtration market is expected to be propelled by the expanding pharmaceutical industry in the future. This industry encompasses activities related to researching, developing, producing, and marketing medications and other healthcare products. The pharmaceutical sector's growth is driven by increased healthcare demand, technological advancements, and global market expansion. Hollow fiber filtration plays a crucial role in efficiently separating and purifying biomolecules such as proteins and antibodies during drug manufacturing processes within the pharmaceutical industry. For example, according to the European Federation of Pharmaceutical Industries and Associations, the pharmaceutical market's value at ex-factory prices increased to €275 billion in 2022 from €236.5 billion in 2020, with research and development spending rising to €44.5 billion in 2022 compared to €39.4 billion in 2020. Hence, the growth of the pharmaceutical industry is propelling the hollow fiber filtration market's growth.
Key players in the hollow fiber filtration market concentrate on developing advanced high-strength hollow fiber membrane technology to improve filtration efficiency and durability. This technology, utilized in hollow fiber filtration, efficiently separates contaminants from fluid streams through a porous membrane structure, ensuring effective filtration and purification. For instance, Toray Industries Inc. introduced a hollow fiber ultrafiltration membrane module in November 2021 for applications in food and beverage manufacturing and biotechnology purification and concentration processes. This module significantly reduces energy consumption and advances carbon neutrality, 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.
In September 2023, NSI Mobile Water Solutions acquired Pall Corporation, representing a significant step forward in NSI Mobile Water Solutions' growth and enhancing its position in the industrial water market segment in Europe. Pall Corporation, a provider of hollow fiber membrane systems, complements NSI Mobile Water Solutions' modern range of water and wastewater treatment technologies.
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.
North America was the largest region in the hollow fiber filtration market in 2023. 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.
The countries covered in the hollow fiber filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hollow fiber filtration is a membrane filtration technique that employs bundles of narrow, flexible tubes (hollow fibers) to separate components in a fluid. It is widely used for water purification, medical applications, and bioprocessing due to its high surface area and efficient separation capabilities.
The main membrane materials for hollow fiber filtration include polysulfone (PS), mixed cellulose ester, polyvinylidene difluoride (PVDF), polyethersulfone (PES), and others. Polysulfone is a thermoplastic polymer known for its high thermal and chemical resistance, commonly used in membrane filtration applications. The technology encompasses microfiltration, ultrafiltration, and other filtration methods. It is applied in various processes such as protein concentration and diafiltration, cell culture harvest and clarification, virus or viral vector filtration, and raw material filtration. These applications serve industries such as pharmaceuticals, biotechnology, food and beverages, water and wastewater treatment, and others.
The hollow fiber filtration research report is one of a series of new reports that provides hollow fiber filtration market statistics, including the hollow fiber filtration industry's global market size, regional shares, competitors with a hollow fiber filtration market share, detailed hollow fiber filtration market segments, market trends and opportunities, and any further data you may need to thrive in the hollow fiber filtration industry. This hollow fiber filtration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hollow fiber filtration market consists of revenues earned by entities by providing services such as water purification, wastewater treatment, dialysis, blood filtration, cell harvesting, and concentration and separation of biomolecules in bioprocessing. The market value includes the value of related goods sold by the service provider or included within the service offering. The hollow fiber filtration market also includes sales of laboratory filtration devices, hollow fiber bioreactors, microfiltration and ultrafiltration unit. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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 a growing preference for single-use medical devices to minimize contamination risks, the modernization of healthcare facilities, a rising aging population, heightened focus on infection control measures, and an increasing trend towards home-based healthcare services. Major trends in the forecast period include the integration of smart features, an emphasis on sustainability in medical device manufacturing, innovation in safety features such as needlestick prevention mechanisms and ergonomic designs, the integration of remote monitoring capabilities into filter needle devices, and the integration of advanced technologies such as automation and connectivity.
The growth of the hollow fiber filtration market is expected to be propelled by the expanding pharmaceutical industry in the future. This industry encompasses activities related to researching, developing, producing, and marketing medications and other healthcare products. The pharmaceutical sector's growth is driven by increased healthcare demand, technological advancements, and global market expansion. Hollow fiber filtration plays a crucial role in efficiently separating and purifying biomolecules such as proteins and antibodies during drug manufacturing processes within the pharmaceutical industry. For example, according to the European Federation of Pharmaceutical Industries and Associations, the pharmaceutical market's value at ex-factory prices increased to €275 billion in 2022 from €236.5 billion in 2020, with research and development spending rising to €44.5 billion in 2022 compared to €39.4 billion in 2020. Hence, the growth of the pharmaceutical industry is propelling the hollow fiber filtration market's growth.
Key players in the hollow fiber filtration market concentrate on developing advanced high-strength hollow fiber membrane technology to improve filtration efficiency and durability. This technology, utilized in hollow fiber filtration, efficiently separates contaminants from fluid streams through a porous membrane structure, ensuring effective filtration and purification. For instance, Toray Industries Inc. introduced a hollow fiber ultrafiltration membrane module in November 2021 for applications in food and beverage manufacturing and biotechnology purification and concentration processes. This module significantly reduces energy consumption and advances carbon neutrality, 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.
In September 2023, NSI Mobile Water Solutions acquired Pall Corporation, representing a significant step forward in NSI Mobile Water Solutions' growth and enhancing its position in the industrial water market segment in Europe. Pall Corporation, a provider of hollow fiber membrane systems, complements NSI Mobile Water Solutions' modern range of water and wastewater treatment technologies.
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.
North America was the largest region in the hollow fiber filtration market in 2023. 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.
The countries covered in the hollow fiber filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hollow fiber filtration is a membrane filtration technique that employs bundles of narrow, flexible tubes (hollow fibers) to separate components in a fluid. It is widely used for water purification, medical applications, and bioprocessing due to its high surface area and efficient separation capabilities.
The main membrane materials for hollow fiber filtration include polysulfone (PS), mixed cellulose ester, polyvinylidene difluoride (PVDF), polyethersulfone (PES), and others. Polysulfone is a thermoplastic polymer known for its high thermal and chemical resistance, commonly used in membrane filtration applications. The technology encompasses microfiltration, ultrafiltration, and other filtration methods. It is applied in various processes such as protein concentration and diafiltration, cell culture harvest and clarification, virus or viral vector filtration, and raw material filtration. These applications serve industries such as pharmaceuticals, biotechnology, food and beverages, water and wastewater treatment, and others.
The hollow fiber filtration research report is one of a series of new reports that provides hollow fiber filtration market statistics, including the hollow fiber filtration industry's global market size, regional shares, competitors with a hollow fiber filtration market share, detailed hollow fiber filtration market segments, market trends and opportunities, and any further data you may need to thrive in the hollow fiber filtration industry. This hollow fiber filtration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hollow fiber filtration market consists of revenues earned by entities by providing services such as water purification, wastewater treatment, dialysis, blood filtration, cell harvesting, and concentration and separation of biomolecules in bioprocessing. The market value includes the value of related goods sold by the service provider or included within the service offering. The hollow fiber filtration market also includes sales of laboratory filtration devices, hollow fiber bioreactors, microfiltration and ultrafiltration unit. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hollow Fiber Filtration Market Characteristics3. Hollow Fiber Filtration Market Trends And Strategies32. Global Hollow Fiber Filtration Market Competitive Benchmarking33. Global Hollow Fiber Filtration Market Competitive Dashboard34. Key Mergers And Acquisitions In The Hollow Fiber Filtration Market
4. Hollow Fiber Filtration Market - Macro Economic Scenario
5. Global Hollow Fiber Filtration Market Size and Growth
6. Hollow Fiber Filtration Market Segmentation
7. Hollow Fiber Filtration Market Regional And Country Analysis
8. Asia-Pacific Hollow Fiber Filtration Market
9. China Hollow Fiber Filtration Market
10. India Hollow Fiber Filtration Market
11. Japan Hollow Fiber Filtration Market
12. Australia Hollow Fiber Filtration Market
13. Indonesia Hollow Fiber Filtration Market
14. South Korea Hollow Fiber Filtration Market
15. Western Europe Hollow Fiber Filtration Market
16. UK Hollow Fiber Filtration Market
17. Germany Hollow Fiber Filtration Market
18. France Hollow Fiber Filtration Market
19. Italy Hollow Fiber Filtration Market
20. Spain Hollow Fiber Filtration Market
21. Eastern Europe Hollow Fiber Filtration Market
22. Russia Hollow Fiber Filtration Market
23. North America Hollow Fiber Filtration Market
24. USA Hollow Fiber Filtration Market
25. Canada Hollow Fiber Filtration Market
26. South America Hollow Fiber Filtration Market
27. Brazil Hollow Fiber Filtration Market
28. Middle East Hollow Fiber Filtration Market
29. Africa Hollow Fiber Filtration Market
30. Hollow Fiber Filtration Market Competitive Landscape And Company Profiles
31. Hollow Fiber Filtration Market Other Major And Innovative Companies
35. Hollow Fiber Filtration Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Hollow Fiber Filtration Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hollow fiber filtration market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for hollow fiber filtration ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hollow fiber filtration market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Membrane Material: Polysulfone (PS); Mixed Cellulose Ester; Polyvinylidene Difluoride (PVDF); Polyethersulfone (PES); Other Membrane Materials2) 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
Key Companies Mentioned: Thermo Fisher Scientific Inc.; 3M Company; Medtronic plc; Asahi Kasei Corporation; Toray Industries Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.
Methodology
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