The global hollow fiber filtration market size is expected to reach USD 881.53 Million by 2028 at a CAGR of 13.8%, according to the latest report by Reports and Data. Growing demand for biopharmaceuticals, increasing research and development activities for biologics, and rapid adoption of continuous manufacturing techniques across various industries are key factors expected to drive market revenue growth over the forecast period. Growing progress in bioprocessing, availability of skilled professionals, and increasing opportunities in the biopharmaceutical sector are also expected to drive market growth over the forecast period.
Hollow fiber is the most widely used membrane in industrial applications, particularly infiltration. Hollow fibers have a membrane coated on the outside of a porous support. Hollow fiber bioreactors, which are largely used in the medical industry, are made from cellulose and synthetic polymers. Hollow fiber membranes also have a very high packaging density due to its small strand diameters that allow specific filter configuration. Application has been increasing in various end-use industries and this is expected to contribute significantly to the revenue growth of the market over the forecast period. In addition, hollow fibers systems are small tubes that can be filled with drug solutions. The fiber wall is equipped with permeable membrane that is highly effective in the controlled release of drugs and this is expected to increase its adoption in the pharmaceutical industry and drive market growth going ahead.
Hollow fibers are also efficient carriers of drugs owing to the high surface area to volume ratio. Increasing RD activities to develop novel drugs, biopharmaceuticals, and therapeutics are expected to boost the adoption of hollow fiber membranes and this is expected to drive market growth over the forecast period. However, stringent regulations concerned with the safety and efficacy of drugs and biologics is expected to hamper the market growth to a certain extent over the forecast period.
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviors are shifting in a variety of ways, from the growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Key Players covered in this report are:
Asahi Kasei Corporation, Repligen Corporation, GE Healthcare, Danaher Corporation, Parker-Hannifin Corporation, Koch Membrane Systems, Inc., Watersep Bioseparation Corporation, Toyobo Co., Ltd., Microdyn-Nadir GmbH, Cantel Medical Corporation, and Coorstek, Inc.
Technique Outlook (Revenue, USD Million; 2018-2028)
- Reverse Osmosis
Material Outlook (Revenue, USD Million; 2018-2028)
Application Outlook (Revenue, USD Million; 2018-2028)
- Harvest Clarification
End-use Industry Outlook (Revenue, USD Million; 2018-2028)
- Pharmaceutical Manufacturers
Based on Region market is segmented into:
- North America
- South America
- Middle East Africa
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Major Points covered in this report are as below:
• The Hollow Fiber Filtration industry development trends and marketing channels are analyzed. The feasibility of new investment projects is assessed and overall research conclusions are offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes, and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue, and gross margins.
• The Hollow Fiber Filtration Market report provides key statistics on the market status of the Hollow Fiber Filtration manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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