How much is the hollow fiber filtration market worth, and how is it expected to expand?
The hollow fiber filtration market size has grown rapidly in recent years. It will grow from $0.64 billion in 2024 to $0.75 billion in 2025 at a compound annual growth rate (CAGR) of 18.0%. 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 $1.44 billion in 2029 at a compound annual growth rate (CAGR) of 17.6%. 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 Your Free Sample of The Global Hollow Fiber Filtration Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15822&type=smp
What are the top drivers to the rising demand in the hollow fiber filtration market?
The growing pharmaceutical industry is expected to propel the growth of the hollow fiber filtration market going forward. The pharmaceutical industry is the sector involved in the research, development, production, and marketing of medications and other healthcare products. The growth in the pharmaceutical industry is due to increased demand for healthcare, advancements in technology, and expanding markets globally. Hollow fiber filtration is employed in the pharmaceutical industry to efficiently separate and purify biomolecules, such as proteins and antibodies, during drug manufacturing processes. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade association, the pharmaceutical market value at ex-factory prices rose to $ 298.20 billion (€275 billion) in 2022 from $ 256.45 billion (€236.5 billion) in 2020. Further, research and development spending for pharmaceuticals increased to ($ 48.25 billion) €44.5 billion in 2022 compared to $42.72 billion (€39.4 billion) in 2020. Therefore, the growing pharmaceutical industry is driving the growth of the hollow fiber filtration market.
How is the hollow fiber filtration market segmented?
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
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/hollow-fiber-filtration-global-market-report
Who are the top competitors 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.
What significant trends should we anticipate in the hollow fiber filtration market over the forecast period?
Major companies operating in the hollow fiber filtration market focus on developing innovative In-Out Ultrafiltration (UF) membranes to enhance filtration efficiency, increase operational lifespan, reduce fouling, and improve the overall performance in various applications. In-Out Ultrafiltration (UF) membranes refer to a type of membrane filtration system where the feedwater flows through the hollow fibers from the outside (the outer surface) to the inside (the lumen), or vice versa. For instance, in March 2023, DuPont, a US-based chemical company introduced its next-generation ultrafiltration membranes, the Multibore PRO, which utilize a distinct multi-capillary design with 19 capillaries per fiber, enhancing filtration efficiency and sustainability. This innovation allows for a 15% reduction in required floor space, alongside energy savings that benefit desalination and municipal drinking water applications.This innovation represents a significant advancement in ultrafiltration (UF) technology, specifically designed to enhance water purification processes across various applications, including desalination and municipal drinking water systems.
Which regional trends are influencing the hollow fiber filtration market, and which area dominates the industry?
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.
What Does The Hollow Fiber Filtration Market Report 2025 Offer?
The hollow fiber filtration market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Hollow fiber filtration is a membrane filtration technique that uses bundles of narrow, flexible tubes (hollow fibers) to separate components in a fluid. It is commonly used for water purification, medical applications, and bioprocessing due to its high surface area and efficient separation capabilities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15822
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
