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Increasing use of hollow fiber filters in various upstream and downstream bioprocessing devices, increased R&D activities for biologics, and growing demand for bioprocessed products are some of the key factors that are expected to continue to drive market growth

New York, November 9, 2021/PRNewswire/--Reports and Data released its latest report, titled "Hollow fiber filtration market size, share and analysis, by technology (microfiltration, ultrafiltration, reverse osmosis), By material (polymer ceramics)", by application (harvesting and clarification, concentration, infusion), by end-use industry (pharmaceutical, CRO, CMO) and by region, forecast to 2028. "

According to reports and data, the global hollow fiber filtration market will be worth US$313.4 million in 2020 and is expected to reach US$88153 million in 2028, and the compound annual growth rate of revenue during the forecast period from 2021 to 2028 will be 13.8%.

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Hollow fiber membranes are filters with fine pores, which can be used to selectively filter or remove particles according to their size. Hollow fibers are widely used for filtration due to the semi-permeability of their capillary walls. Hollow fiber bioreactors used in the medical and pharmaceutical fields are made of cellulose and synthetic polymers, and are often modified to improve permeability, blood compatibility and cell compatibility. This is useful for blood purification and liver-assisted biology. The reactor is crucial. Advances in medical filters based on hollow fibers have improved the biocompatibility between the cells and the surface of these filters. Hollow fiber filters with a small pore size distribution and a large number of membranes are widely used in dialysis and other laboratory applications. The use of hollow fiber filters in the medical and pharmaceutical industries, industrial separation applications, and cancer treatment drug efficacy testing has been steadily increasing.

The hollow fiber filter has many small tubes, which are bundled together to form a filter matrix. Due to the latest developments in technology and filters, hollow fiber filters are widely used in water treatment, cell culture, tissue engineering and medical applications. The hollow fiber system is used for drug efficacy testing, and the fiber wall with permeable membrane is used to control drug release. Due to the high surface area to volume ratio and high load flexibility, hollow fibers are excellent drug carriers. Hollow fiber ultrafiltration is also used to monitor the naturally occurring protozoa in the source water, and can concentrate microorganisms in a single hollow fiber to purify drinking water. Hollow fiber filtration uses the same principles as capillary and tubular filtration systems, but uses a smaller tube diameter to increase flexibility. From microfiltration to reverse osmosis, hollow fibers are used in all types of filtration processes, which is another key factor that is expected to drive future revenue growth in the market.

Due to the smaller diameter of the filaments, the hollow fiber membrane has a higher packing density, and the flexibility of the strands is improved, so certain configurations of the filter can be realized. However, due to the high flexibility of the fibers, they are easier to break under high strain or pressure than other filtration methods. In addition, compared with other configurations, high capital and operating costs are expected to curb market growth to a certain extent during the forecast period.   

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The microfiltration division registered a strong revenue compound annual growth rate:

The microfiltration sector is expected to record a strong compound annual growth rate of revenue during the forecast period; this is due to the increasing use of belts in various biopharmaceutical processes, cell collection in upstream biological processes, and the recycling process of antibiotic production. Hollow fiber for microfiltration.

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Pharmaceutical manufacturers will dominate other end-use industry sectors:

Due to increasing demand for bioprocessed products, increasing R&D activities, increasing number of drug discovery and development projects, and rapid adoption of continuous manufacturing, the pharmaceutical manufacturer sector is expected to dominate other end-use sector technologies in terms of revenue growth during the forecast period.

North America leads in revenue share:

North America is expected to account for the largest share of revenue during the forecast period. This is due to the rising prevalence of chronic diseases, the development of advanced perfusion and dialysis systems, the rapid adoption of advanced manufacturing processes, and the existence of key technologies that have led to increasing demand for biologics. Players in the area.

Strong revenue growth in the Asia-Pacific region:

The revenue of the Asia-Pacific market is expected to grow at a significant compound annual growth rate during the forecast period; due to the rapid development of the biopharmaceutical industry, the increase in the prevalence of chronic diseases, the development of the most advanced healthcare and research facilities, and the region Investment by the government and healthcare institutions has continued to increase.

Major companies in the market include:

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For the purpose of this report, Reports and Data gas has segmented the global hollow fiber filtration market based on technology, materials, applications, end-use industries and regions: 

Technology Outlook (Revenue, USD million; 2018-2028)

Material outlook (revenue, millions of dollars; 2018-2028)

Application Outlook (Revenue, Million USD; 2018-2028)

Terminal industry outlook (revenue, millions of dollars; 2018-2028)

Regional outlook (revenue, millions of dollars; 2018-2028)

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