PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1070365
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1070365
According to SPER Market Research, the Hollow Fiber Filtration Market estimated to reach USD 796.7 million by 2030 with a CAGR of 11.2%. Growing exploit of single use technologies, increasing biopharmaceutical industries, rising inclination towards continuous manufacturing; are the key factors which act as the fuel for the escalation of the market.
The outbreak of COVID-19 has boosted the research for the treatment and vaccine manufacture, with the hollow fiber filtration by the pharmaceutical, biopharmaceutical companies, and the players of the Hollow fiber filtration market to target the corona virus infection. Thus COVID-19 has a positive impact on this market.
Growing usage of single-use technologies, increase in the biopharmaceutical industry, growing preference for continuous manufacturing; are the key factors for the expansion of the market.
In Emerging economies, there is rising government support and private investments, demand for single used technology, increasing biosimilars, increasing investments in cell-based research, this growth in biopharmaceuticals is going to offer enormous opportunities for the players in the Hollow Fiber Filtration Market.
The main problems regarding hollow fiber filtration are; permanent fouling and fiber breakage, moderate capital costs, high operating costs. These are the challenges to the market.
Based on the Material, Hollow Fiber Filtration Market is segmented as; Ceramic, Polymeric, Polyvinylidene fluoride (PVDF), PS/PES, Other polymeric materials.
Based on the Technique, Hollow Fiber Filtration Market is segmented as; Microfiltration (<0.2 Micron Meter, >0.2 Micron Meter and <0.7 Micron Meter), Ultrafiltration (>50,000 kDa, >10,000 kDa and <50,000 kDa, <10,000 kDa).
Based on the Application, Hollow Fiber Filtration Market is segmented as; Continuous Cell Perfusion, Harvest and Clarification, Concentration and Diafiltration.
Based on the End-Users, Hollow Fiber Filtration Market is segmented as; Pharmaceutical and Biotechnology Manufacturers, Contract Research Organization and Contract Manufacturing Organization (CROs & CMOs), other end users.
North America owns the prime share of this market; this is due to the focus of companies on new products such as perfusion systems, ease, and cost-efficiency of hollow fiber filters and the growing demand for filtration systems for the biopharmaceuticals industry.