by The Global Hollow Fiber Filtration Market caters to life science applications such as Biopharmaceutical separations, protein purification, water purification, and industrial separations. Hollow fibers provide high surface area to volume ratio and pore sizes are customizable to suit process needs. This enables efficient separation and purification of biomolecules with minimal pressure requirement. The market is gaining momentum owing to rising adoption in bioprocessing sector for production of monoclonal antibodies, vaccines, recombinant proteins, and virus filtration.
The Global Hollow Fiber Filtration Market Size is estimated to be valued at US$ 395.2 million in 2024 and is expected to exhibit a CAGR of 14.% over the forecast period between 2024 to 2030. Key players operating in the Global Hollow Fiber Filtration are Sartorius AG, Repligen Corporation, Danaher Corporation, Merck KGaA, Asahi Kasei Corporation, Parker Hannifin Corp, Cole Parmer, Sterlitech Corporation, Synder Filtration, Inc., Meissner Filtration Products, Inc., KURARAY CO., LTD., Evoqua Water Technologies LLC. , The Envirogen Group and Cobetter.
Key Takeaways
Key players: Sartorius AG, Repligen Corporation and Danaher Corporation collectively hold over 35% of market share due to their strong product portfolio and global presence.
Growing demand: Increasing monoclonal antibody production and process separations in biopharmaceutical industry is fueling demand for hollow fiber filtration modules and systems. Stringent regulations across regions for water and wastewater treatment is further propelling market growth.
Global expansion: Leading players are focusing on expansion plans in emerging markets of Asia Pacific and Latin America to tap higher growth potential. Regional presence aids in addressing localized demand and offers cost benefits.
Market key trends
The market is witnessing trend of technological advancement in hollow fiber membrane material and module design. Companies are investing in R&D to develop filtration media with improved flux rates, selectivity and mechanical strength. Modular skid systems integrated with sensors and automation are gaining prominence for installation flexibility and efficient process monitoring. These innovative developments help boost process productivity and quality of separation.
Porter’s Analysis
Threat of new entrants: Barriers to entry are high as this is a highly technical and capital intensive market. Established players have significant economies of scale.
Bargaining power of buyers: Buyers have moderate bargaining power as there are several established players. However, switching costs are high.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power as raw materials required are generic in nature and available from several sources.
Threat of new substitutes: Threat of substitution is low as hollow fiber filtration offers unique benefits over other separation and purification techniques.
Competitive rivalry: Intense as key players aggressively compete on factors like product innovation, quality and pricing.
Geographical regions
North America currently accounts for the largest share of the global hollow fiber filtration market in terms of value. This is attributed to high adoption of separation and purification techniques across industries such as biopharmaceuticals and food & beverages.
The Asia Pacific region is poised to be the fastest growing market for hollow fiber filtration during the forecast period. Rapid industrialization and expansion of end use industries especially in China, India and Southeast Asia are driving growth. Increasing awareness about advantages of hollow fiber filtration is another factor augmenting market growth in the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
