The growth of the global
hollow fiber filtration market is driven by factors such as the rising
preference for continuous manufacturing, increasing use of single use
technologies, and the rising biopharmaceutical industry. In addition, emerging
economies, and increased investment cell-based research are expected to provide
significant growth opportunities for players in the hollow fiber filtration
market.
The global Hollow fiber filtration market is projected to reach USD 597 million by 2026 from USD 303 million in 2021, at a CAGR of 14.5% during the forecast period.
Prominent players in the
hollow fiber filtration market are Repligen Corporation (US), Danaher (US),
Asahi Kasei Corporation (Japan), Parker-Hannifin Corp (US), Sartorius Stedim
Biotech S.A (France), TOYOBO CO., LTD (Japan), and Cantel Medical (US). The key
players in this market are focusing on strategic expansions, and acquisition to
expand their presence in the market.
REPLIGEN CORPORATION (US)
Repligen is a key player in
the hollow fiber filtration market, it is a bioprocessing-focused life sciences
company. The company develops, manufactures, and sells products used to enhance
the interconnected phases of the biological drug manufacturing process
worldwide. The company operates through five reporting segments, namely,
Chromatography, Filtration Products, Process Analysis, Protein Products and
Others. The company offers a wide range of hollow fiber filtration products
through the Filtration Products segment.
To further strengthen its
market position, the company offers a wide range of hollow fiber filters, which
help it provide solutions for biopharmaceutical downstream processing. Repligen
has a broad customer base, which includes biopharmaceutical, biotech, and research
institutes. The growth of the company’s
filtration business has allowed the firm to
substantially increase its direct sales presence in
Europe and Asia and diversify its
end markets to include all biologic classes, including mAb, vaccines, recombinant proteins, and gene therapies.
DANAHER (US)
Danaher is a key market
player in the hollow fiber filtration market. It is a global science and
technology innovator company. The company develops a customer-centric
innovation in the research and development of life-saving vaccines, biologic
drugs, and novel cell and gene therapies. The company operates through three
business segments—Life Sciences, Diagnostics, and Environmental & Applied
Solutions. The company offers advanced hollow fiber filters through its two
subsidiaries, namely, Cytiva (US) and Pall Corporation (US), under its Life
Sciences segment.
The company has competitive
advantage as it operates in the hollow fiber filtration market through its two
subsidiaries, namely Pall and Cytiva, under its Life Sciences segment. This
segment offers biopharmaceutical manufacturing technology-based products and
services for a wide range of applications, such as protein research,
bioprocessing, cell therapy, and filtration. The company offers hollow fiber
filter products used in biopharmaceutical manufacturing for the filtration
process of mAbs, other molecules, and viruses. The company also offers
single-use hollow fibers, which make them an ideal choice for biologics
purification.
ASAHI KESAI CORPORATION
(JAPAN)
Asahi Kasei Corporation is a manufacturing company specializing in chemical and material science. The company operates through four reporting segments, namely, Material, Home, Health Care, and Others. The Health Care segment is further categorized into Pharmaceuticals, Medical Care, and Acute Critical Care. Asahi Kasei offers hollow fiber filtration products through its Asahi Kasei Medical subsidiary under its Medical Care subsegment. Asahi Kesai is one of the oldest and strongest player in the hollow fiber filtration market.
PARKER HANNIFIN CORP (US)
PARKER HANNIFIN
manufactures motion control products, including fluid power systems,
electromechanical controls, and related components. The company also offers
fluid purification, fluid flow, process instrumentation, air conditioning,
refrigeration, and electromagnetic shielding & thermal management products.
The company operates through two divisions, namely, Diversified Industrial and
Aerospace Systems. The Diversified Industrial segment is further categorized
into Filtration and Engineered Materials, Flow and Process Control, and Motion
Systems. The company offers hollow fiber filtration products through its
Filtration and Engineered Materials subsegment under the Diversified Industrial
division.