Hollow Fiber Filtration Market

Product Launches and Expansions are the Key Growth Strategies Adopted by Players Operating in the Hollow Fiber Filtration Market

The major players operating in the hollow fiber filtration market include Asahi Kasei (Japan), Repligen Corporation (US), and GE Healthcare (US). This market is projected to grow at a CAGR of 13.5% from 2018 to 2023, to reach USD 517.4 million by 2023 from USD 274.7 million in 2018. The rising preference for continuous manufacturing and the increasing demand for biopharmaceuticals are the major factors that are driving the growth of this market.

Most companies are currently focusing on increasing their presence in high-growth markets. Companies such as Asahi Kasei (Japan), Repligen Corporation (US), GE Healthcare (US), Koch Membrane Systems (US), and Danaher (US) are focusing on product launches, expansions, agreements, and acquisitions to strengthen their position in the market.

Asahi Kasei was the leading player in the hollow fiber filtration market in 2017. The company has a strong geographic network across North America, Europe, Asia, and South America. Asahi has a unique and wide range of product offerings in the hollow fiber filtration market, which helps the company sustain its leading position in the market. The company focuses on expansions to enhance its presence in the global market. For instance, in 2016, Asahi Kasei Medical constructed its new plant for the spinning of hollow-fiber membranes for Planova BioEX filters at the site of its Planova Oita Plant in Oita, Japan.

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Repligen Corporation is a key player in the hollow fiber filtration market. The company offers a wide range of hollow fiber filters, which help it to provide solutions for biopharmaceutical downstream processing. Repligen has a broad customer base, which includes biopharmaceutical, biotech, and research institutes. The company focuses on inorganic growth strategies to strengthen its position in the market. For instance, in 2017, Repligen signed an agreement with Spectrum, Inc. (US) to accelerate its existing filtration business and widen its customer network. Additionally, the company has a strong geographic presence in the US, the UK, Sweden, and other countries.

Some of the other leading players operating in the global hollow fiber filtration market are Danaher Corporation (US), Parker Hannifin Corporation (US), Koch Membrane Systems (US), and WaterSep BioSeparation (US). These companies are focusing on investing in R&D to add innovative technologies and products to their portfolio. With a strong portfolio of hollow fiber filtration products and ceaseless efforts to develop innovative products, these companies are likely to maintain their strong position in the market in the coming years.

Related Reports:

Hollow Fiber Filtration Market by Technique (Microfiltration, Ultrafiltration), Material (Polymer, Ceramic), Application (Harvest & Clarification, Concentration, Perfusion), End User (Pharmaceutical Manufacturer, CRO, CMO) - Global Forecast to 2023

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Report Code
BT 6591
RI Published ON
9/6/2018
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