Measurement Technology in Downstream Processing Market to Reach $XX Billion, Globally, by 2022 at 5.6% CAGR: Future Market Insights

The global demand for advanced sensor technology has been on a steady rise over the last few years, owing to a growing need for biopharmaceuticals brought about by a rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease. Increased demand for biopharmaceuticals has necessitated the manufacturing of sensor products and this is likely to positively impact revenue growth of the global measurement technology in downstream processing market. Future Market Insights presents a comprehensive forecast of the global market for measurement technology in downstream processing in a new report titled “Measurement Technology in Downstream Processing Market: Global Industry Analysis (2017 – 2021) & Opportunity Assessment (2022 – 2028).” Besides a historical market valuation for the period 2017 to 2021 and detailed revenue projections for the period 2022 to 2028, the report also provides useful information on the key market dynamics – growth drivers, revenue inhibitors, current and predicted market trends, as well as opportunities for manufacturers – with an objective to provide the report audience with pertinent qualitative and quantitative insights on the market.

According to the forecast presented in the report, valuation of the global measurement technology in downstream processing market is anticipated to increase from an estimated US$ 3,772.4 Mn in 2022 to about US$ 6,827.9 Mn by the end of the forecast period in 2028. This reflects a CAGR of 6.1% in terms of value during the period of study.

Major Key Players:

Applikon Biotechnology Inc.
 Sartorius AG
Broadley-James Corporation
 Thermo Fisher Scientific Inc.
Hamilton Company
Waters Corporation
PreSens Precision Sensing GmbH
PendoTECH LLC
Endress+Hauser AG
Mettler-Toledo International Inc.
Metroglas AG
Madison
YSI
Evoqua
Sensorex
Forbes

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Sensors Dominant Product Type in the Global Measurement Technology in Downstream Processing Market

The global measurement technology in downstream processing market is segmented on the basis of product type into Sensors, Transmitters and Controllers, Sensor Housings, Cables and Connectors, and Buffers and Standard Reagents. Sensors are the widely adopted product type with an increased market share throughout the forecast period. Conductivity sensors and cell density sensors are two of the fastest growing sensor types. In 2022, the market volume of the sensors segment was pegged at 4,165.4 (‘000 units) and this is expected to increase to 8,094.9 (‘000 units) by 2028 end.

Single Use to Remain the Most Preferred Modality in the Global Measurement Technology in Downstream Processing Market

On the basis of modality, the global market is segmented into Single Use and Reusable. The single use segment is the fastest growing modality type with a CAGR of 6.9%.

Biopharmaceutical Companies the Fastest Growing End Users of Measurement Technology in Downstream Processing

The global market for measurement technology in downstream processing is segmented based on end user into Biopharmaceutical Companies, Food & Beverage Companies, Contract Manufacturing Organisations, Contract Research Organisations, Academic and Research Institutes, and Others. Biopharmaceutical companies are the largest end users of measurement technology in downstream processing, and this segment is slated to register a CAGR of 7.2% during the forecast period – the highest among all the end user segments of the global market. Food & beverage companies are the second largest end users of measurement technology in downstream processing, and this segment is expected to reach a market valuation of US$ 2,273.2 Mn by 2027 end.

Western Europe Largest Regional Market for Measurement Technology in Downstream Processing

The report studies the performance of the global measurement technology in downstream processing market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. The Western Europe regional market is the largest in terms of revenue, with an estimated market valuation to the tune of US$ 2,677.1 Mn by the end of 2027. However, the Asia Pacific Excluding Japan measurement technology in downstream processing market is projected to witness the fastest growth rate of 8.3% between 2017 and 2027.

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Measurement technology in downstream processing market by Category

By Product

Sensors
pH Sensors
Optical
Electrochemical
DO Sensors
Optical
Eelctrochemical
Conductivity Sensors
Cell Density Sensors
Sensor Housings
Transmitters & Controllers
Cables & Connectors
Buffers & Reagents

By Modality

Single-use
Reusable

By End User      

Pharmaceutical & Biotechnology Companies
Food & Beverage Companies
Contract Manufacturing Organizations
Academic & Research Institutes
Others

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia-Pacific excluding Japan
Japan
Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.